Zimbabwe stock exchange up by over 300,000% in ‘07
dpaHARARE/JOHANNESBURG -- The Zimbabwe Stock Exchange (ZSE) grew by a record 322,111 percent in 2007, reports said Tuesday. By close of trade on Monday, the industrial index gained almost 4 percent to 1,911,538,281.84 points, although trading was mixed, the state-controlled Herald said. The mining index put on a record 20.83 percent to 2,363,257,849.25 points, the newspaper said. As annual inflation gathers pace — it is now estimated to have topped 24,000 percent - investors have been flocking to put their money in the ZSE.
January 2, 2008, 12:00 am TWN
With around 80 listed companies involved in activities such as manufacturing, agriculture, mining and retail, the ZSE provides investors with returns that are ahead of inflation.