The Zimbabwe Stock Exchange (ZSE) has experienced capital flight during the year to July 31, as foreign sales amounting to $60.9 million outweighed foreign purchases of $33.5 million, resulting in a net capital outflow of $27.4 million.
Movement for Democratic Change leader Morgan Tsvangirai today condemned thugs who beat up his deputy Thokozani Khupe in Bulawayo yesterday and said they should face the wrath of the law.
The Zimbabwe Stock Exchange industrial index advanced 2.49 percent to close the week on 207.09 points, as local investor appetite for stocks continues to drive the market to new highs.
Vice-President Phelekezela Mphoko last week told Senator Tapera Machingaifa that he was knocking on the wrong door when he asked him why there was no money at the banks but there were brand new notes on the streets.
When First Lady Grace Mugabe started blasting then Vice-President Joice Mujuru, and moved on to new Vice-President Emmerson Mnangagwa, most people thought this was because of the new powers she had just got as Secretary for Women’s Affairs in the Zimbabwe African National Union-Patriotic Front.
Non-life insurers reported a 60 percent increase in after tax profit from $2.39 million to $3.83 million in the quarter to March, driven by an increase in gross premiums written (GPW) and a reduction in operational expenses, a report by the industry regulator has shown.