ZIMBABWE Stock Exchange-listed crocodile skins and meat processor, Padenga Holdings Limited, says it will sell 80 percent of its products to first tier markets that command a premium of close to 30 percent to increase earnings. A first tier market is a main market on which the equity of large companies is traded. Such a market offer better prices and high return. There is customarily a high level of regulation and supervision in such markets. Tiered Markets present a situation in which investors favour a group of securities over other, similar groups of securities. This results in the price of the first group (first tier) being higher than all other groups, sometimes significantly so. This may occur for a number…