OLD Mutual Zimbabwe (OM) chief executive Sam Matsekete says engagements with the government over the suspension of trading of the financial services group’s shares on the Zimbabwe Stock Exchange (ZSE) are showing “promise”.
Fungibility of the OM’s shares on the ZSE was suspended in July 2019 — along with that of Seed Co International (Seed Co) and PPC’s — with the government claiming that speculation involving the counters was driving inflation.
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This was followed by an outright ban on the trading of the counters that remains in force for OM and PPC, which opted not to move to the Victoria Falls Stock Exchange (VFEX) with S
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