Omega Ukama 
THE Zimbabwe Stock Exchange (ZSE) was the best performing securities market in Africa during the first quarter of 2021 as high inflation in the southern African country drove demand for ‘real assets’.
The market gained 70,27 percent in ZWL$ terms and 64,99 percent in US$. Ghana Stock Exchange, the next best, gained 13,99 percent in local currency terms, and 15,73 percent in greenback.
The ZSE has over the past four years, persistently outpaced regional markets with the country’s inflation rising to a continent topping peak of 837,5 percent in July 2020.
Zimbabwe’s inflation has, however, subsided to 240 percent in March 2021. Still, only Sudan has worse figures on the continent at 331 percent.
Gains on the ZSE have also been falling with inflation.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
