Old Mutual is trading three times higher on the Zimbabwe Stock Exchange compared to its primary listing on London Stock exchange (LSE), indicating that local assets are overvalued as punters seek to maximise value in Zimbabwe’s currency chaos.
Defence Minister Sydney Sekeramayi and Health Minister David Parirenyatwa have sued singer and businessman Energy Mutodi for defamation following a facebook post in which he accused the two of poisoning Vice-President Emmerson Mnangagwa.
Construction and engineering group Masimba Holdings recorded a 23 percent increase in after tax profit to $137 422 in the half year to June from $111 477 in the comparable period last year on improved revenue coupled with overhead efficiencies.
Zimbabwean activist pastor Evan Mawarire today appeared in court charged with subversion and inciting people to cause public violence.
The Zimbabwe Stock Exchange mining index today went over the 100 point mark for the first time in three years.