News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*"Confusing," As ZANU PF Endorse A Decision To “Eject Old Mutual From The Financial System”- Finance Expert* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?vi A local finance expert has described as confusing, the decision by ZANU PF politburo to endorse a decision to eject Old Mutual from the financial system as a measure to address the runaway inflation and illegal foreign currency trading. The endorsement to “eject Old Mutual” was announced on Friday by ZANU PF acting secretary for information, Patrick Chinamasa. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- In response to the development, Lloyd Mlotshwa, the head of equities at Harare-based IH Securities said the statement by the ruling party was so far confusing. He said: > When they say it is ejected, I’m not sure what he means. > I’m not sure it’s a delisting yet, at this point it’s a confusing statement. Sean Gammon, managing director of Harare-based Imara Edwards Securities, said Old Mutual shares may be suspended from trading on the Zimbabwe Stock Exchange (ZSE). Related to this, the Reserve Bank of Zimbabwe (RBZ) recently released a statement stating that Zimsitch was now the designated national payment switch adding that all mobile money payments would go through Zimswitch thereby making Ecocash and One money just wallets, Techzim interprets. More: NewZimbabwe _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback