Home PPC New itemizing of Outdated Mutual, PPC on ZSE anticipated quickly ⋆ Pindula...

New itemizing of Outdated Mutual, PPC on ZSE anticipated quickly ⋆ Pindula Information

The Chief Executive Officer (CEO) of the Zimbabwe Stock Exchange (ZSE) Justin Bgoni said Old Mutual and PPC are expected to be listed on the ZSE soon.

He made the remarks when addressing attendees for the 2021 edition of Zimbabwe Financial Markets Indaba.

The government banned the cross-border transport of PPC and Old Mutual stocks last year, claiming it fueled currency speculation.

Financial services giant Old Mutual and cement maker PPC, which traded in Zimbabwe and South Africa, along with agro-tech company SeedCo, which traded its shares on the Botswana Stock Exchange, were suspended and given the option to list on the Victoria Falls Stock Exchange started trading in October.

ZSE speaks barely two months after Minister of Finance and Economic Development Mthuli Ncube extended the fungibility suspension on Old Mutual and PPC Limited shares for another 12 months.

Pressure continues to mount on the government to close the matter as several fund managers lament over seven months since the stocks were suspended without concrete steps to make the stocks liquid.

The Insurance and Pension Commission recently added their vote on the matter that the suspension of Old Mutual and PPC stocks is affecting the asset.

Investopedia describes fungibility as the ability of a good or asset to be exchanged for other individual goods or assets of the same type. Fungible assets simplify the exchange and trading process as fungibility implies the same value between the assets. For example, certain grades of raw material, such as # 2 yellow corn, are fungible because regardless of where the corn is grown, all of the # 2 yellow corn is worth the same amount.

  1. Mthuli is extending the old mutual fungibility suspension of PPC stocks by 12 months
  2. Fungible Securities Old Mutual, PPC and Seed Co International will not be allowed to trade on ZSE if trading resumes next week – report
  3. “RBZ now has to deal with the old implicit mutual rate?” – OPINION
  4. Frequently asked questions: Old Mutual Implied Rate (OMIR)
  5. “Don’t Blame Young Men on 4th ST, Old Mutual The Culprit of Exchange Rate” – Mutsvangwa
  6. SeedCo International’s suspension lifted by ZSE

More: Pindula News; NewZimbabwe

Latest articles

web optimization encourages oblique investments | Monetary tribune

With the flood of new investors on the stock market in a relatively short space of time, the regulator has stepped up its efforts...

6 causes Maxime Bernier needs you to vote for PPC

This article is part of a Narcity series that highlights the key points you need to know about where Canada's political party leaders stand...

PPC candidate apologizes for being requested to kill Trudeau – in some way

It could be the most insincere excuse in political history. Popular Party candidate and pot-backer Mark Emery was beaten up on Twitter Monday night after...

The state of search engine optimisation 2021 [New Search Engine Journal Research]

Do you love dates? Are you looking for help to successfully steer your SEO strategy and career in the right direction for 2022?Then...