Old Mutual Debuts on VFEX on August 12

Old Mutual Zimbabwe will begin trading on the Victoria Falls Stock Exchange on August 12 after receiving approval to migrate its secondary listing from the ZSE, the Financial Gazette reported. The opening share price will be determined through market forces, reflecting investor demand and market conditions. The migration follows a trend of companies moving to VFEX for hard currency trading and tax incentives that attract foreign capital and boost liquidity. Old Mutual's dual listing structure had created arbitrage opportunities that complicated pricing and trading dynamics. The horizon now sees VFEX gaining a major blue-chip counter, but liquidity remains a concern for sustained trading. The exchange must attract more retail and institutional investors to sustain trading volumes and build market depth.