Tuesday, May 04, 2010
Zimbabwe Stock Exchange Up Five Days in a Row
The American stock exchanges may not have been doing too well over the last few days; however, in Zimbabwe, former home of the $100 trillion dollar bill, the Zimbabwe Stock Exchange was up five days in a row. This was primarily due to the fact that the Indigenisation and Economic Empowerment Regulations are being reviewed. These regulations which were put in place earlier this year, put restrictions on foreign investments and would have required foreign owned companies to give up 51 percent equity to indigenous people.