Fungibility shares ban unlawful

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THE purported fungibility ban of Old Mutual (OM), PPC and SeedCo’s shares has neither legal basis nor economic rationality, as it violates rules governing dually-listed stocks, documents show. This comes as Zimbabwe’s chaotic policy-making regime — marked by knee-jerk interventions and somersaults — has wreaked havoc in the economy, as manifested by rising foreign currency…