South African giant makes big move in Zimbabwe

• Old Mutual's shares began trading on Zimbabwe's dollar-denominated stock exchange, the Victoria Falls Stock Exchange, at 76 US cents apiece.
• The listing was made possible after Old Mutual migrated its listing from the Zimbabwe Stock Exchange in 2020, following a currency rout that led to trading suspensions for cross-border companies.
• The listing is expected to attract interest from both local and international investors, with Old Mutual citing clearer valuation and lower foreign currency risk as key benefits.