Zimbabwe – should you be investing?
Zimbabwe’s political landscape has seemingly changed for the better after the resignation of President Robert Mugabe in November 2017. The interim president, Emmerson Mnangwaga, has come across as a more investor friendly leader than his predecessor. For one, the indigenisation policy of 51% local ownership for companies has been scrapped for all sectors except for diamond and platinum mining. Further to this, what it means to be ‘Zimbabwean’ has changed from being an indigenous Zimbabwean to being a citizen of Zimbabwe. The Reserve Bank of Zimbabwe (RBZ) has also created the Zimbabwe Portfolio Investment Fund which is aimed at facilitating repatriation of the sale proceeds and dividends of securities-related transactions to encourage new investors into the stock market.