Zimbabwe bourse resumes trading

HARARE: Trading resumed on the Zimbabwe stock exchange on Monday a month after it was ordered to halt business by authorities scrambling to protect the country's currency, the bourse chief said.

In a dramatic move on June 29, the government of the crises-plagued country dramatically shut the Zimbabwe Stock Exchange (ZSE) and restricted mobile money payments, alleging improper activities.

At the time, government claimed that mobile-phone money transfer systems were conspiring with the help of the ZSE "in illicit activities that are sabotaging the economy".

Trading opened on Monday but without some of the major stocks such as the international insurance giant Old Mutual.