Six companies have already exited - or are in the process of exiting - the Zimbabwe Stock Exchange this year, making this one of the toughest years on Harare’s main capital market. “The board of directors of Powerspeed are of the view that in the current environment in Zimbabwe, a listing on the Zimbabwe Stock Exchange has very little benefit and considerable costs,” Powerspeed directors said. “Powerspeed is a very illiquid stock and trading often does not represent a realistic valuation. It has since listed on the new Victoria Falls Stock Exchange (VFEX), which offers trading in US dollars. Falgold has scheduled an extraordinary general meeting where it will seek shareholder approval to terminate its ZSE listing.

Source: The Local November 28, 2020 14:37 UTC