Zimbabwean investment group, Brainworks Capital says it plans to list on the Johannesburg Stock Exchange (JSE) later this year, with an Initial Public Offer (IPO) set for next month.

The liquidator of Altfin Life Assurance says creditors should expect to recover a quarter of their claims if he sells off the company’s building.

Zimbabwe’s largest mobile operator, Econet continues to leverage on broadband and mobile transactions growth to protect its topline against a background of waning voice and SMS revenues owing to the downside presented by over-the-top (OTT) services.

Vice-President Emmerson Mnangagwa yesterday said the constitution amendment bill that seeks to give the President powers to appoint the chief justice, his deputy and the president of the High Court is not a self-serving amendment but is apolitical and is centred on the notion that for the administration of justice to be smooth, it must be predicated upon an independent appointment process, insulated from potential internal influence of its senior officials.

Chrome ore prices are projected to remain depressed in the short-term, posing a threat to Zimbabwe’s vibrant small-scale mining industry, an official has said.