ZSE Direct is taking the night off… For good reason, of course.
The Zimbabwe Stock Exchange (ZSE) closed off 2020 with the highest figures the exchange has posted in decade.
The ZSE has issued a circular that outlines the new KYC requirements for new registrations as well as existing ZSE Direct accounts.
Back in May, we exclusively reported that the Zimbabwe Stock Exchange (ZSE) was working towards introducing a platform where investors can buy and sell shares. ZSE is calling the service ZSE Direct and the website is now up! As indicated when we spoke to ZSE officials back in May, the design is indeed friendlier to […]
Zimbabwe Stock Exchange has issued an invitation for expression of interest to participate on the Victoria Falls Stock Exchange. The invitation they published reads; The Victoria Falls Stock Exchange Limited (“VFEX”), a wholly-owned subsidiary of the Zimbabwe Stock Exchange Limited, is currently awaiting licencing by the Securities and Exchange Commission of Zimbabwe and is calling […]
A new Statutory Instrument (SI) was effected into law a few days ago and the SI gives more detail regarding how the Victoria Falls Exchange (VFEX) will work. Granted that VFEX has been pitched as an offshore capital centre by the Ministry of Finance, one of the questions that came up was which currency would […]
PRESS STATEMENT CONCLUSION OF INVESTIGATIONS ON ACTIVITIES ON THE ZIMBABWE STOCK EXCHANGE Following the unprecedented speculative and destabilizing behaviour on the Zimbabwe Stock Exchange-(ZSE), which was in large part contributing to broader macro-economic instability, a decision was made to suspend trading on the ZSE in order to pave way for a thorough inquiry by the […]
Finance Minister has said ZSE is under probe and will only reopen after the Financial Intelligence Unit has completed their investigations which could take as many as two weeks. We are waiting for the conclusions of the investigations led by the Financial Intelligence Unit (FIU). They should be able to conclude within the next week […]
Over the past month, Zimbabwe Stock Exchange and mobile money platforms have come under scrutiny from the government. This scrutiny came to a head when the Permanent Secretary of the Ministry of Information announced a ban and temporary closure of both ZSE and mobile money in the country. All entities affected by the ban came […]
Zimbabwe Stock Exchange (ZSE) and mobile money platforms were the targets of the Ministry of Information’s ire on Friday night with the baffling announcement of a ban on both platforms. Whilst the ZSE had been quiet, the mobile money operators all dismissed the Ministry of Information’s and cited they were regulated by the Reserve Bank […]
When the government shared the budget for COVID-19 response – the Victoria Falls Securities Exchange (VFEX) was a part of that budget. At that time not much was explained beyond that this exchange was supposed to meant to attract offshore capital and that foreign companies invested in Zimbabwe will be able to seek listing on […]
Zimbabwe Stock Exchange (ZSE) has responded to concerns of listed companies citing COVID-19 as a hindrance to hosting Annual General Meetings (AGMs) & Extraordinary General Meetings (EGMs). The stock exchange has noted the companies’ concerns but urged that they host these meetings virtually and when they can even do so physically: The Zimbabwe Stock Exchange […]
Zimbabwe Stock Exchange is working on an online trading platform – think of C-Trade and you’ll have a good idea of what they have in mind. Their online trading platform will be available on the web (and eventually as a mobile application) is expected to launch in July. ZSE is launching this platform because in […]
Meikles Limited and Simbisa Brands which have a combined market valuation of ZW$3.48 billion both recently announced they would be deferring dividend payments to shareholders because of the Coronavirus outbreak. Meikles announced the negative news to shareholders on the 8th of March The Board of Directors of Meikles Limited would like to advise shareholders that […]
A number of local companies have taken steps to ensure the novel Coronavirus’ spread is minimized. ZOL, Telecel and Econet all announced they would either be working fewer hours or closing down shops – as part of prevention measures. Zimbabwe Stock Exchange has done the same and announced the following measures to curb the spread […]
The Zimbabwe Stock Exchange recently announced they are joining forces with the Harare Receivables Exchange “for the development of a receivables financing platform”. The platform will be targeting Micro, Small and Medium Enterprises (MSMEs) because the belief within the two organisations developing this platform is that the above group of businesses “continue to face challenges […]
