Natural Resources 27 June 2022 Comment Where are we now? Uncertainty and fear seem to be the current sentiments ruling markets and driving huge volatility.
SHAME MAKOSHORI
The ZSE’s fungible titans were among the casualties of a terrifying crackdown on business by authorities, which dampened investor confidence and wiped $240 billion in potential revenue.
But the brief closure in June only amplified an already difficult crisis for the bourse.
Many firms had already embarked on plans to de-list and go private, saying it was no longer viable to maintain a listing.
Again, that was bad for a stock market that had been hit by a listing drought stretching over a decade, which triggered questions about the relevance of the ZSE in a rapidly shifting market place.