Harare — Zimbabwe’s finance minister Mthuli Ncube on Sunday issued a decree to stop the fungibility of shares belonging to dual-listed Old Mutual, PPC and Seed Co, which means shares from the three companies can no longer be traded abroad.

Until now investors would buy shares of dual-listed companies and trade them outside the country, but economists say the latest move is likely to result in more investors shunning the southern African country which is battling to attract capital...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now