The resumption came a day after ZSE chief executive Emmanuel Munyukwi sought the help of the new Finance Minister, Tendai Biti.
Traders said the bourse managed one session yesterday. “There were offers,” said a trader, adding that caution was evident because of the change of trading from the local currency to US dollars.
It was not clear if there was interest in the shares on offer.
The resumption of trade is further evidence of the speed at which Biti is trying to revive Zimbabwe’s comatose economy.
He has even considered adjusting the national budget announced last month, and has promised the new unity government will soon “turn around the economy.”
Biti said modalities had already been put in place.
Zimbabwe is also engaging South Africa over using the rand to boost foreign exchange liquidity, prime minister Morgan Tsvangirai said .
“I don’t want to pre-empt this, but we are really engaging the South Africans to make sure we can discuss using the rand to provide relief,” Tsvangirai said, in response to a statement by President Kgalema Motlanthe earlier this month .
“We are in an emergency situation, a fire-fighting situation. We are talking of an emergency plan.”
The South African Reserve Bank has said it has not been formally approached about the proposal.
Namibia, Swaziland and Lesotho use the rand alongside their own currencies, but Reserve Bank Governor Tito Mboweni has in the past ruled out a formal arrangement with Zimbabwe.Article Resource:http://www.thetimes.co.za/News/Article.aspx?id=943361
