The Zimbabwe Stock Exchange market capitalisation breached $8.1 billion on Friday as mainly local investors take refuge in assets to escape the chaos in the currency and money markets.
Zimbabwe war veterans’ leader Christopher Mutsvangwa has warned Defence Minister Sydney Sekeramayi to stay out of the association affairs and warned that the veterans who have sustained the Zimbabwe African National Union-Patriotic Front since 2000 will not back President Robert Mugabe next year.
Zimbabwe’s largest gold producer, Metallon has made its four mines stand alone operations in a restructuring exercise it says will increase efficiencies.
The Infrastructure Development Bank of Zimbabwe (IDBZ) achieved a 16 percent increase in net profit to $196 572 in the six months to June compared to $169 720 in the same period last year.
Zambian government officials did not believe that Zimbabwe’s inclusive government would last and described it as a “forced marriage,” with former South African President Thabo Mbeki acting as “the bridesmaid”.
The Zimbabwe Stock Exchange (ZSE) market capitalisation increased by $1.37 billion in the week to close at $8.12 billion on Friday, from $6.74 billion in the previous week.