Seed-Co International absorbs its Zimbabwe subsidiary, expects no board changes

ZIMBABWE – Seed producer Seed-Co International (SCIL) has said there will be no changes to the structure of its board once it completes the absorption of the Zimbabwean subsidiary, Seed Co Limited (SCL). In a move that marks a complete turnaround from the group’s 2018 unbundling, the Botswana Stock Exchange-listed Seed-Co International which is secondarily listed on the US dollar denominated Victoria Falls Stock Exchange – VFEX, will be merged with the Zimbabwean entity. That means SCL, which is listed on the Zimbabwe Stock Exchange (ZSE) will have to delist.…

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Caledonia Mining to list on Victoria Falls Stock Exchange

ZIMBABWE – Caledonia Mining Corporation has confirmed its listing on Zimbabwe’s new stock exchange, Victoria Falls Stock Exchange, 10 days before trading on the bourse is scheduled to start. The exchange, known as VFEX will be based in the resort town of Victoria Falls and will trade in foreign currency exclusively as the Government seeks to lure much-needed dollars. It remains in talks to secure more listings. Commenting on the decision to list on the new bourse, Caledonia spokeswoman Camilla Horsfall said “we understand that the proposal is for the…

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