BUSINESS NEWS

SECZ suspends stockbroker over possible abuse of client securities

The Securities and Exchange Commission of Zimbabwe has suspended stockbroker Benson Gasura to pave way for investigations into possible non-compliance with the regulator's directive on nominee account...

BUSINESS NEWS

UK stockbroker to woo FDI to Zimbabwe

The Securities and Exchanges Commission of Zimbabwe (SECZ) has licensed a new strockbrocking firm, Morgan & Co, owned by British investors and two indigenous partners, which has pledged to influen...

FINANCIAL SERVICES

Mswaka named Stockbrokers Association chair

VETERAN stockbroker, Bartholomew 'Bart' Mswaka, has been announced as the Stockbrokers Association of Zimbabwe's new chairperson.Mswaka takes over from FBC Stockbroking managing director Ben Gasura.Ba...

'Accumulate Zimplow,' says Imara Stockbrokers

Zimplow Holdings Limited released an improved set of numbers showing revenue growth of 77% to $14.7 million for an operating profit of $0.2 million compared to a loss of $1.3 million in the first half...

MINING & RETAIL

Imara Stockbrokers downgrades Bindura

Bindura Nickel Corporation released a subdued set of numbers for their Q3 trading update, as nickel concentrate production declined by 30% from 1,989 tonnes in Q2 to 1,383 tonnes. This was on the bac...

FINANCIAL SERVICES

Remo ruling presents dilemma

A High Court ruling that Interfin Securities (Private) Limited (Interfin) must return Remo Investment Brokers (Private) Limited (Remo)'s shares worth $3,3 million has presented market regulators and Z...

FINANCIAL SERVICES

Stockbrokers lose $1 million to fraud

BROKERAGE firms have lost nearly $1 million since dollarisation due to fraud resulting from weak manual systems and lack of sound internal controls on the Zimbabwe Stock Exchange (ZSE), the country'...

INDUSTRIALS & ENERGY

Beer price increase a reaction to pricing 'abuse'

IMARA Edwards Securities speculates that the review of beer prices by Delta Beverages is a reaction to the 'abuse' by retailers on pricing due to shortage of coinage.Delta reviewed the wholesale and...

ZIMBABWE

'Politics drive big spurt in Zimbabwe equity trading'

Zimbabwean politics are driving a huge spurt in trading volumes on the Harare stock exchange.The recent election victory of incumbent president Robert Mugabe may have led to a sell-off by some, but si...

AFRICA BUSINESS

Imara Stockbrokers opens up Africa for retail investors

ASSET management and securities trading company Imara SP Reid Stockbrokers on Tuesday launched an investment platform enabling its retail clients to make investments in any stock market in Africa wit...

ZIMBABWE

Stockbrokers in bid to stop privatisation of the Zimbabwe Stock Exchange

STOCKBROKERS are fighting a losing battle in their bid to stop the privatisation of the Zimbabwe Stock Exchange, Securities Commission of Zimbabwe chief executive Mr Tafadzwa Chinamo has said.Addres...

FINANCIAL SERVICES

Kingdom voluntarily surrenders stockbroking licence

KINGDOM Stockbrokers is said to have voluntarily surrendered its licence citing viability concerns emanating from low volumes of business.Kingdom Stockbrokers did not attend ZSE trading today and on...