Breaking News

Exhange control authority grants full fungibility to NMB shares

by Mafu Sithabile
29 January 2013 | 3258 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

Is Itai Dzamara eyeing the US Green Card?

Yes
20.4%
No
73.9%
Not sure
5.7%
544

Comments

Live Debate

Any good reason why South Africa doesn't celebrate Africa Day?

by Ndou Paul | 2012 November 08 | 2718 Views

News Updates

Email:

Latest News

'Don't be a nation of drunkards,' says Mnangagwa

by Thobekile Zhou | 25 May 2015 | 5245 Views

She defied convention and broke the glass ceiling - Part 1 - My name i...

by Nomazulu Thata - taken from eBook: 'Sweetmother' | 25 May 2015 | 3201 Views

Mugabe faces jail over forged ID

by Staff Reporter | 25 May 2015 | 9935 Views

Mujuru's leadership capacity questioned - FORMER Vice-President Joice ...

by Staff reporter | 25 May 2015 | 4912 Views

Man catches wife pants down with another man, bites off lovers cheek -...

by Staff reporter | 25 May 2015 | 5945 Views

Jonathan Moyo must not pretend to be dull - Pretending to be dull is a...

by Gift Mambipiri | 25 May 2015 | 2909 Views

Woman attacks lover's target with a brick

by Staff reporter | 25 May 2015 | 2669 Views

Zimbabwe fights to claim Grace Mugabe's £4m villa - The cash-strapped...

by Peta Thornycroft - The Telegraph Group | 25 May 2015 | 5197 Views

Man 'begs' for sex with male gospel artist - Little known gospel arti...

by Staff Reporter | 25 May 2015 | 5217 Views

Mugabe's poison - President Mugabe has called on South Africans to dir...

by Zimvigil Co-ordinator | 25 May 2015 | 4391 Views

Principal molests 15-year-old female student

by Staff Reporter | 25 May 2015 | 3111 Views

Zimbabwean man selling aphrodisiac in the streets - Video - Zimbabwe...

by Staff reporter | 25 May 2015 | 2730 Views

Chicken Inn opens outlet in Gwanda

by Staff reporter | 25 May 2015 | 1689 Views

Moeletsi Mbeki's think tank could be a project of westerners - EDITOR...

by Chido Chikuni | 25 May 2015 | 1467 Views

MDC-T blast Jonathan Moyo over ZBC insolvency remarks - The MDC-T orga...

by Stephen Jakes | 25 May 2015 | 1604 Views

Africans must deal with Mugabe - Opposition Politicians have called fo...

by Stephen Jakes | 25 May 2015 | 1516 Views

Zimbabwe needs liberation not SA, Mugabe told - President Robert Mugab...

by Stephen Jakes | 25 May 2015 | 2631 Views

Zim serial robbers failed to challenge incriminating evidence in Botsw...

by Stephen Jakes | 25 May 2015 | 1459 Views

Chaos as Zimbabwe shops reject SA rands - There was reportedly chaos a...

by Stephen Jakes | 25 May 2015 | 5053 Views

Mugabe owes Kaukonde $30 million - PRESIDENT Robert Mugabe last Thursd...

by Staff reporter | 25 May 2015 | 3992 Views

Zanu-PF chairperson joins MDC-T - ZANU-PF Gokwe Town Centre chairperso...

by Staff reporter | 25 May 2015 | 3869 Views

Man fatally assaulted at a prayer confession session

by Nokusa Masuku | 25 May 2015 | 3084 Views

Welshman Ncube accuses West of sponsoring conflict

by Nduduzo Tshuma | 25 May 2015 | 2582 Views

Khaya Moyo questions Tsvangirai's sanity

by Nduduzo Tshuma | 25 May 2015 | 2469 Views

Mliswa accused of inciting hatred, tribalism and violence

by Stephen Jakes | 25 May 2015 | 2797 Views

Justice will not make me get my arms back- Botswana shooting victim - ...

by Stephen Jakes | 25 May 2015 | 1633 Views

Protesters bay for Langa's blood

by Stephen Jakes | 25 May 2015 | 2740 Views

Political development is more than the exit of Mugabe

by Tendai Kwari | 25 May 2015 | 1822 Views

Entertainment

ZTV blackout looms - ZIMBABWE will likely miss the June 17 Internation...

by Staff reporter | 25 May 2015 | 3168 Views

Bulawayo snubs Big Nuz - AFTER gathering strength to make the long tr...

by Kusile Madlela | 25 May 2015 | 2851 Views

Winky D face 10 year UK ban for fraud

by Staff Reporter | 24 May 2015 | 5141 Views

Ngibhace ezizweni - Unkown Artist - ...

by Staff Reporter | 23 May 2015 | 3849 Views

Zimbabwe linked Tinashe nominated for a BET award - TINASHE Jorgenson ...

by Staff reporter | 23 May 2015 | 2466 Views

Don Moen to perform at Prophet Magaya's crusade - American gospel mu...

by Staff reporter | 23 May 2015 | 2378 Views
iBlog

Obviously, Windows Xp Has Nothing More To Offer

With no support from the manufacturer, windows xp no longer receives antivirus updates, which provoked an increase in the number of attacks on xp users. according to avast company, windows xp systems are attacked 6 times more often than the devices r... Read More
Sergey 12 June 2014 ago

Is Pregnancy Putting Your Sexual Life On Pause?

it is often believed that once you become pregnant there is no way that you can have sexual intercourse until that baby is born, which results in placing a strong hold on different couples sex lives. in this article we are going to focus on how yo... Read More
adoniadennis 08 December 2014 ago