The delisting of @OldMutualZW is in line with prudent practice to bring sanity to the exchange rate problem in this country. This is because they had become an accomplice to a criminal enterprise. They never distanced themselves or exhibit acts of absolving themselves.
Their Old Mutual Implied Rate (OMIR) was based on the London rate& they divided that allowing for fungibility so that you could trade anywhere around the world. This is another strategy in white monopoly capital which I have been on about.
Gvt has the powers to stabilise the economy through various state apparatus& that may happen if the current price distortions continue. Most companies like @InnscorAfrica are using an exchange rate of 100 yet the official rate is 68. This is an invitation for state involvement.
Currently we have been focused so much on killing black businesses which had been cushioning the economy. Now Sakunda is out& we have fuel shortages; GMAZ is out& we have maize meal shortages. The gap created will most likely be filled by White Monopoly Capital.
There could have been governance issues with Sakunda and GMAZ but the chosen resolution has created economic deficits which are hurting the public and the economy also.
