OLD MUTUAL Group says it will not pursue listing on the foreign currency-denominated Victoria Falls Stock Exchange due to the country’s anticipated switch to a ZiG-anchored mono-currency system at least by 2030.
Instead, the diversified financial services group, which remains suspended from the Zimbabwe Stock Exchange, says it will continue discussions with authorities to overturn its suspension from the primary exchange.
Zimbabwe is expected to remain under a multi-currency regime anchored by the US$ until 2030, although authorities say the goal is to transition into a fully blown mono-currency system under the ZiG.