Page 8 - Padenga News Today

THE Zimbabwe Stock Exchange (ZSE) says it will be delisting agro-processor National Foods Holdings Limited to pave way for their migration to the Victoria Falls Stock Exchange (VFEX). In a statement, ZSE chief executive officer (CEO) Mr Justin Bgoni said they had instituted a trading halt on National Foods Holdings with effect from Thursday. “Following…

PLATINUM miner Karo Mining Holdings, which expects to open its mine in 2024, has listed on the Victoria Falls Stock Exchange (VFEX) as the seventh counter and the first to issue bonds since the exchange, which deals in shares denominated in US dollars, opened two years ago. VFEX is the only exchange in Africa trading…

Equities on the Zimbabwe Stock Exchange (ZSE) recovered in the week to Wednesday in gains led by the market’s heavy cap counters resulting in four of the benchmark indices closing in the positive. The primary indicator, the ZSE All Share Index rose 1,7 percent to 14 826 points from 14 577 points sustained by gains…

CBZ Holdings says ZSE-listed companies which are part of its consumer staples basket migrating to the Victoria Falls Stock Exchange (VFEX) will present an opportunity to add USD-denominated assets for its exchange-traded fund (ETF). The Datvest Modified Consumer Staples Exchange Traded Fund which was listed on the ZSE in March this year became the third…

The Victoria Falls Stock Exchange (VFEX) market capitalisation jumped 37,7 percent to US$475,25 million since the listing of Nedbank Group Limited’s Depository Receipts in November and Simbisa Brands shares at the beginning of December. As at September 30, 2022, VFEX market capitalisation was US$345 million, having increased 25 percent from US$273,24 million in the previous…

THE Victoria Falls Stock Exchange (VFEX) is experiencing a hive of activity, with multiple listings expected during the quarter to December 31, 2022, as the bourse continues to excite businesses with its foreign currency trading. Quick service restaurant group Simbisa Brands Limited was last week scheduled to complete its listing on the exchange, while Karo…

The Zimbabwe Stock Exchange (ZSE) market value for the week weakened by 5 percent during the week after the 2023 National Budget presentation during which Finance and Economic Development Minister Professor Mthuli Ncube cut his economic forecast for 2022. On November 24, 2022, Professor Ncube presented a $4,5 trillion 2023 budget whose main thrust is…

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REGIONAL focused quick service restaurants, Simbisa Brands shareholders have given the greenlight for the company to delist from the Zimbabwe Stock Exchange (ZSE) and approved the company’s listing on the Victoria Falls Stock Exchange. The decision is in line with agreements reached at a meeting held Monday 26 September 2022, where the board of directors of Simbisa considered termination…

EU markets maintain a tight regime of regulations such as prescribing requirements for the preparation of crocodiles, their bodies, meat, organs and other parts.