Zimbabwe’s diversified financial services group, Old Mutual and cement maker, PPC Limited, are in discussion with the government over sticking issues as the counters eye a listing on the Victoria Falls Stock Exchange (VFEX), the local bourse’s CEO has revealed.
Last year, the government suspended trading in three dual-listed counters Old Mutual, PPC Limited and Seed Co arguing that their stocks had become vehicles for repatriating investment out of the country, fuelling currency distortions and a spike in exchange rate.
It decreed that the counters have to delist from ZSE and join the VFEX.
Seed Co International is now listed on VFEX after delisting from the ZSE. Its fungibility was also restored.
ZSE Optimistic On Urgent Old Mutual, PPC Listing Resolution
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Insurers should learn from past experiences
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By Venilia Amorim2021-04-26T08:03:00+01:00
Steve Webb, partner at LCP and the UK’s former pensions minister, has published a report – The ski slope of doom - is this the most worrying chart in pensions? – which claims that the incomes of newly retired workers are set to fall at a much more dramatic rate in the coming decades than had previously been thought.
The report found that for those working in the private sector, the decline of traditional “final salary” type pensions is more rapid than previously thought and that the rise of new “pot of money” workplace pensions will take longer to make a real impact than previously assumed.