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By Philimon Mhlanga Dubai billionaire, Ali Albwardy, is planning a hostile takeover of Zimbabwe Stock Exchange (ZSE)-listed conglomerate, Meikles Limited, through one of his investment vehicles involved in the hospitality, food and trade business. Meikles, also listed on the London bourse, confirmed in a cautionary statement that it had received a bid from Albwardy Investment, […]
An investigation into the conduct of suspended Zimbabwe Stock Exchange (ZSE) chief executive officer (CEO), Alban Chirume, is almost complete, amid indications that the bourse could part ways with its top servant. Chirume fell out with the ZSE’s board last month for sanctioning mobile telecommunications company Econet Wireless’ cash call to raise US$130 million to […]
Zimbabwe Stock Exchange (ZSE)- listed conglomerate, Meikles Africa Limited, has started the process of delisting from the domestic bourse after giving the country’s equities market a vote of no confidence two years ago. Meikles’ company secretary, Thabani Mpofu, yesterday issued a statement indicating that the company was “engaged in discussions on a transaction that may […]
By Happiness Zengeni Econet Wireless Zimbabwe has been asked to defer its extra-ordinary general meeting set for tomorrow until it has addressed technical issues relating to its proposed rights issue. Econet intends to raise $130 million through a rights offer and linked debentures sale in order to facilitate the servicing of its foreign debt. Under […]
By Oliver Kazunga The Zimbabwe Stock Exchange (ZSE) has suspended the listing of an engineering firm, Zeco Holdings for failing to pay listing fees and failure to convene annual general meetings with shareholders. The three-month suspension was effected last Thursday. In a statement, ZSE chief executive officer Mr Alban Chirume said the suspension was meant […]
By John Kachembere As the country’s economy continues to die, the Zimbabwe Stock Exchange (ZSE) hit a seven-year low on Wednesday, as foreign investors flee the market as if it’s infected with the deadly Ebola virus. Although the ZSE once ranked among the biggest and best performing bourses in Africa, investors have known nothing but pain […]
By Tarisai Machakaire HARARE – Zimbabwe Stock Exchange chief executive Alban Dhladhla Chirume yesterday laid counter charges of physical abuse against his estranged wife Susan Mutangadura, the chairperson of the Institute of Directors Zimbabwe (IoDZ). Chirume and Mutangadura’s domestic dispute spilled into the courts after a clash at their Borrowdale home in which the IDZ […]
The Zimbabwe Stock Exchange (ZSE) is eyeing at least three new listings before the end of 2015 in an effort to end a three-year listing drought.
HARARE – The Zimbabwe Stock Exchange (ZSE) has challenged the $50 million lawsuit that was filed against the local bourse by diversified conglomerate Meikles Limited (Meikles), businessdaily has learnt.
HARARE – In a new twist to the Meikles Limited (Meikles) and Zimbabwe Stock Exchange (ZSE) wrangle, the hospitality group has sued the Alban Chirume-led bourse for $50 million in “delictual damages for patrimonial loss” arising from the $90 million-debt debacle.