Zimbabwe’s key industrial index which peaked at 754 604 in August, and was down to 601 246 just before central bank governor Gideon Gono unveiled his monetary policy, had plunged to 401 542 at the end of the year as investors scrambled to cover their positions before Gono’s new policies came into effect on January 1.
Dawn Properties, whose share price has plunged by 77 percent since it was listed in August, says it is set to become the “partner of choice” in property investments and development.
By President Thabo Mbeki THE 2003 Commonwealth Heads of Government Meeting (CHOGM) opened in Abuja, Nigeria at the close of this past week.
The 2004 Budget focused mainly on implementing stabilisation policies designed to bring down inflation but was silent on monetary policy, leaving that to the new governor of the Reserve Bank, Gideon Gono.
Barbican Holdings, which anchored the worst performers on the Zimbabwe Stock Exchange for the first nine months of this year, has dropped out of the worst five.