Nov 06, 2017 | Further Cautionary Statement

Shareholders are reminded that the Simbisa Brands Limited (“Simbisa” or “the Company”) Board of Directors has approved, subject to Reserve Bank of Zimbabwe, other Regulatory approvals and shareholders’ approval, the application for a secondary listing of Simbisa’s Ordinary Share Capital on the London Stock Exchange Alternative Investments Market (“AIM”) in order to access additional funding for the Company’s expansion. Further to this expansion initiative, shareholders are also advised that Simbisa is currently in negotiations for the acquisition of an international complimentary business.

Shareholders will be provided with more details regarding the transactions by way of a circular in due course. Accordingly, shareholders are advised to exercise caution and should consult their professional advisors before dealing in the Company’s shares.


Nov 02, 2017 | Press Statement

CBZ Holdings Limited (the Company) wishes to advise its stakeholders of a recent newspaper article stating that its subsidiary, CBZ Bank Limited (the Bank) is facing possible imposition of a financial penalty by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC)

The Company acknowledges that OFAC issued a Pre-Penalty Notice which required the Bank to respond to their observations relating to transactions carried out by the Bank on behalf of its clients banking with other institutions. For the record, these payments by the Bank were for clients that are not on the OFAC Sanctions List and as such the Bank has shown cause why it should not be subjected to any penalty.

The Company wishes to assure its clients and other stakeholders that the Bank continues to operate and conduct its business normally with both local and international correspondent relationships.


Nov 02, 2017 | Cautionary Statement

The Directors of Lafarge Cement Zimbabwe Ltd, a member of LafargeHolcim wish to advise shareholders and other stakeholders that LafargeHolcim Ltd, the parent company of the combined Group is engaged in discussions with PPC Ltd of South Africa which may lead to a potential transaction.

These discussions are still fairly highly level and there is nothing conclusive at this stage. Further details will be made available in due course.

Shareholders and the investing public are thus advised to exercise caution and to consult their professional advisors when dealing in Lafarge Cement Zimbabwe Ltd shares.


Oct 31, 2017 | Dividend Declaration Notice

Date Announced :Tuesday, 31 October 2017
Dividend declared for the period :31 August 2017
Dividend Amount per share :0.579 US cents
Dividend Record Date :17 November 2017
Last day to trade cum-dividend :14 November 2017
Dividend ex-date :15 November 2017
Dividend Status :Declared
Dividend Payment Date :20 November 2017
Tax Status :Gross
Withholding tax :10%
Scrip Dividend Offer :Nil
Scrip Dividend Offer Term :Nil

Oct 30, 2017 | Dividend Declaration Notice

Date Announced :Monday, 30 October 2017
Dividend declared for the period :30 June 2017
Dividend Amount per share :0.25644 US cents
Dividend Record Date :10 November 2017
Last day to trade cum-dividend :07 November 2017
Dividend ex-date :08 November 2017
Dividend Status :Declared
Dividend Payment Date :17 November 2017
Tax Status :Gross
Withholding tax :10%
Scrip Dividend Offer :Nil
Scrip Dividend Offer Term :Nil

CBZ 2017 HY Dividend Notice

Oct 27, 2017 | Non-Binding Expression of Interest from LagargeHolcim and a Further Cautionary Statement

Shareholders of PPC (“Shareholders”) are referred to announcements published on the Stock Exchange News Service (“SENS”) by PPC on 4 September 2017 and 3 October 2017 that PPC had received credible indicative proposals from trade bidders in relation to a potential pan-African combination with PPC. Further to those announcements, PPC shareholders are advised that PPC has received a non-binding expression of interest (“EOI”) from LafargeHolcim, which contemplates a combination of certain African assets, a partial cash offer and a special dividend.

LafargeHolcim intends to submit a Firm Intention Offer during the week commencing 20 November 2017, following the completion of a due diligence process.

PPC shareholders should note that the process in respect of the Fairfax Africa Investments Proprietary Limited (“Fairfax”) partial offer, announced by PPC on SENS on 4 September 2017, is still proceeding in accordance with the Independent Board process described in the announcement published on SENS by PPC on 3 October 2017, concurrently with the consideration by the Independent Board of the EOI and the consequential engagement by the Independent Board with LafargeHolcim.

PPC’s shareholders should note that this EOI may or may not lead to a Firm Intention Offer and accordingly PPC shareholders are advised to continue to exercise caution when dealing in securities of PPC until a further announcement is made.

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Oct 27, 2017 | Results of Scheme Meeting

Shareholders are advised that a Scheme Meeting of minority shareholders of Colcom Holdings Limited (“Colcom”) was held on 25 October 2017 to vote on the approval of a Scheme of Arrangement proposed by Innscor Africa Limited (“Innscor”) between Colcom and its minority shareholders (“the Scheme Participants”), in terms of Section 191 (1) of the Companies Act (Chapter 24:03), whereby Innscor seeks to acquire the shares of the Scheme Participants for a consideration of 0.55 Innscor ordinary shares for every 1 Colcom ordinary share.

The Scheme of Arrangement was declared duly approved. Colcom is now progressing with the fulfilment of the remaining Conditions Precedent of the Scheme of Arrangement.

