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Kudzanai Sharara

About Kudzanai Sharara

Kudzanai’s background in financial journalism with ZFN, combined with a continuing education in financial management, provide a solid grounding for his work in the research department.

AfrAsia challenges court’s decision on RioZim

By |July 19th, 2017|Categories: Headlines|

Losses in Seedco, Meikles and Simbisa saw the main industrials index close in the negative territory today. By the close the main Industrials Index was 0.33% weaker at 197.90 points. This was after Seedco lost 6.18% to 125.25 cents, Simbisa down 2.2% to 20.05 cents. Meikles was the day's biggest loser down 10.22% to 18 cents following the collapse of

Inflation slows to 0.31% in June

By |July 18th, 2017|Categories: Headlines|

The June inflation rate took a huge retreat, shedding 0.43 percent, to land at 0.31 percent. Inflation was last that low between March and April 2017. In the month of May, inflation was 0.75 percent. The main pullers of inflation were oil and fats (-1.22%), actual rentals (-7.95) fruit (-2.83%), sugar, jam, honey, chocolate and confectionery (-0.70) and beer (-0.39%).

GetBucks bullish on bond

By |July 17th, 2017|Categories: Headlines|

Listed deposit-taking microfinance firm GetBucks is confident the second tranche of its bond listing, which opened in May to raise $15 mln, will be well received. GetBucks MD Mercy Murevesi said, “The response so far is quite good, most companies have bureaucratic structures and may take long to conclude, but the interest is there. Others have a tendency of doing

Arrest Command Agric abusers, VP tells police

By |July 14th, 2017|Categories: Headlines|

SA Resource Plc’s former Executive Chairman Yat Hoi Ning is believed to be behind Rich Pro Investment’s bid to takeover the company. Early this week, Rich Pro Investments made an offer to acquire the issued share capital of Asa at 2.1p a share, valuing ASA’s share capital at about £35.5 million. RPI owned China’s Zhejiang Hailiang Co Ltd is controlled

Zimre to offer 22 cents to CFI minorities

By |July 13th, 2017|Categories: Headlines|

Zimre Holdings, through its investment vehicle, Stalap Investments, has made an offer to minorities of CFI Holdings as the battle to control the conglomerate escalates. Stalap will be offering 22c per share to minorities an 18% premium, CFI is currently trading at 18c per share. In a letter to FBC Securities managing director Mr Benson Gasura, ZSE acting chief executive

RioZim questions interest rate charges

By |July 12th, 2017|Categories: Headlines|

Riozim Limited has decided not to honour an ostensible $4.5 million debt owed to AfrAsia Bank, which is presently in liquidation, after it emerged the financial institution could have unfairly bloated interest and bank charges on the debt. The miner recently engaged the Interest Research Bureau (IRB) – an independent and privately-owned firm that helps companies to re-compute borrowed loans

Colcom issues cautionary

By |July 11th, 2017|Categories: Headlines|

Colcom today published a further cautionary statement relating to the Innscor’s intention to extend an offer to minority shareholders for the purchase of their Colcom shares in exchange for Innscor shares. It is also the intention of the company to apply for a voluntary delisting in terms of Section 1 of the ZSE Listing Requirements. - The Herald, 11 July 2017 Zimbabwe’s special

Bindura FY17 results

By |June 30th, 2017|Categories: Headlines|

Bindura released its results for the year ended 31 March 2017 showing an increase in turnover to $45.1 mln from $42.2 mln and flat profit after tax at $609,961 from $649,070 prior year. Nickel production increased to 6,762 tonnes from 6,621 tonnes while sales increased to 6, 705 tonnes from 6,613 tonnes. There was a 3% decline in the average

ZHL Q1 profits up 48%

By |June 29th, 2017|Categories: Headlines|

General Beltings Holding’s revenue in the first quarter was 20% up on prior comparable period while overall total volume was static at 365 tonnes. Group managing director Willbroad Tsuroh in a trading update at the company’s annual general meeting said the company remains in a loss making position because of a 38% reduction in prices undertaken in a bid to

Liquid Telecoms is set to launch a $700 million bond

By |June 28th, 2017|Categories: Headlines|

Liquid Telecoms is set to launch a $700 million bond and long-term financing package to support the group’s existing debt and growth strategy.The Pan-African telecommunications group said the funding would be raised through its subsidiary, Liquid Telecommunications Financing Plc. It is hoped that the funds from the new financing would support Liquid Telecom as it continues to rapidly scale and