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Old Mutual Relists On ZSE After Moving Primary Listing To Johannesburg

Minister of Finance, Patrick Chinamasa, rings the bell to signal the re-listing of Old Mutual on ZSE. Old Mutual Group CEO, Mr. Jonas Mushosho (left), and ZSE Deputy Chairperson, Bart Mswaka (right), applauding.

 

Old Mutual has relisted on the Zimbabwe Stock Exchange (ZSE) after the company’s shares were briefly suspended from trading as it moved its primary listing from London to Johannesburg. In a statement Old Mutual Zimbabwe said,

The key difference between our previous listing as Old Mutual Plc in London and our primary listing as Old Mutual Ltd in Africa is that capital from our shareholders will be focused on African businesses and invested in growth opportunities present in African markets we operate in.

The primary listing is now on the Johannesburg Stock Exchange with secondary listings on the London, Malawi, Namibia and Zimbabwe stock exchanges.

Finance and Economic Planning Minister Patrick Chinamasa said,

The country’s development will be underpinned by both foreign and domestic investment in various economic sectors. We are glad Old Mutual is tangibly leading the way and showing that Zimbabwe is Open for business.

More: Chronicle

 

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