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Zimbabwe Annual Investor Forum: We have a plan for suspended Old Mutual, PPC counters – ZSE

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“We have been working with the regulator the Securities and Exchange Commission and we have a way forward. We hope that we will be able to reveal it in a month or two,” Bgoni said.

By Kudzai Kuwaza THE Zimbabwe Stock Exchange chief executive Justin Bgoni has revealed that there is a now a plan to solve the conundrum of the suspended Old Mutual and PPC counters from the local bourse.

Responding to a question over the suspended counters at the inaugural Investment Forum held by the Zimbabwe Independent and Piggy Bank Advisors, Bgoni said the bourse has held meetings and have come with a plan which they will announce within the next two months.

#WATCH 🟤We bring you #LIVE updates from the inaugural #Zimbabwe Annual Investor Forum where HE @edmnangagwa is expected to address ▶️Sustainable Long-term Investment Opportunities #ZimInvestment2022#MediaNDS1@MypiggybankC pic.twitter.com/TlvQWcyMnH

— Zimbabwe Independent (@Zimindependent) August 24, 2022

“We have been working with the regulator the Securities and Exchange Commission and we have a way forward. We hope that we will be able to reveal it in a month or two,” Bgoni said.

#tdi_2 .td-doubleSlider-2 .td-item1 { background: url(https://www.theindependent.co.zw/wp-content/uploads/2022/08/WhatsApp-Image-2022-08-24-at-12.14.45.jpeg) 0 0 no-repeat; } #tdi_2 .td-doubleSlider-2 .td-item2 { background: url(https://www.theindependent.co.zw/wp-content/uploads/2022/08/WhatsApp-Image-2022-08-24-at-12.14.41.jpeg) 0 0 no-repeat; } #tdi_2 .td-doubleSlider-2 .td-item3 { background: url(https://www.theindependent.co.zw/wp-content/uploads/2022/08/WhatsApp-Image-2022-08-24-at-12.14.47-1.jpeg) 0 0 no-repeat; } #tdi_2 .td-doubleSlider-2 .td-item4 { background: url(https://www.theindependent.co.zw/wp-content/uploads/2022/08/WhatsApp-Image-2022-08-24-at-12.14.47.jpeg) 0 0 no-repeat; } #tdi_2 .td-doubleSlider-2 .td-item5 { background: url(https://www.theindependent.co.zw/wp-content/uploads/2022/08/WhatsApp-Image-2022-08-24-at-12.14.46-1.jpeg) 0 0 no-repeat; } #tdi_2 .td-doubleSlider-2 .td-item6 { background: url(https://www.theindependent.co.zw/wp-content/uploads/2022/08/WhatsApp-Image-2022-08-24-at-12.14.46.jpeg) 0 0 no-repeat; } #tdi_2 .td-doubleSlider-2 .td-item7 { background: url(https://www.theindependent.co.zw/wp-content/uploads/2022/08/WhatsApp-Image-2022-08-24-at-12.14.45-1.jpeg) 0 0 no-repeat; } #tdi_2 .td-doubleSlider-2 .td-item8 { background: url(https://www.theindependent.co.zw/wp-content/uploads/2022/08/WhatsApp-Image-2022-08-24-at-12.14.44.jpeg) 0 0 no-repeat; } #tdi_2 .td-doubleSlider-2 .td-item9 { background: url(https://www.theindependent.co.zw/wp-content/uploads/2022/08/WhatsApp-Image-2022-08-24-at-12.14.43-2.jpeg) 0 0 no-repeat; } #tdi_2 .td-doubleSlider-2 .td-item10 { background: url(https://www.theindependent.co.zw/wp-content/uploads/2022/08/WhatsApp-Image-2022-08-24-at-12.14.43-1.jpeg) 0 0 no-repeat; } #tdi_2 .td-doubleSlider-2 .td-item11 { background: url(https://www.theindependent.co.zw/wp-content/uploads/2022/08/WhatsApp-Image-2022-08-24-at-12.14.43.jpeg) 0 0 no-repeat; } #tdi_2 .td-doubleSlider-2 .td-item12 { background: url(https://www.theindependent.co.zw/wp-content/uploads/2022/08/WhatsApp-Image-2022-08-24-at-12.14.42.jpeg) 0 0 no-repeat; } In Pictures: Scenes from the #Zimbabwe Annual Investor Forum 1 of 12

The suspension of the counters has resulted in the prejudicing of thousands of shareholders.

▶️Sustainable Long-term Investment Opportunities ‘We haven't had Foreign Direct Investment (FDI) coming since around 2015/16, because of the exchange rate, people worry that they are not going to able to take their money out’ – Justin Bgoni – @ZSE_ZW CEO pic.twitter.com/kWgqyZmXzx

— Zimbabwe Independent (@Zimindependent) August 24, 2022

More to follow…