Zimbabwe trading to resume, but Old Mutual and PPC stocks still suspended

MacDonald DzirutweHarare — Zimbabwe's stock market will resume trading next week after a state financial intelligence body concluded an investigation, but three stocks also listed on other exchanges, including Old Mutual, will remain suspended, finance minister Mthuli Ncube said on Tuesday.

The move, which included the suspension of some mobile phone-based payments, was intended to arrest the slide of the Zimbabwe dollar at a time of severe economic crisis but has spooked some investors already skittish about Zimbabwe. But there was no evidence that the companies, Old Mutual, PPC and SeedCo International, were involved, Ncube said.

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Old Mutual to Move Zimbabwe Listing as Currency War EscalatesOld Mutual Ltd. is poised to stop trading its shares on the Zimbabwe Stock Exchange, the latest step in the government’s efforts to bring order to its chaotic foreign-exchange market.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Old Mutual to Move Zimbabwe Listing as Currency War EscalatesOld Mutual Ltd. is poised to stop trading its shares on the Zimbabwe Stock Exchange, the latest step in the government’s efforts to bring order to its chaotic foreign-exchange market.
Source: dailymaverick - 🏆 3. / 84 Read more »