As galloping inflation has ratcheted up tension, the Information Ministry permanent announced in a surprise statement late Friday the immediate suspension of trade on the ZSE and transfers on mobile money platforms that are key to retail trade.
He said government was in"possession of impeccable intelligence ... whereby mobile-based phone systems... are conspiring with the help of the Zimbabwe Stock Exchange -- either deliberately or inadvertently -- in illicit activities that are sabotaging the economy." Zimbabwe Stock Exchange chief executive Justin Bgoni then said"whilst we await guidance from our regulators on the operational modalities going forward, we notify out stakeholders that trading has been suspended until further notice".
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JSE opens to weaker Asian markets on MondayA rise in US Covid-19 cases continues to buffet sentiment, while Chinese data at the weekend was positive
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: eNCA - 🏆 49. / 51 Read more »