Clothing manufacturer and retailer, Edgars Stores Limited is issuing share capital by way of a rights offer to raise funds for its expansion initiatives, 263Chat Business can report. A rights offer is when a company issues new shares with priority to existing shareholders. The company has already
Zimbabwe Stock Exchange (ZSE) has suspended listed gold mining and exploration company, Falcon Gold Zimbabwe Limited from trading of its shares pending publication of audited financial results as the company seeks delisting from the local bourse. The suspension came at the behest of the company. “The Zimbabwe
The Zimbabwe Stock Exchange Limited (ZSE) today launched the ZSE Training Institute, a center for specialized training of various capital markets subjects, 263Chat Business has learnt. The institute is expected to help unpack capital markets in a country were equity trading is generally misunderstood. In a statement
Market capitalization on the Zimbabwe Stock Exchange (ZSE) grew 64 percent in just a little over a week to reach ZWL$ 67 billion as at close of trading yesterday on the back of investors continuing to seek shelter in the equities amid local currency depreciation,
Sugar producing company, Hippo Valley Estates Limited (Hippo) will today commence trading its shares on the local bourse, following a six month hiatus from the Zimbabwe Stock Exchange (ZSE) pending investigations of its parent company, Tongaat Hulett Limited (THL), 263Chat Business can report. Hippo was suspended
ZSE-listed insurance group, Fidelity Life Assurance of Zimbabwe has issued another cautionary statement to the investing public over trading of its shares as a potential capital restructure with effect on the share price looms. The company issued shares by way of a rights offer as it
The Zimbabwe Stock Exchange (ZSE) is set to host the 57th committee of the Southern African Development Community (SADC) Stock Exchanges- CoSSE, from the 11th to the 13th of March in Victoria Falls, 263Chat Business has learnt. Representatives from the sub-region’s bourses will also have a
The week opening coincided with the start of business in the New Year and as expected, it opened on a lukewarm note as most companies are yet to operate at full throttle with momentum expected to gain in the coming week. However, notable was the resurgence
Local startup, Forex Trading School Africa has partnered one of the biggest Wall Street brokers, MX in a deal that is earmarked to impart online trading knowledge across the country and the African region starting next month, 263Chat Business has learnt. Online trading involves connecting with
Zimbabwe Stock Exchange-listed cigarette manufacturer, British American Tobacco (BAT) Zimbabwe suffered major decline in production volumes owing to low product uptake and high operating costs but still managed to achieve a profit position, the company’s latest trading performance for the nine months to September 30
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