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Sunday, July 13, 2008

East African - Errors Galore!

So the story is about 'small' firms being able to list on the Dar Stock Exchange...

However companies that wish to enlist through the enterprise growth market will have to have been in operation for three years, and will require a capital of $200,000 million as a precondition before being listed as opposed to the $500,000 million that is required for the main market segment on the DSE. But in case a company is operating as a subsidiary in Tanzania but is listed in country of origin, then it will be required to have at least immovable assets worth $500,000 million in Tanzania.

Well... unless they are talking Zimbabwean Dollars... and that would not make sense either...

So according to the East African... a 'small' business has to have capital of $200,000 million ($200 billion)... this would mean the firm would be an immediate entry into the top 500!

4 comments:

Chipongwe said...

In zimbabwe 500,000,000 is not enough to buy a second hand mango pip

odegle said...

shock of shocks to me is that Mugabe has supporters!

Chipongwe said...

listen Odegle you are not human I will maim your dog, beat your staff, rape your wife and will kill you if you do not support Mugabe

thats how he gets supporters - an excellent strategy that clearly has stood the test of time

coldtusker said...

Chip - Yes, that is what it is... after all it also happened in Kenya when dan moi & jomo kenyatta had huge crowds either paid or forced. Or curious.