The suspension threatens to further erode much-needed business and investor confidence in the country.
Government spokesperson Nick Mangwana on Friday announced the immediate suspension of trade on the exchange, as part of efforts to stop the slide of the Zimbabwe dollar. The suspension of trade on the ZSE comes at a time when investor confidence is low in the country amid economic collapse. Kudzanai Sharara, a Harare-based independent financial analyst told TimesLIVE that the suspension would erode confidence.
Zimbabwe's annual inflation surged to 786% in May and prices of basic goods increase weekly as the value of the Zimbabwe dollar tumbles.
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