Old Mutual Limited has announced a significant shift in its Zimbabwean operations, confirming that its secondary listing on the Zimbabwe Stock Exchange (ZSE) will officially migrate to the Victoria Falls Stock Exchange (VFEX). This move is set to take effect with trading commencing on Wednesday, August 12, 2026.
The migration, approved by regulatory bodies, marks a strategic repositioning for the financial services giant within the Zimbabwean market. Shareholders have been informed that the initial trading price of Old Mutual ordinary shares on the VFEX will be determined independently by market forces, without the application of the usual trading price limits. Standard 20% daily trading limits will then apply from the second trading day onwards.
This development is expected to boost the VFEX’s profile as a growing financial hub and offers Old Mutual a platform to potentially attract foreign currency investment, aligning with the VFEX’s primary objective of facilitating foreign currency trading for listed entities. The announcement comes as part of broader efforts to strengthen and diversify Zimbabwe’s capital markets.
Key Players Involved
- Old Mutual Limited: Major financial services group initiating the listing migration.
- Zimbabwe Stock Exchange (ZSE): The current secondary listing platform.
- Victoria Falls Stock Exchange (VFEX): The new destination for Old Mutual’s secondary listing.
Event Timeline
- August 4, 2026: Old Mutual Limited officially announces the migration approval.
- August 12, 2026: Trading of Old Mutual shares is set to commence on the VFEX.
