Zimbabwe: Reform or Die, Says Chinamasa

Finance and Economic Development Minister Patrick Chinamasa says poor corporate disclosures and failure by companies to embrace international best practices has made the Zimbabwe Stock Exchange (ZSE) less attractive as investors prefer regional bourses.

In a speech read on his behalf at the Securities and Exchange Commission of Zimbabwe shareholders and investors' forum last Friday, Minister Chinamasa said inherent issues that have been affecting the country's potential to attract investment also include poor corporate governance, lack of shareholder activism and unethical business practices.

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