The first time we wrote about the ZSE website back in 2013, we couldn’t help but admire how USEFUL the site was. Unfortunately, things took a turn for worse; the website was taken down and what came back in 2016 was a shell of its former self. It ceased to be useful and though it […]
Econet will be unbundling Cassava which was essentially the companies Fintech (financial technology) wing. This move will essentially make Cassava one of the biggest companies in Zimbabwe overnight as the company is responsible for products and services such as EcoCash, EcoSure, EcoFarmer, Ruzivo, Steward Bank and Muzinda hub among other companies. The Chief Executive of […]
What is the first thing you think of when you hear Stock Exchange? Is it the sound of a hundred men and women screaming and yelling in perfect football stadium supporter harmony? Is it the sight of papers getting shredded off notepads and pens vigorously etching letters and numbers on the surface of papyrus in the manner […]
Today at an event held at the Zimbabwe Stock Exchange Barclays Bank has announced that it is re-branding to First Capital Bank. The re-brand is not just exclusive to Zimbabwe but also in Botswana, Zambia and Mozambique. The re-brand has been announced as a co-branding of First Capital bank in association with Barclays Bank until […]
The ability to trade on Zimbabwe’s capital markets through digital channels is a great deal. Buying and selling of public company shares has just gone mainstream especially because this can be done using even the most basic of mobile phones without needing to access the internet. In Zimbabwe we call such phones tumbudzi in plural […]
We used a smartphone to go through the USSD registration on C Trade. Using a feature phone without a qwerty keyboard was too taxing, a colleague now hates me for asking that she goes through it. We also wanted to use screenshots so a smartphone was the only way. Please read the accompanying article that […]
Trading Of Shares On The Zimbabwe Stock Exchange Using Mobile Phones Is Almost Here, Are The Listed Companies Ready?
This morning we were gonna witness the launch of C-Trade, an online and mobile trading platform for Zimbabwe’s capital markets. Unfortunately, the launch has been postponed yet again. I am disappointed because the postponement was because the Guest of Honour is not available. Zimbabweans have a fascination with big launches, I am more for […]
By the end of this month, traders will be able to do online and mobile trading in securities listed on the Zimbabwe Stock Exchange and Financial Securities Exchange. The mobile trading platform will enable traders, both local and foreign to actively manage their portfolios even when they are away from a desktop/laptop. Mobile Trading is […]
This thought leadership article has been sponsored by Big Law Management Consultants, a company that manages investor relations for listed companies especially in the digital sphere. 403 is the total number of directors who sit on the boards of Zimbabwe Stock Exchange listed companies which shared the composition of their boards in their last annual […]
Zimbabwe Stock Exchange (ZSE) witnessed a tumbling of the volume of shares traded in the first quarter to 297 386 164 compared to a similar period last year. However, the value of shares traded for the first quarter surged by as much as 204% to $144 555 983 comparable to the first quarter of 2017. […]
The Zimbabwe Stock Exchange (ZSE) has refreshed its website. They have gone for a more modern design which is easier to navigate. Upon visiting the site, one is welcomed by four large tabs. The tabs are clearly labeled; Corporate Announcements, My ZSE (Analytics,) Daily Price Sheet and FAQS (Frequently Asked Questions.) The information provided once […]
The Zimbabwe Stock Exchange (ZSE) closed weaker ahead of the festive period last year as both the Mining and Industrial indices dropped. The year did not end well for the ZSE as their website was hacked as both the indices continued to drop points. The new year came with the announcement that the ZSE would […]
Apparently, the Zimbabwe Stock Exchange (ZSE) site has been hacked. We received a tip alerting us to this some minutes ago (two actually, one came as I was already writing this). Nonetheless, we’re not sure how long it’s been like that maybe because our own internal ‘Equities Analyst’ who faithfully checks on it every now […]
In what has been a bit of a roller-coaster, the Zimbabwe Stock Exchange (ZSE) Industrial index shed 1.36% yesterday mainly due to Econet’s losses. Since the transition of power from Mugabe to President Mnangagwa the ZSE market capitalisation has been seesawing around the $9 and $10 billion range. On Tuesday the 19th of December the […]