Old Mutual is considering a proposal to allow investors in Zimbabwe to sell stock that was frozen in 2020 owing to currency crisis concerns. (Charles Gallo/Gallo Images)
Under the plan, Zimbabwean investors would get a one-time opportunity to sell the shares on Johannesburg’s stock exchange, according to Shelton Sibanda, chairman of the Fund Managers Association of Zimbabwe.
Authorities froze the shares in June 2020, complaining that trading in the South African insurer’s stock was contributing to a local currency crisis.
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