Breaking News

Exhange control authority grants full fungibility to NMB shares

by Mafu Sithabile
29 January 2013 | 3135 Views
The Zimbabwean Exchange Control Authority, in terms of Exchange Control Regulations, has granted full fungibility to 40% of the company's issued shares that are held by foreign investors.

The 40 percent limit on amount of shares that can be removed from the Zimbabwe register is simply meant to ensure that the local bank does not run dry of the stock.

Full fungibility means that NMBZ Holdings Limited's shares will trade interchangeably between the Zimbabwe Stock Exchange (ZSE) and the London Stock Exchange (LSE) where the company has a secondary listing, provided the offshore price is higher and there is no buyer on the local market.




In a statement, NMB Company Secretary, V Mutandwa, said "NMBZ Holdings Limited is pleased to announce to its shareholders that the Zimbabwean Exchange Control Authority, in terms of the Exchange Control Regulations, granted full fungibility to 40% of the Company's issued shares that are held by foreign investors."

Counters with full fungibility are Hwange Colliery Company Limited, Cafca, NMB Bank, Meikles Limited and PPC.

Fungibility NMB

Source: Byo24News

Should Mujuru skip the border and fax her resignation?

Yes
15.13%
No
82.5%
Tough choice
2.37%
1223

Comments

News Updates

Email:

Latest News

Mugabe bullies and bamboozles Mujuru faction into submission but can h...

by Wilbert Mukori | 23 November 2014 | 1110 Views

Politburo upholds votes of no confidence - The Zanu-PF Politburo ended...

by Staff reporter | 23 November 2014 | 1513 Views

Beitbridge road accident scene - Video - https://www.youtube.com/watch...

by Thomas Arnold | 23 November 2014 | 2128 Views

Dynamos vs How Mine and Caps United vs ZPC Kariba - live updates - Dyn...

by Sports reporter | 23 November 2014 | 5271 Views

Proof of same-sex love in the Bible - Most people often condemn homose...

by Cameron Modisane | 23 November 2014 | 2467 Views

Mugabe tightens grip, to anoint his successor

by Reuters | 23 November 2014 | 3243 Views

Tsvangirai humiliates Biti in South Africa

by Dr. Wangu Mazodze | 23 November 2014 | 5344 Views

Family to dig Meyiwa's grave

by NGWAKO MALATJI and NONKULULEKO KHUMALO | 23 November 2014 | 3022 Views

Questions to the People of Matebeleland

by Ndzimu-unami Emmanuel Moyo | 23 November 2014 | 1347 Views

Mugabe gets special award

by Lincoln Towindo | 23 November 2014 | 996 Views

Elsberry bus in fatal road accident - Photos

by Concerned Citizen | 23 November 2014 | 1938 Views

Mugabe confronts Mujuru loyalists

by Staff reporter | 23 November 2014 | 2540 Views

Temba Mliswa bounces back

by Staff reporter | 23 November 2014 | 3185 Views

Tendai Biti, Welshman Ncube's MDCs to officially sign unity accord

by Staff reporter | 23 November 2014 | 1317 Views

'Grace Mugabe derails gender movement'

by Staff reporter | 23 November 2014 | 1066 Views

Matambanadzo in near blows with Kwekwe mayor

by Staff reporter | 23 November 2014 | 1133 Views

How the Prophet Magaya's Kwekwe disaster unfolded

by Staff reporter | 23 November 2014 | 1081 Views

'New world order in Zanu-PF,' says Jabulani Sibanda

by Staff reporter | 23 November 2014 | 2276 Views

Zimbabwe death row inmates baptised - Fifteen condemned inmates were a...

by Staff reporter | 23 November 2014 | 922 Views

Famous 7 business people in plot to unseat Mugabe - Banker Nigel Chana...

by Staff reporter | 23 November 2014 | 5231 Views

Top Zimbabwean comedian accused of sexual assault

by Staff reporter | 23 November 2014 | 2299 Views

'Mugabe maybe stuck with Mujuru' - As the Zanu-PF enemies of embattled...

by Staff reporter | 23 November 2014 | 3949 Views

Mugabe - master of divide and rule tactics - President Robert Mugabe's...

by Staff reporter | 23 November 2014 | 1311 Views

'Stop Jonathan Moyo,' says Mutasa

by Staff reporter | 23 November 2014 | 3164 Views

'Nothing beats my magic panty!' says prostitute - A 30-year-old prosti...

by Staff reporter | 23 November 2014 | 2193 Views

Pastor allegedly asks women to undress on the shores of a beach - Soc...

by Sowetan LIVE | 23 November 2014 | 2513 Views

Bosso chief labels Mambare a mercenary for demanding his money - HIGHL...

by Sports reporter | 23 November 2014 | 1344 Views

'Cops turns into zombie after accepting bribe' - 43-year-old policeman...

by Staff reporter | 23 November 2014 | 2191 Views

'Grace Mugabe's hate speech poisoning children' - THE MDC-T party on F...

by Staff reporter | 23 November 2014 | 1611 Views

'Goche is a Rhodesian thief,' says Mutsvangwa - DEPUTY Foreign Affairs...

by Staff reporter | 23 November 2014 | 1770 Views

Entertainment

Zanu-PF youths release album - ZANU-PF youths in Nyanga have recorded ...

by Talent Simbi | 22 November 2014 | 1148 Views

Tuku tribute dinner postponed - With all the preparations at a very ad...

by Tuku Music | 21 November 2014 | 2218 Views

Promoters, bouncers clash

by Staff Reporter | 21 November 2014 | 1859 Views

Joy as Mthwakazi artists Unite - 5:03am, Nov 21 - ‪+27 7* *** ****: ...

by Paul Masuku | 21 November 2014 | 1339 Views

Mafikizolo billed for Zimbabwe show - South African music duo Mafikiz...

by Staff reporter | 21 November 2014 | 2455 Views

Miss Zimbabwe's bid for Miss World pageant doomed - Miss Zimbabwe Tend...

by Staff reporter | 20 November 2014 | 1923 Views

Victory for Alick Macheso

by Staff reporter | 20 November 2014 | 6040 Views

Vimbai a 'professional gold digger' - HOTSHOTS: Idris, Macky2 and JJ ...

by Staff reporter | 20 November 2014 | 5528 Views
iBlog

Time To Kiss Zimbabwe Goodbye Forever.

By israel dubethings fall apart at zanupf. brother turns against brother, sister betrays sister. the center cannot hold anymore. as the walls of oppression and discrimination collapse, matebeles must make sure that they do not find themselves lost i... Read More
myAfroTube 03 November 2014 ago

The Nsa Gets An Ok For Telephony Metadata Collection Yet Again

As much as we’d like to forget about the national security agency (nsa) and its mass surveillance program, it seems that there is no distracting ourselves from this unnerving reality.missing from the news for quite some time now, the issue has resu... Read More
SecNews 09 July 2014 ago