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Sunday, 29 July 2012

Compulsory listing for parastatals?

GRZ will require all parastatals to list on stock exchange(LuSE), in a move designed to "enhance capitalisation and afford Zambians a chance to own stock". In theory this could help invigorate the small equity market and bring greater transparency. But as we have seen with ZCCM-IH that wont necessarily lift the cover of darkness. Presumably those that can't list will die. Let us not forget the hapless Daily Mail &Times of Zambia are parastatals. Mr Chikwanda's statement is embedded below. 
Alexander Chikwanda - Listing on the Lusaka Stock Exchange July 2012

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