Market report: Govt to acquire 50K POS machines

by Sunday News Online | Sunday, Jan 7, 2018 | 582 views

Government is working on providing foreign currency for the acquisition of 50 000 new point of sale machines in the next 100 days as part of broadening the use of plastic money. President Emmerson Mnangagwa has set 100-day deliverables for line ministries, as he seeks to inculcate a new work ethic aimed at turning the economy around.


The All Share Index closed the week higher at 97.59 points after gaining 0.07 points (0,07percent). Old Mutual increased by $0,1174 to close at $4,7284 while Delta, Innscor and Padenga each added $0,0025 to close at $1,5526, $1,0000 and $0,5500 in that sequence. Meikles was up by $0,0015 to $0,2965 while OK Zimbabwe inched up $0,0004 to end at $0,1654.

However, PPC came off $0,0775 to trade at $0,8700; Econet eased $0,0025 to $0,9000 while Willdale was $0.0001 weaker at $0,0068.

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