TECHNOLOGY outfit Ecocash Holdings chairperson Sherree Shererni has projected that the Zimbabwean Stock Exchange listed firm is in for exciting times, after financial statements for the half year to August 31, 2021 showed it had bounced back into profitability defying “environmental headwinds.”

The stock market seems to have reached an inflection point In response to the announcement that the government had paid contractors almost ZWL$170 billion.

All major indices experienced losses on Wednesday, which led to further weakness in the broad ASI. The local stock exchange traded in lockstep with its Top 10 as it declined 0.70% to close at 15,654.10, while the Top 15 index fell 0.60% and the small caps 0.11% lower.

The mainstream ASI kept trading higher for a third straight session, adding 0.61 percent to settle at 16717.10 as the exchange crossed again over the ZWL$2 trillion.market capitalization threshold. The ZSE All Share Index remained positive due to gains among the market's heavy hitters.

Seed firm, Seed Co Limited (SCL) recorded a loss of $650,5 million in its inflation adjusted financial results for the year ended March 31, 2022 owing to a 75% increase in cost of sales due to inflation.

Victoria Falls Stock Exchange (VFEX) listed seed producer, Seed Co International is developing more seed varieties for both grain and vegetables that suit conditions across its regional markets in an effort to boost agricultural yields and food security.

The price of bread is likely to go up after flour prices rose by 10% yesterday. This comes after the Grain Marketing Board increased its wheat prices to millers by 8% from $239 360 to $258 416 per tonne. In a statement yesterday, the Grain Millers Association of Zimbabwe (GMAZ) also announced a 10% review in the price of bread flo

President Mnangagwa has gazetted Statutory Instrument 118A of 2022 entrenching the multi-currency system as announced by Finance and Economic Development Minister Professor Mthuli Ncube yesterday.

ZIMBABWE’S annual inflation jumped to 191.7% in June from 131.7% recorded last month, further spiking upwards prices of basic goods and services. The 60% point movement comes on the back of yet another fuel price hike of US$1.88 from US$1.76 for diesel and US$1.77 from US$1.73 for petrol. The latest report by Zimbabwe National Sta

The local exchange's losing trend continues as it ended another week on a poor note, weighed down by losses in market heavyweights. Investor confidence in the mainstream All Share Index continues to wane as a result of government policy swings. This has resulted in a seller's market as investors panic and sell their shares while s

The local exchange extend further losses, as all indices continue falling. The mainstream All Share Index slid 3.51 percent to 21,467.01, while the Medium Cap index lost 0.30 percent and penny stocks lost 0.93 percent. The stock market recorded a significant increase in trading volumes as a function of the Econet deal.

In a bid to try and fix the economy, the government imposed a Statutory Instrument 103A which included these highlights; Brokerage Commission reduced from 0.92% to 0.7650% while the ZSE and SEC levy increased to 0.25% and 0.2% respectively. The trades continued falling further so the government rescinded back, removing the...