Transaction costs slashed on Zimbabwe Stock Exchange
Zimbabwe’s 2010 budget includes slashing transaction costs on the Zimbabwe Stock Exchange (ZSE) by more than half, to 3.21% (buying 1.73%, selling 1.48%) from 7.5%, according to a local stockbroker.
New draft law for Zimbabwe capital markets and listings changes
The Securities Commission of Zimbabwe, which regulates the stock market, has drafted a statutory instrument outlining general rules for stakeholders in the stock market, reports the Zimbabwe Independent newspaper. The draft could end the monopoly of the Zimbabwe Stock Exchange (ZSE), and open the way for new markets to operate. A bond exchange could also […]
Zimbabwe Stock Exchange to demutualize
The process of demutualizing the Zimbabwe Stock Exchange has begun, according to Chief Executive Emmanuel Munyukwi, quoted in The Herald local newspaper. By selling shares in the exchange, the ZSE would hope to raise finance for its activities, including a long-delayed US$2.5 million computerization and electronic trading and settlement project. According to the report, Munyukwi […]