Zimbabwe Ruling Party Reaffirms Decision To De-List Old Mutual From Stock Exchange

Zimbabwe Ruling Party Reaffirms Decision To De-List Old Mutual Zimbabwe’s ruling Zanu PF has reaffirmed its decision to have one of the country’s biggest financial services groups, Old Mutual Zimbabwe, de-listed from the local stock exchange. This comes after Old Mutual released a statement seeking clarification after President Emmerson Mnangagwa’s party announced that it had […]

Zimbabwe Suspends Fungibility Of Shares To Control Exchange

Zimbabwe Suspends Fungibility Of Shares Mthuli Ncube, Zimbabwe’s finance minister, suspends fungibility of shares  [Photographer: Cynthia R Matonhodze/Bloomberg] Minister of Finance and Economic Development Mthuli Ncube has suspended the fungibility of dual-listed shares in an effort to control Zimbabwe’s exchange rate which has been skyrocketing out of control of late. The suspension of the fungibility […]