{"id":36671,"date":"2021-03-15T19:34:28","date_gmt":"2021-03-15T17:34:28","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=36671"},"modified":"2021-03-15T19:15:39","modified_gmt":"2021-03-15T17:15:39","slug":"mthuli-extends-suspension-of-old-mutual-ppc-stock-fungibility-by-12-months","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/mthuli-extends-suspension-of-old-mutual-ppc-stock-fungibility-by-12-months","title":{"rendered":"Mthuli Extends Suspension Of Old Mutual, PPC Stock Fungibility By 12 Months"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>Finance and Economic Development Minister Mthuli Ncube has extended a suspension of the fungibility of Old Mutual and PPC Limited stock for another year.<\/p>\n

Minister Ncube said the government was still considering the implications of an audit report.<\/p>\n

The government last March banned the movement of PPC and Old Mutual shares across borders claiming that this fueled currency speculation.<\/p>\n

Ncube\u2019s directive was issued on 12 March 2021 under General Notice 371A of 2021, titled \u201cExchange Control (Suspension of Fungibility of Certain Shares) Order 2021\u201d. It read in part:<\/p>\n

\u2026 the Government, having received the audit report, is still considering its implications: Now, THEREFORE, I, Hon. Professor M. Ncube, in my capacity as an exchange control authority under Part V (\u201cSecurities\u201d) of the Exchange Control Regulations, 1996 (Statutory Instrument 109 of 1996), hereby order the suspension, for a period of twelve months from the publication of this general notice ending on the 11th March 2022, of every authority, directive or order granted by any exchange control authority allowing the fungibility of shares of the following companies listed on the Zimbabwe Stock Exchange \u2013 (i) Old Mutual Limited; (ii) PPC Limited.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Finance and Economic Development Minister Mthuli Ncube has extended a suspension of the fungibility of Old Mutual and PPC Limited stock for another year. Minister Ncube said the government was still considering the implications of an audit report. The government last March banned the movement of PPC and Old Mutual shares across […]<\/p>\n","protected":false},"author":84,"featured_media":36670,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,807,3605,3604,19],"class_list":{"0":"post-36671","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-mthuli-ncube","14":"tag-old-mutual","15":"tag-ppc-limited","16":"tag-zimbabwe"},"yoast_head":"\nMthuli Extends Suspension Of Old Mutual, PPC Stock Fungibility By 12 Months - zimbabwe<\/title>\n<meta name=\"description\" content=\"Finance and Economic Development Minister Mthuli Ncube has extended a suspension of the fungibility of Old Mutual and PP ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-extends-suspension-of-old-mutual-ppc-stock-fungibility-by-12-months\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mthuli Extends Suspension Of Old Mutual, PPC Stock Fungibility By 12 Months\" \/>\n<meta property=\"og:description\" content=\"Finance and Economic Development Minister Mthuli Ncube has extended a suspension of the fungibility of Old Mutual and PP ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-extends-suspension-of-old-mutual-ppc-stock-fungibility-by-12-months\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-15T17:34:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-15T17:15:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/03\/img-604f961d28288.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"704\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-extends-suspension-of-old-mutual-ppc-stock-fungibility-by-12-months\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/mthuli-extends-suspension-of-old-mutual-ppc-stock-fungibility-by-12-months\",\"name\":\"Mthuli Extends Suspension Of Old Mutual, PPC Stock Fungibility By 12 Months - 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