SECURITIES firm Morgan & Co predicts a spike in Delta Corporation Limited volumes on the Zimbabwe Stock Exchange (ZSE) ahead of Econet Wireless Zimbabwe’s extraordinary general meeting (EGM) on Thursday, where shareholders will vote on the company’s proposed delisting.
Since announcing its intention to delist in December 2025, Econet’s market capitalisation has surged by hundreds of millions of United States dollars, reaching US$1,05 billion last Friday. The delisting is part of a corporate restructuring plan to consolidate Econet’s real estate, tower, and power assets under Econet Infrastructure Company Limited (InfraCo) on the Victoria Falls Stock Exchange, a move aimed at unlocking shareholder value.
Econet has sweetened the exit for shareholders with a US$0,50 per share offer, comprising US$0,17 in cash and US$0,33 in InfraCo shares.
Analysts say Econet’s delisting has shifted market attention to Delta, which has emerged as a defensive option for investors amid uncertainty. The announcement coincided with a surge in Delta’s market capitalisation by US$500 million to US$1,52 billion last Friday, underscoring the ripple effects of major corporate actions on Zimbabwe’s blue-chip stocks and investor sentiment on the ZSE.
“We expect a surge in Delta volumes amid the uncertainties surrounding Econet Wireless’s pivotal EGM on February 26,” Morgan & Co said in a statement.
“With the record date now passed, the market focus will shift towards Delta as a defensive play.”
Trading activity on the ZSE has been dominated by Delta and Econet, with total weekly turnover hitting ZiG$1 billion last week. Ahead of the EGM, FBC Securities (Private) Limited predicted that a large portion of Econet’s market capitalisation could migrate to Delta.
Delta’s strong performance is expected to continue, bolstered by projections that it will reach US$1 billion in revenue for the financial year ending March 31, 2026. While FBC Securities described Econet’s delisting as strategically sound and value-accretive, it cautioned investors about valuation uncertainty and governance concentration risks.
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