Zimbabwe’s breakneck inflation rate is slowing and that’s prompting signs of normalcy in the local stock market.
In the southern African nation’s topsy-turvy markets, stocks have proved a haven for investors seeking to preserve their wealth from inflation that reached 837% in July last year. As the pace of price increases moderates, investors are considering more conventional stock-picking factors -- such as valuations, according to John Legat, head of Zimbabwe’s oldest brokerage.
