Old Mutual singled out as part of ‘instrument of economic sabotage’ in Zimbabwe – Wall Street Journal
Headlines about poverty, corruption and political uncertainty hide another side to the Zimbabwe financial picture: it has a vibrant investor class, with the stock market vitally important for individuals and funds aiming to take cover from triple-digit hyperinflation. The Zimbabwe government shut down the stock exchange in an effort to halt a financial crisis. South Africa's Old Mutual, which has listings in London and Harare, is a popular stock but is accused of contributing to the problems. The Zimbabwe government says Old Mutual has been serving as part of the "instrument of economic sabotage" that the stock exchange has become. – Editor.
Zimbabwe's plan to save its currency: shut down the stock exchange
By Gabriele Steinhauser in Johannesburg andÂ
 in Harare, ZimbabweJustin Bgoni, chief executive of the Zimbabwe Stock Exchange, received an unexpected call from a colleague last month: The government had decided to shut down the world's best performing stock market.
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