{"id":8547,"date":"2013-08-06T07:14:54","date_gmt":"2013-08-06T07:14:54","guid":{"rendered":"http:\/\/praag.org\/?p=8547"},"modified":"2013-08-06T07:17:21","modified_gmt":"2013-08-06T07:17:21","slug":"8547","status":"publish","type":"post","link":"https:\/\/praag.org\/?p=8547","title":{"rendered":"Zim Stock Exchange falls on Mugabe win"},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"http:\/\/praag.org\/wp-content\/uploads\/2013\/08\/zimbeurs.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-8548\" alt=\"zimbeurs\" src=\"http:\/\/praag.org\/wp-content\/uploads\/2013\/08\/zimbeurs-300x225.jpg\" width=\"300\" height=\"225\" srcset=\"https:\/\/praag.org\/wp-content\/uploads\/2013\/08\/zimbeurs-300x225.jpg 300w, https:\/\/praag.org\/wp-content\/uploads\/2013\/08\/zimbeurs.jpg 450w\" sizes=\"auto, (max-width: 300px) 85vw, 300px\" \/><\/a>The Zimbabwe Stock Exchange&#8217;s top index fell 11 percent on Monday, the first day of trading after the results of disputed elections which enabled Robert Mugabe to extend his 33-year rule.<\/p>\n<div style=\"text-align: justify;\">Several foreign-owned stocks registered steep losses, with South Africa-based clothing chain Edgars and hotel group African Sun losing more than 25 percent.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Amid fears foreign banks could become the next target for Mugabe&#8217;s indigenisation efforts, Barclays local listing had fallen by 15 percent on Friday, but the fall was arrested in Monday trading.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">&#8220;This is indicative of the widespread concern that the election results are not going to inspire the anticipated economic recovery,&#8221; said Eric Bloch, an economist based in the second city of Bulawayo.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Zimbabwe&#8217;s electoral commission declared Mugabe winner with 61 percent of the vote while his long-time rival Morgan Tsvangirai garnered 34 percent.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Tsvangirai has dismissed the elections as a &#8220;farce&#8221;.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The elections were to end a shaky power-sharing government formed four years ago by Mugabe and Tsvangirai.<\/div>\n<p style=\"text-align: justify;\">The compromise government was meant to stop a tip into conflict following a bloody presidential run-off election in 2008 and revive the country&#8217;s economy but its work was hampered by frequent haggling and charges of rights abuses. &#8211; AFP<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Zimbabwe Stock Exchange&#8217;s top index fell 11 percent on Monday, the first day of trading after the results of disputed elections which enabled Robert Mugabe to extend his 33-year rule. Several foreign-owned stocks registered steep losses, with South Africa-based clothing chain Edgars and hotel group African Sun losing more than 25 percent. Amid fears &hellip; <a href=\"https:\/\/praag.org\/?p=8547\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Zim Stock Exchange falls on Mugabe win&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":8548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[522,179,180,4765],"class_list":["post-8547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-south-africa","tag-barclays","tag-robert-mugabe","tag-zimbabwe","tag-zimbabwe-stock-exchange"],"cc_featured_image_caption":{"caption_text":false,"source_text":false,"source_url":false},"jetpack_featured_media_url":"https:\/\/praag.org\/wp-content\/uploads\/2013\/08\/zimbeurs.jpg","_links":{"self":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/8547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8547"}],"version-history":[{"count":4,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/8547\/revisions"}],"predecessor-version":[{"id":8552,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/8547\/revisions\/8552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/media\/8548"}],"wp:attachment":[{"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}