Buy shares in zimbabwe

Buy shares in zimbabwe

Posted: alostulse Date: 26.06.2017

Maya Fisher-French 09 May Want to buy property or shares in Zimbabwe? Just bring along a bag of fertiliser or some cooking oil.

How to Invest on the Zimbabwe Stock Exchange - Investing in Africa -

Strategic imports include fertilisers, water treatment chemicals, grain, agricultural equipment, fuel, cement, cooking oil, salt, yeast, animal feed and drugs. It is a neat solution for a country that does not have the foreign exchange to pay for goods it needs. The mechanics of the system have not been revealed yet, but it will probably be managed by the state.

But will anyone want Zimbabwean assets as opposed to cold, hard-currency cash?

buy shares in zimbabwe

Some clever investors might jump at the opportunity. Roelfe Horne of Investec Asset Management says the reason for this is that shares are the only asset that will keep up with the hyperinflation in the country. Legat says the stock market has not lost value in US-dollar terms—quite an accomplishment considering that GDP has halved.

But returns are very erratic for foreigners because the Zimbabwean dollar is extremely volatile. The trick is first to buy shares in companies listed in both Zimbabwe and Forex trading demo uk Africa—for example, Old Mutual or PPC.

How to Invest on the Zimbabwe Stock Exchange - Investing in Africa -

German bund futures trading can buy the shares locally and send them to a broker in Zimbabwe who will sell them and buy a portfolio of local shares. There are low-risk Zimbabwean shares to be bought: A similar situation buy shares in zimbabwe in South Africa in the s, when Anglo American owned a bank and other companies not related to its core business.

So buying shares in a few of these major companies will give you a diversified exposure to the Zimbabwean economy.

When this fund was launched a year ago the take-up was so great it had to turn away new inflows within the first two weeks. Material may not be published or reproduced in any form without prior written permission. Create Account Lost Your Buy shares in zimbabwe Toggle navigation Toggle profile. Business How to invest in Zimbabwe Maya Fisher-French 09 May Low risk There are low-risk Zimbabwean shares to be bought: Displaced Congolese find unlikely refuge in Angola.

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