{"id":65400,"date":"2022-09-01T19:00:52","date_gmt":"2022-09-01T17:00:52","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp"},"modified":"2022-09-01T21:27:45","modified_gmt":"2022-09-01T19:27:45","slug":"zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp","title":{"rendered":"Zimbabwean Businessman Loses Over US$53 Million In 18 Weeks From Stake In Axia Corp"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>Zimbabwean multimillionaire businessman Zinona \u2018Zed\u2019 Koudounaris has seen the market value of his stake in Harare-based Axia Corporation (Axia Corp) plummet recently.<\/p>\n

This was triggered by a continued fall of shares amid a heightened equity sell-off by investors.<\/p>\n

Koudounaris, who holds a total of 113 982 912 ordinary shares in Axia Corp, has seen the market value of his investment in the company fall by ZWL17.2 billion ($53.4 million) in the past 18 weeks, according to data collected by Billionaires.Africa.<\/p>\n

Axia Corp is a speciality retail and distribution company established in Zimbabwe whose operations are managed by three business units: TV Sales & Home, Transerv, and Distribution Group Africa.<\/p>\n

Koudounaris, a serial investor who holds a governance role in Axia Corp, controls a 20.86-per cent ownership in the Zimbabwe-based corporation, equal to 113 982 912 ordinary shares.<\/p>\n

The Zimbabwe Stock Exchange has been plagued recently by growing inflationary pressures, macroeconomic weakness, and the depreciation of the Zimbabwean dollar.<\/p>\n

Recently, Axia Corp shares plummeted from an all-time high of ZWL209.57 ($0.65) per share on April 27 to ZWL58.74 ($0.182) per share owing to extended selling actions and ballooning low momentum on the Zimbabwe Stock Exchange.<\/p>\n

The recent drop in the market value of his shareholding reduced his year-to-date gains to $8.4 million, down from $61.7 million on April 27.<\/p>\n

Despite the recent slump, Koudounaris still ranks as one of the richest investors on the Zimbabwe Stock Exchange thanks to the market value of his stake in Axia Corp.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Zimbabwean multimillionaire businessman Zinona \u2018Zed\u2019 Koudounaris has seen the market value of his stake in Harare-based Axia Corporation (Axia Corp) plummet recently. This was triggered by a continued fall of shares amid a heightened equity sell-off by investors. Koudounaris, who holds a total of 113 982 912 ordinary shares in Axia Corp, […]<\/p>\n","protected":false},"author":84,"featured_media":65399,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,11624,11625,11622,11626,19,11623],"class_list":["post-65400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-zimbabwe-2","tag-axia-corporation-axia-corp","tag-distribution-group-africa","tag-transerv","tag-tv-sales-home","tag-zimbabwe","tag-zinona-zed-koudounaris"],"yoast_head":"\nZimbabwean Businessman Loses Over US$53 Million In 18 Weeks From Stake In Axia Corp - zimbabwe<\/title>\n<meta name=\"description\" content=\"Zimbabwean multimillionaire businessman Zinona \u2018Zed\u2019 Koudounaris has seen the market value of his stake in Harare-based ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zimbabwean Businessman Loses Over US$53 Million In 18 Weeks From Stake In Axia Corp\" \/>\n<meta property=\"og:description\" content=\"Zimbabwean multimillionaire businessman Zinona \u2018Zed\u2019 Koudounaris has seen the market value of his stake in Harare-based ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-01T17:00:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-01T19:27:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_10.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"402\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Zimbabwean Businessman Loses Over US$53 Million In 18 Weeks From Stake In Axia Corp\",\"datePublished\":\"2022-09-01T17:00:52+00:00\",\"dateModified\":\"2022-09-01T19:27:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp\"},\"wordCount\":259,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_10.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Axia Corporation (Axia Corp)\",\"Distribution Group Africa\",\"Transerv\",\"TV Sales & Home\",\"Zimbabwe\",\"Zinona \u2018Zed\u2019 Koudounaris\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp\",\"name\":\"Zimbabwean Businessman Loses Over US$53 Million In 18 Weeks From Stake In Axia Corp - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_10.jpg\",\"datePublished\":\"2022-09-01T17:00:52+00:00\",\"dateModified\":\"2022-09-01T19:27:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Zimbabwean multimillionaire businessman Zinona \u2018Zed\u2019 Koudounaris has seen the market value of his stake in Harare-based ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_10.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_10.jpg\",\"width\":720,\"height\":402,\"caption\":\"Zimbabwean Businessman Loses Over US$53 Million In 18 Weeks From Stake In Axia Corp\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Zimbabwean Businessman Loses Over US$53 Million In 18 Weeks From Stake In Axia Corp\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Zimbabwean Businessman Loses Over US$53 Million In 18 Weeks From Stake In Axia Corp - zimbabwe","description":"Zimbabwean multimillionaire businessman Zinona \u2018Zed\u2019 Koudounaris has seen the market value of his stake in Harare-based ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp","og_locale":"en_US","og_type":"article","og_title":"Zimbabwean Businessman Loses Over US$53 Million In 18 Weeks From Stake In Axia Corp","og_description":"Zimbabwean multimillionaire businessman Zinona \u2018Zed\u2019 Koudounaris has seen the market value of his stake in Harare-based ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp","og_site_name":"zimbabwe","article_published_time":"2022-09-01T17:00:52+00:00","article_modified_time":"2022-09-01T19:27:45+00:00","og_image":[{"width":720,"height":402,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_10.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Zimbabwean Businessman Loses Over US$53 Million In 18 Weeks From Stake In Axia Corp","datePublished":"2022-09-01T17:00:52+00:00","dateModified":"2022-09-01T19:27:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp"},"wordCount":259,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_10.jpg","keywords":["Africa Press","Africa Press-Zimbabwe","Axia Corporation (Axia Corp)","Distribution Group Africa","Transerv","TV Sales & Home","Zimbabwe","Zinona \u2018Zed\u2019 Koudounaris"],"articleSection":["all news","Economy","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp","name":"Zimbabwean Businessman Loses Over US$53 Million In 18 Weeks From Stake In Axia Corp - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_10.jpg","datePublished":"2022-09-01T17:00:52+00:00","dateModified":"2022-09-01T19:27:45+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Zimbabwean multimillionaire businessman Zinona \u2018Zed\u2019 Koudounaris has seen the market value of his stake in Harare-based ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_10.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/09\/postQueueImg_10.jpg","width":720,"height":402,"caption":"Zimbabwean Businessman Loses Over US$53 Million In 18 Weeks From Stake In Axia Corp"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zimbabwean-businessman-loses-over-us53-million-in-18-weeks-from-stake-in-axia-corp#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"Zimbabwean Businessman Loses Over US$53 Million In 18 Weeks From Stake In Axia Corp"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/65400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/comments?post=65400"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/65400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media\/65399"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media?parent=65400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/categories?post=65400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/tags?post=65400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}