ZSE 'worst performing African market'

Wednesday, October 13, 2010

HARARE - Zimbabwe Stock Exchange (ZSE) is the worst-performing African market due to the low returns that it delivers to investors, compared to other African markets, Amstel Securities says.

In an investment report, Amstel Securities said ZSE suffered a 7,5% drop and this compared unfavourably with other African markets such as Kenya and Uganda that have delivered returns of over 40%.

Amstel said the country needs to exploit its mineral resources in order to see growth.

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