Breaking News

Exhange control authority grants full fungibility to NMB shares

by Mafu Sithabile
29 January 2013 | 3106 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

Could there be war if Grace Mugabe becomes President?

Yes
75.5%
No
8.65%
Who cares?
15.85%
347

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

Zanu-PF official embroiled in sex scandal, including raping girl (9) -...

by Staff Reporter | 24 October 2014 | 1095 Views

No meaningful devolution without fiscal autonomy - The ZAPU devolution...

by Themba Mthethwa | 24 October 2014 | 615 Views

Open letter to Grace Mugabe - I AM sure you don't know me at all, bei...

by GP Ndlovu | 24 October 2014 | 5353 Views

Eziko Theatre Laboratory - WhatsApp update

by Byo Residents | 24 October 2014 | 1632 Views

'Mujuru's US ties behind fallout with Mugabe' - VICE-PRESIDENT Joice M...

by Staff reporter | 24 October 2014 | 6820 Views

Maid steals from dead employer - A MAID who had an affair with her la...

by Thubelihle Mabhena | 24 October 2014 | 4383 Views

'Joice Mujuru is corrupt and incompetent,' says Grace Mugabe - The Fir...

by Farirai Machivenyika and Felex Share | 24 October 2014 | 2864 Views

Makoni, leave Grace Mugabe alone - The First Lady is a natural pick by...

by Suitable Kajau | 24 October 2014 | 4174 Views

Man rapes donkey - A Tsholotsho teenager was arrested by after village...

by Staff Reporter | 24 October 2014 | 2966 Views

Prisoner admits to sodomising inmate - A 31 year old inmate at Khami M...

by Staff reporter | 24 October 2014 | 3357 Views

Sangoma (72) rapes minor - A 72 year old traditional healer allegedly ...

by Staff reporter | 24 October 2014 | 2637 Views

Tsvangirai faces eviction from Highlands' mansion - MDC-T leader Morga...

by Staff reporter | 24 October 2014 | 6004 Views

MDC factions headed for a clash - The two MDC formations that currentl...

by Staff reporter | 24 October 2014 | 3002 Views

'Mujuru's political future in Mugabe's hands' - Vice-President Joice M...

by Staff reporter | 24 October 2014 | 5209 Views

Grace Mugabe admits elevating Mujuru - First Lady Grace Mugabe yesterd...

by Staff reporter | 24 October 2014 | 2821 Views

Mugabe refuses to ditch Parly colonial bling - President Robert Mugabe...

by Staff reporter | 24 October 2014 | 2812 Views

Karikoga Kaseke sabotages Dr Grace Mugabe rally - Zimbabwe Tourism Aut...

by Staff reporter | 24 October 2014 | 4259 Views

Mujuru hit by phony cyber campaign - The Zanu-PF propaganda wars and m...

by Staff reporter | 24 October 2014 | 4044 Views

Zanu-PF's team Gamatox vs Team Zvipfukuto - Line-ups - As President R...

by Staff reporter | 24 October 2014 | 5927 Views

Robert Mugabe faces internal revolt - PRESIDENT Robert Mugabe is facin...

by Staff reporter | 24 October 2014 | 4635 Views

Grace Mugabe's War Vets speech - Video - https://www.youtube.com/wat...

by Staff Reporter | 24 October 2014 | 2650 Views

Victory and Going to Top Gears - Itai Dzamara - Victory and Going to T...

by Itai Dzamara | 24 October 2014 | 2576 Views

I salute you Cde Grace! - Dear Editor, I salute you cde Grace!I would ...

by Denford Madenyika (Denny) | 24 October 2014 | 3821 Views

Man in court for stealing friend's salary - A 26-year-old man stole hi...

by Staff Reporter | 24 October 2014 | 2709 Views

What did Grace Mugabe say to the War Vets? Word for word speech

by Staff Reporter | 24 October 2014 | 5058 Views

Mphoko distanced himself from land wrangle - ZIMBABWE'S former ambassa...

by Mashudu Netsianda | 24 October 2014 | 1608 Views

Crunch Zanu-PF Politburo meeting on today - THE crunch Zanu-PF Politbu...

by Staff reporter | 24 October 2014 | 2762 Views

EU hints on scrapping of sanctions against Zimbabwe - New British Amba...

by Lloyd Gumbo | 24 October 2014 | 1932 Views

'Mujuru owns 10% of Daily News,' says Grace Mugabe

by Staff reporter | 24 October 2014 | 4091 Views

Entertainment

Carl Joshua Ncube to star in game show - Comedian Carl Joshua Ncube wi...

by Staff reporter | 23 October 2014 | 825 Views

LadyBee Anondida - Official video

by Staff Reporter | 23 October 2014 | 1985 Views

Zim representative in the Big Brother Africa survives eviction - Zimba...

by Staff reporter | 20 October 2014 | 2816 Views

Grace Mugabe's political comedy takes ZTV hostage - For the past two w...

by Staff reporter | 20 October 2014 | 5215 Views

Oliver Mtukudzi to deliver lecture at Musica 2014 - Zimbabwe's interna...

by Staff reporter | 19 October 2014 | 1562 Views

Gezha maoko - Ladybee (Official Video)

by Staff Reporter | 19 October 2014 | 2731 Views

Matebeleland Music & Arts Festival - Sivala umnyaka ngengoma lapho sit...

by Staff Reporter | 17 October 2014 | 1814 Views

Obediah Matulana releases Christmas DVD - Bulawayo-based musician Obed...

by Staff reporter | 16 October 2014 | 2116 Views
iBlog

Protect Your Greatest Small Business Asset: Time

if your work week is way more than 40 hours, your smartphone is glued to your hand, and your to-do list is multiple pages of overdue tasks—you know how valuable every minute of your time is.your smartphone and tablet make doing business from anyw... Read More
Sergey 05 September 2014 ago

Auslogics Boostspeed 7 - More Powerful And User-friendly Than Ever

Auslogics boostspeed 7 - more powerful and user-friendly than ever!wondering how to fix slow computer performance? experts recommend auslogics boostspeed 7 - the most comprehensive system optimization software! auslogics boostspeed 7 is here!the bran... Read More
ITnews 26 August 2014 ago