{"id":39811,"date":"2021-05-06T19:33:59","date_gmt":"2021-05-06T17:33:59","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=39811"},"modified":"2021-05-06T19:09:20","modified_gmt":"2021-05-06T17:09:20","slug":"signs-of-normalcy-as-zims-breakneck-inflation-rate-slows","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows","title":{"rendered":"Signs Of Normalcy As Zim\u2019s Breakneck Inflation Rate Slows"},"content":{"rendered":"

Africa-Press<\/a> – Zimbabwe<\/a>. <\/strong><\/span>Bloomberg<\/b> – ZIMBABWE\u2019S breakneck inflation rate is slowing and that\u2019s prompting signs of normalcy in the local stock market.<\/p>\n

In the southern African nation\u2019s topsy-turvy markets, stocks have proved a haven for investors seeking to preserve their wealth from inflation that reached 837% in July last year.<\/p>\n

As the pace of price increases moderates, investors are considering more conventional stock-picking factors \u2014 such as valuations, according to John Legat, head of Zimbabwe\u2019s oldest brokerage.<\/p>\n

\u201cLooking at US dollar valuations today, they remain low by historical standards, despite the fact that businesses are in far better shape generally than they were back in 2008\/2009,\u201d when the country experienced its worst bout of hyperinflation, said Legat, chief executive officer of Imara Asset Management Ltd.<\/p>\n

Zimbabwe\u2019s Treasury estimates economic growth of 7.4% this year, although that\u2019s far more optimistic than the International Monetary Fund\u2019s 3.1% forecast. Inflation slowed to 194% in April and Treasury sees it at 15% by year-end.<\/p>\n

\u201cFund managers began to buy equities not simply as an inflation hedge, but because valuations were too obvious on a fundamental basis,\u201d said Lloyd Mlotshwa, a trader at IH Securities in Harare. \u201cThis has been a catalyst for the market.\u201d<\/p>\n

Harare\u2019s all share index has jumped 75% this year, well short of 2020\u2019s inflation-fueled surge of more than 1 000%, and money managers are enjoying the relative calm, Mlotshwa said. \u201cOne of the biggest advantages of a stable inflation environment is very simply clarity \u2014 you now have the ability to identify value because the noise you\u2019re accustomed to is reduced.\u201d<\/p>\n

Legat sees further gains in store, partly because locals have few other options. \u201cThe stock market remains one of the few places where hard assets can be purchased in meaningful amounts using Zimbabwean dollars rather than U.S. dollars,\u201d he said in a recent note to clients.<\/p>\n

Foreigners, however, will not be driving the increase in the index, Legat said. They are net sellers, frustrated at the delays in receiving the hard-currency proceeds from disposing of stocks, which must be done through central bank foreign-exchange auctions. They would exit the market faster if they could, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Bloomberg – ZIMBABWE\u2019S breakneck inflation rate is slowing and that\u2019s prompting signs of normalcy in the local stock market. In the southern African nation\u2019s 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 […]<\/p>\n","protected":false},"author":84,"featured_media":39810,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[1493,2189,19],"class_list":["post-39811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nSigns Of Normalcy As Zim\u2019s Breakneck Inflation Rate Slows - zimbabwe<\/title>\n<meta name=\"description\" content=\"Bloomberg - ZIMBABWE\u2019S breakneck inflation rate is slowing and that\u2019s prompting signs of normalcy in the local st ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Signs Of Normalcy As Zim\u2019s Breakneck Inflation Rate Slows\" \/>\n<meta property=\"og:description\" content=\"Bloomberg - ZIMBABWE\u2019S breakneck inflation rate is slowing and that\u2019s prompting signs of normalcy in the local st ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-06T17:33:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/05\/img-6094229ba3d7f.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Signs Of Normalcy As Zim\u2019s Breakneck Inflation Rate Slows\",\"datePublished\":\"2021-05-06T17:33:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows\"},\"wordCount\":366,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/05\/img-6094229ba3d7f.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows\",\"name\":\"Signs Of Normalcy As Zim\u2019s Breakneck Inflation Rate Slows - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/05\/img-6094229ba3d7f.jpg\",\"datePublished\":\"2021-05-06T17:33:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Bloomberg - ZIMBABWE\u2019S breakneck inflation rate is slowing and that\u2019s prompting signs of normalcy in the local st ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/05\/img-6094229ba3d7f.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/05\/img-6094229ba3d7f.jpg\",\"width\":800,\"height\":533,\"caption\":\"Signs Of Normalcy As Zim\u2019s Breakneck Inflation Rate Slows\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Signs Of Normalcy As Zim\u2019s Breakneck Inflation Rate Slows\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Signs Of Normalcy As Zim\u2019s Breakneck Inflation Rate Slows - zimbabwe","description":"Bloomberg - ZIMBABWE\u2019S breakneck inflation rate is slowing and that\u2019s prompting signs of normalcy in the local st ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows","og_locale":"en_US","og_type":"article","og_title":"Signs Of Normalcy As Zim\u2019s Breakneck Inflation Rate Slows","og_description":"Bloomberg - ZIMBABWE\u2019S breakneck inflation rate is slowing and that\u2019s prompting signs of normalcy in the local st ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows","og_site_name":"zimbabwe","article_published_time":"2021-05-06T17:33:59+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/05\/img-6094229ba3d7f.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Signs Of Normalcy As Zim\u2019s Breakneck Inflation Rate Slows","datePublished":"2021-05-06T17:33:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows"},"wordCount":366,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/05\/img-6094229ba3d7f.jpg","keywords":["Africa Press","Africa Press-Zimbabwe","Zimbabwe"],"articleSection":["all news","Economy","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows","name":"Signs Of Normalcy As Zim\u2019s Breakneck Inflation Rate Slows - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/05\/img-6094229ba3d7f.jpg","datePublished":"2021-05-06T17:33:59+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Bloomberg - ZIMBABWE\u2019S breakneck inflation rate is slowing and that\u2019s prompting signs of normalcy in the local st ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/05\/img-6094229ba3d7f.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/05\/img-6094229ba3d7f.jpg","width":800,"height":533,"caption":"Signs Of Normalcy As Zim\u2019s Breakneck Inflation Rate Slows"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/signs-of-normalcy-as-zims-breakneck-inflation-rate-slows#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"Signs Of Normalcy As Zim\u2019s Breakneck Inflation Rate Slows"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/39811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/comments?post=39811"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/posts\/39811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media\/39810"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/media?parent=39811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/categories?post=39811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zimbabwe\/wp-json\/wp\/v2\/tags?post=39811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}