Upon fulfilment of all of the Conditions Precedent, shareholders will be notified, and the Scheme Consideration will be settled.

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Oct 06, 2017 | Abridged Audited Group Results for the Year Ended 09 July 2017

Directors’ Responsibility

The Company’s directors are responsible for the preparation and fair presentation of the Group’s financial results, of which this press release represents an extract. These financial results have been prepared in accordance with International Financial Reporting Standards and in the manner required by the Companies’ Act (Chapter 24:03). The principal accounting policies of the Company are consistent with those applied in the previous year.

Audit Statement

These financial results should be read in conjunction with the complete set of financial statements for the period ended 09 July 2017, which have been audited by Ernst & Young Chartered Accountants (Zimbabwe) who have issued an unmodified audit opinion thereon and have included a section of key audit matters relating to impairment of receivables and inventory valuation and existence in the report. The auditor’s report on these financial results is available for inspection at the Company’s registered office

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Oct 04, 2017 | Audited Financial Statements for the year ended 30 June 2017


It is pleasure that I present the audited financial statements of GetBucks Microfinance Bank Limited (“the bank”) for the year ended 30 June 2017, 18 months since we were granted our Deposit Taking License and Listing on the Zimbabwe Stock Exchange and five months since the launch of Zimbabwe’s first Listed Medium-Term bond.


Operating environment

The Zimbabwean operating environment during the period under review was challenging however I am happy to report that despite many difficulties the business continued to return a healthy profit. Significant challenges continue to be experienced on the cash and Nostro payment platforms because of the country’s negative balance of payments position.

Despite these, the bank has been able to operate normally in an environment of cash shortages by using all locally available electronic payment channels for payments and receipts. The bank is a full participant on RTGS, Zimswitch and all mobile money platforms and will continue to leverage on this capability to ensure uninterrupted service for its customers. We believe there are opportunities abound on the market to deliver value to customers and shareholders alike.

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Oct 04, 2017 | Update on the Secondary Scheme of Arrangement

Further to the update on the Secondary Scheme of Arrangement published on 7 April 2017, scheme members are advised that Dewei Investments Limited (Dewei) has now received the necessary regulatory approvals, including Exchange Control and Indigenization. Dewei is now proceeding to conclude the transaction. It is anticipated that settlement to scheme members will be made in October 2017. Further updates will be published pending finalization of the transaction.

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Oct 02, 2017 | Abridged Circular to Shareholders

Colcom has published an Abridged Circular relating to the proposed Scheme of Arrangement in terms of Section 191 of the Companies Act [Chapter 24:03] as amended, in terms of which, if implemented, Innscor Africa Limited will acquire all of the scheme shares from the scheme participants for a consideration of 0.55 Innscor ordinary shares for every 1 Colcom ordinary share held and incorporating a Substitute Offer in terms of Section 194 of the Companies Act.

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Oct 02, 2017 | Announcement to Shareholders

The Board of Directors of First Mutual Holdings Limited (FMHL) advises shareholders and stakeholders that following negotiations between FMHL and National Social Security Authority (NSSA), a major shareholder in FMHL, an agreement has been reached between FMHL and NSSA pursuant to which NSSA will acquire FMHL’s entire shareholding in Rainbow Tourism Group (RTG), subject to certain terms and conditions. The agreement to dispose of 373,289,666 shares representing 19.957% shareholding in RTG was reached on 28 July 2017. The disposal is at a price of $0.009275 per share, which was determined based on the volume weighted average price. The transaction will be settled in the normal way. The disposal is in terms of the Corrective Order issued by the Pensions and Insurance Commission (IPEC) in 2012 and this investment in RTG has been classified as held for sale by FMHL since December 2015.

The disposal will provide a number of benefits to FMHL, including diversification of its investment portfolio as well as increasing admissible regulatory capital for the Group’s insurance subsidiaries, as the sale proceeds will be applied to prescribed assets.

Shareholders and the investing public are therefore advised to consult the professional advisors when dealing in FMHL shares.

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Oct 02, 2017 | Unaudited Abridged Financial Statements for the six Months Ended 30 June 2017


On behalf of the Board of Directors, it gives me pleasure to present the abridged interim financial statements for Dawn Properties Limited (“the Company” or the “Group”) for the six months ended 30 June 2017.


Statement of comprehensive income
Group revenue totalled US$2.3 million with the property investments and property consultancy segments contributing 58% and 42%, respectively. Revenues were 23% higher than the same period last year. The increase in revenue was primarily driven by improved performance from our hotel properties.

Group operating expenses stood at US$1.7 million, up from US$1.2 million incurred during the period ended 30 June 2016. The increase was primarily attributable to expenses incurred in renovating Caribbea Bay Hotel. In addition, the Group also finalised the ZIMRA tax dispute and recognised the outstanding penalties and interest amounting to US$302 000. As a result, despite the encouraging increase in revenue, the Group recognized a pre-tax profit of US$544 000, which represents a 23% decrease from the same period last year.

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Media Centre

Feb 05, 2019 | Statement by the Zimbabwe Stock Exchange

05 February 2019

The Zimbabwe Stock Exchange Limited (“ZSE”) hereby notifies the investing public of the voluntary suspension...

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