Zimbabwe media reports on birth deformities, demutualisation

via Zimbabwe media reports on birth deformities, demutualisation – tech – News – StarAfrica.com December 28, 2014

Top stories in Zimbabwe on Sunday included reports that the country’s main hospitals are experiencing an increasing number of cases of children born with deformities and the proposed reduction of the government’s stake in the stock exchange.According to the state-run Sunday Mail, the country’s hospitals are experiencing bizarre cases of children born with split abdomens, a rare condition known as gastroschisis.

The condition is a birth defect of the abdominal wall where a baby’s intestines stick outside the body near the belly button while in some cases other organs such as the stomach and the liver are outside the abdominal cavity.

“On average, we treat two or three cases per week,” said Bothwell Mbuwayesango, a surgeon at Harare Central Hospital.

State radio reported that the cabinet had approved a proposed reduction of the government’s stake in the Zimbabwe Stock Exchange (ZSE) that would pave the way for the demutualisation of the bourse by March 2015.

In terms of the plan, the government is expected to reduce its ZSE shareholding from 32 percent to 16 percent while stockbrokers would reduce their shareholding from 68 percent to 32 percent.

Under the demutualisation structure, the remaining 50 percent will be shared among private financial institutions and individuals.

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