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(iStock) Padenga Holdings, one of the world’s largest suppliers of crocodile skins for luxury bags and shoes, received shareholder approval to list on Zimbabwe’s new bourse, which trades exclusively in US dollars. The Harare-based group will list on the Victoria Falls Exchange, or VFEX, on July 9 after delisting from the main bourse in the capital, Chief Financial Officer Oliver Kamundimu said Friday by phone. Padenga, which counts top international brands among its customers, will be the new exchange’s second listing. The VFEX, set up in October to attract global ca...

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ZSE has its best month in a year Business Reporter The Zimbabwe Stock Exchange had its best closing month in more than a year after its market capitalisation closed at $531.7 billion. Since October 2020, the ZSE has closed higher than the previous month. Turnover for June, was also the second-highest for the period under review. Meanwhile, for the week to 31 March 2021, the ZSE market capitalisation gained 8.96 percent to close at $531,7 billion. At the close, the ZSE All Share Index was 7.96 percent firmer at 4,488.78. Its year to date gain is now 70,27 percent. The week’s best performing ...

Zimbabwe: ZSE Has Its Best Month in a Year Zimbabwe: ZSE Has Its Best Month in a Year 2 mins ago The Zimbabwe Stock Exchange had its best closing month in more than a year after its market capitalisation closed at $531.7 billion. Since October 2020, the ZSE has closed higher than the previous month. Turnover for June, was also the second-highest for the period under review. Meanwhile, for the week to 31 March 2021, the ZSE market capitalisation gained 8.96 percent to close at $531,7 billion. At the close, the ZSE All Share Index was 7.96 percent firmer at 4,488.78. Its year to date gain is n...

HARARE – The stock market was near flat for the second day running as trading remained mixed. Turnover was about 25% lower to $61.25 million although activity levels were much higher at 490. Delta led the turnover contributions at $16.86 million while General Beltings brought in the least value at $120. Foreigners continued to sell their holdings in heavyweight counters at $26.08 million against purchases of $5.87 million. Meanwhile, the Ministry of Finance said public service funds under management have grown to $3.7 billion since last year. The funds are under the management of eight asse...