Treasury recalls erroneous statute

THE treasury has suspended implementation of statutory instrument (SI) 130A of 2022 made by President Emmerson Mnangagwa last month, due to some errors in the statute.
The decree, which was announced on the 27th of last month, was meant to enforce, among other things, the prohibition of third-party funding for trades on the Zimbabwe Stock Exchange (ZSE), prohibition of withdrawal of sell proceeds or client funds to third parties, as well as the prohibition of inter account movement of funds or purchasing power amongst clients of a stockbroking firm.