Cassava suspended from trading on local bourse

BY KUDZAI KUWAZA
THE Zimbabwe Stock Exchange (ZSE) yesterday stopped Cassava Smartech Zimbabwe Limited from trading on the bourse after an application by the Securities and Exchange Commission of Zimbabwe for the diversified technology group to be suspended.

In a statement yesterday, ZSE chief executive Justin Bgoni said the application for Cassava’s suspension was as a result of the company’s failure to publish financial statements for the year ended February 28, 2021.

“The Zimbabwe Stock Exchange Limited (“ZSE”) notifies the investing public that trading in the securities of Cassava Smartech Zimbabwe Limited will be halted with effect from October 1, 2021,” Bgoni said.

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