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  • ZSE indices open new month higher

    November 1, 2017 9:39 PM 109

    HARARE,– The Zimbabwe Stock Exchange indices opened the month of November higher, with both the industrial and mining index advancing 0,26 percent and 4,36 percent to close at 523,22 points and 138,27 points respectively. Market capitalisation stood at $14,8 billion while a market turnover amounting to $7,5 million was recorded on the local bourse

  • Exercise of Warrants & Issue of Equity

    November 1, 2017 4:06 PM 89

    Following the issue of the New Ordinary Shares, the total issued share capital of the Company consists of 770,716,920 ordinary shares of 0.01p each ('Ordinary Shares') with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 770,716,920 and this figure may be used by shareholders

  • Econet makes $49 million profit in six months

    October 31, 2017 12:35 PM 105

    Econet Wireless reported a threefold increase in after tax profit to $48.9 million in the six months to August from $14.97 million recorded in the same period last year on increased revenue coupled with a marked decline in finance cost. In April the company undertook a $130 million rights offer to pay a consortium of creditors — China Development Bank, African

  • Zim project produces first known battery grade lithium carbonate in Southern Africa

    October 31, 2017 10:48 AM 68

    JOHANNESBURG ( – Junior miner Prospect Resources has produced battery grade lithium carbonate from its Arcadia petalite project, in Zimbabwe, the company announced on Tuesday. The lithium carbonate with a purity 99.5% was produced in the company’s custom laboratory, Kwekwe, in Zimbabwe. Prospect Resources chairperson Hugh Warner said that as far as the company

  • Prospect’s Arcadia granted national project status

    October 31, 2017 10:48 AM 110

    HARARE, October 31 (The Source) – Australian junior miner Prospect Resources said it has been granted national project status for its Arcadia Lithium project in Harare by the Zimbabwe government. National Project Status is often applied to projects which have a large capital cost with a large portion of this cost being equipment and services not available

  • Ethiopian B787-9 touches down at Delhi International Airport

    October 31, 2017 10:30 AM 104

    October 31, 2017: Ethiopian B787-9 Dreamliner that joined the airline’s most modern operating fleet on October 27, 2017, made its debut flight to India’s capital city of Delhi. The Dreamliner fleet which is an integration of design and technology with unique features of biggest windows in the sky, high ceiling, less noise, distinctive lighting, and higher

  • Businessman fleeces Harare hospital

    October 31, 2017 2:14 AM 93

    A LOCAL businessman has appeared in court charged with swindling Harare Central Hospital of more than US$63,000. Stansfield Dhokwani, 46, the director of a company called Floralspitch Investments, appeared before Harare magistrate Josephine Sande last week facing fraud charges. According to the State, sometime in 2008, a company called Laryscope Pvt Ltd was awarded

  • Woman loses $8k to car dealer

    October 30, 2017 10:59 PM 93

    Allegations are that on October 5, 2015, Clara Hambury, who was looking for a truck to buy, phoned Chauraya and asked him to show her some of the vehicles that were on offer. Further allegations are that Chauraya, using the social messaging application WhatsApp, sent pictures of an Isuzu single-cab (registration number ABD 9313) to Hambury and told her the vehicle

  • Zimbabwe's financial market closes ranks to absorb international monetary pressure

    October 30, 2017 9:42 AM 76

    Zimbabwean mobile money firms and banks, whose debit cards have been limited or disabled for international transactions, have turned their attention to the home market and have started to link up wallets with bank cards. Banks in Zimbabwe are restricting cash withdrawals at below US$50 and this has given rise to increased usage of mobile money wallets

  • Why Most Analysts Recommend a ‘Hold’ for Cloud Peak Energy

    October 27, 2017 4:04 PM 95

    According to data compiled by Thomson Reuters, nine analysts are covering Cloud Peak Energy (CLD) stock. Of these analysts, seven (or 78.0%) analysts rated CLD stock as a “hold,” and two (or 22.0%) gave it a “buy” or “strong buy” rating. The company did not receive any “sell” or “strong sell” recommendations. Success! You are now receiving e-mail alerts