Investment advisory firm Imara Holdings Limited says that the introduction of bond notes has benefitted its asset management and stockbroking business in Zimbabwe in the half year ended October 31.
Government’s plans to introduce a token currency known as bond notes has sent investors scurring for cover in equities as they fear a loss of value in bank deposits.
Last month Imara reported that the situation had resulted in the rise of hard assets and equities purchases.
“Imara Zimbabwe has been a beneficiary of the proposed introduction of bond notes and resultant switch to equities, benefiting our Zimbabwe asset management and stockbroking business, ” the company said in a trading statement.
Imara is an independent, investment banking group with offices in Angola, Botswana, South Africa and the UK and associate offices in Malawi, Mauritius, Zambia and Zimbabwe.- The Source
Related articles:
Chinamasa quizzed over bond notes-insists that’s the best solution for Zimbabwe to recover
Mugabe seeks parliamentary approval for bond notes
Lawyers take Mugabe to court over bond notes
Zimbabwe says bond notes are an anti-money laundering tool
It’s not the bond notes- Zimbabweans just don’t trust the government and the banks
UK says it cannot interfere with Zimbabwe’s decision to introduce bond notes
Foreigners ditch Zimbabwe equities over bond notes
MDC-T says US dollar will disappear once Zimbabwe introduces bond notes
Bond notes spur fastest growth on Zimbabwe Stock Exchange in October
Chinamasa says Zimbabwe bond notes will only be released after publicity campaign
Mugabe clears way for bond notes
Plan to introduce bond notes fuels cash crisis
Zimbabweans seek safe haven in equities ahead of the introduction of bond notes
Bond notes coming as Mujuru case is thrown out
MDC-T calls on government not to introduce bond notes because they spell disaster
Zimbabwe bond notes only coming end of October
Zimbabweans march in protest over bond notes and unemployment
Bond notes could spark exodus of Zimbabweans to the diaspora warns development expert
Why Zimbabweans have to wait for bond notes until October
IMF to assess impact of introducing bond notes in Zimbabwe
UK says bond notes could be damaging to confidence in Zimbabwe economy
Zimbabwean company says “bond notes” are adding to uncertainty
Chinamasa says Zimbabwe will not be a “fishing pond” for US dollars
Zimbabwe hires German firm to print bond notes
Zimbabwe’s bumpy, costly road to a cashless future
The government’s hidden hand in Zimbabwe’s cash crisis
Chinotimba says give people bond coins if they do not like bond notes
Chinamasa tells Parliament that bond notes are above board
Zimbabwe says it needs bond notes because “we are feeding looters”
Zimbabwe scraps plans to convert export earnings into rand, euro
Tsvangirai calls emergency national executive meeting Thursday to decide way forward on bond notes
It’s a stimulus package- Mangudya says
Tsvangirai to convene his cabinet tomorrow to discuss proposed bond notes
Bond notes -a legal perspective
Zimbabwe stems illicit outflows
Cash shortages – the real causes and the wrong diagnosis
New bond notes-key questions answered
Mangudya full statement on the introduction of bond notes
Highlights of RBZ intervention on cash shortages
MDC says Mugabe is bringing back Zimbabwe dollar through the back door
Zimbabwe to introduce bond notes as cash shortages bite
(118 VIEWS)
This post was last modified on November 25, 2016 6:33 pm
The Zimbabwe Gold, ZiG, continued to firm against the United States dollar ending the week…
Zimbabwe will be issuing 7.5 kg of grain a month to each of the six…
The stability of Zimbabwe’s local currency, the Zimbabwe Gold (ZiG), is critical if the country…
More than half of Zimbabwe’s population will need food aid between this month and March…
Zimbabwe’s currency, the ZiG, kicked off the week on a positive note after firming to…
Twenty-five white Zimbabwean farmers who took their R2 billion land damages claim to the South…
