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Zimbabwe Stock Exchange
About The Zimbabwe Stock Exchange [ZSE] 
FUNCTIONS OF THE ZSE

http://www.webdev.co.zw


Africa First ReNaissance Corporation Limited


African Distillers Ltd

AICO Africa Limited

Apex Corporation of Zimbabwe Ltd.

Ariston Holdings Ltd

Astra Ltd

Bindura Nickel Corporation

Border Timbers Ltd


Cairns Holdings Ltd

CAPS Holdings Ltd

Celsys Ltd.
CFI Holdings Ltd NA
CFX Financial Services Ltd
Chemco Holdings Ltd NA
Colcom Holdings Ltd
Commercial Bank of Zimbabwe Ltd http://www.cbz.co.zw/  
David Whitehead Textiles Limited
Dawn Properties Limited http://www.dawnproperties.co.zw/ 
Delta Corporation Ltd. http://www.delta.co.zw
DZL Holdings Limited http://www.dairibord.co.zw
Econet Wireless Holdings
Falcon Gold Zimbabwe Ltd
FBC Holdings Limited http://www.firstbank.co.zw
GB Holdings Ltd. http://www.generalbeltings.co.zw/
Gulliver Consolidated Ltd http://www.gulliver.co.zw/
Hippo Valley Estates Ltd
Hunyani Holdings Ltd
Hwange Colliery Company Ltd http://www.hwangecolliery.co.zw
Innscor Africa Ltd
Interfresh Limited http://www.interfresh.co.zw/
Kingdom Meikles Africa Ltd http://www.meiklesafrica.co.zw
Mashonaland Holdings Ltd 
MedTech Holdings Limited
Murray & Roberts (Zimbabwe) Ltd http://www.murrob.co.za
National Foods Holdings Ltd
National Tyre Services Ltd
Nicoz Diamond http://www.nicozdiamond.co.zw
NMBZ Holdings Ltd. http://www.nmbz.co.zw 
OK Zimbabwe 
Pelhams Limited 
PG Industries (Zimbabwe) Ltd
Phoenix Consolidated Industries Limited
Pioneer Africa Corporation Limited. http://www.pioneerafrica.com/
Powerspeed Electrical Limited http://www.powerspeed.co.zw/
Radar Holdings Ltd http://radarholdings.com/  
Rainbow Tourism Group Ltd http://www.rtg.co.zw/  
RioZim Ltd http://www.riozim.co.zw/  
Seed Co Ltd http://www.seedco.co.zw/  
Star Africa Corporation Limited http://www.starafricacorporation.co.zw
Steelnet Ltd
TA Holdings Ltd http://www.ta-holdings.com/
TN Holdings Limited http://www.tedco.org/
Trans Zambezi Industries Ltd http://www.transzambezi.com
Truworths Ltd (Zimbabwe) http://www.truworths.co.za
TSL Limited http://www.tsl.co.zw/
Turnall Holdings http://www.turnall.co.zw/ 
Willdale Brick and Potteries Limited 
ZB Financial Holdings Limited http://www.zb.co.zw/ 
Zimbabwe Newspapers (1980) http://www.zimpapers.co.zw/ 
Zimnat Lion Insurance Ltd http://www.zimnatlion.co.zw/  
Zimplats Holdings Limited

Zimplow Ltd

ZimRe Holdings Limited 

TRADING SYSTEM AND SETTLEMENT
The ZSE uses a callover system on the floor of the exchange. The ZSE currently conducts one callover session daily between 10.00 am and noon. Trading reports are published and circulated to broking houses, the investing public and the press.
Basis of Index Calculation:
Capital weighted Index: Base Value 100 = 19 February 2009
Custodian:Barclays Bank Zimbabwe Ltd and Stanbic Bank Zimbabwe Ltd offer full custodial services to residents and non-residents.
Securities Lending:There is no formal security lending in the market.
COMPLAINTS PROCEDURE
If investors are dissatisfied, they can complain to the ZSE and if still not satisfied can complain to the SEC. 
MARKET REGULATION
The Zimbabwe Stock Exchange (ZSE) is supervised by the Securities Exchange Commission (SEC). SEC is a statutory body established in terms of the Securities Act. Members of the ZSE are licensed by SEC, which also determines the level of capitalization required for practicing members of the ZSE. 
SEC has the power to intervene in the event that irregularities arise in the areas of conduct of licensed members, financial difficulties, rejection of applications and/or termination of membership.
The Exchange supervises and monitors the trading process to ensure transparency in the market and to prevent manipulation of the market. All trades for listed securities by Members of the ZSE are declared to the ZSE. Any unethical or criminal activities are dealt with within the framework of the rules and regulations governing stock market transactions in Zimbabwe.
Regulation affecting foreign investors
Foreign investors can participate on the bourse provided they bring in their capital through normal banking channels. No prior exchange control approval is necessary for a foreign investor to participate on the Zimbabwe Stock Exchange. Authorized dealers, acting on behalf on non-resident investors and FCDA holders, receive funds for onward transmission to stock brokers for purchase of shares.
Shares purchased on behalf of the foreign investor are registered into either their own names or the names of nominee companies. The share certificates, once registered, are endorsed 'non-resident'. For dual quoted shares, a further endorsement 'For Sale Within Zimbabwe Only' is required. 
The maximum foreign investment is limited to 10% per single investor and 40% collectively. Should a foreign investor exceed the 10% limit, the transfer secretary may not effect registration and is obliged to report to the Zimbabwe Stock Exchange. The latter may issue a directive to the investor to sell the excess shares within sixty days; any losses incurred will be for the investor's account. The Zimbabwe Stock Exchange is required to report the matter to the Reserve Bank.
Withholding taxes on dividends are deducted at source at the rate of 15%.
Repatriation of income and capital is free. This is subject to proof that payment for any purchases was made with funds received through formal banking channels.
THE ZIMBABWE STOCK EXCHANGE COMMITTEE
The purpose of the committee is to enforce listing requirements on all listed companies, manage and control the affairs of the ZSE, settle disputes between members and examine all applications for listing on the bourse.
Authority of the Committee on Listing Requirements
The Committee of the Zimbabwe Stock Exchange has the power

To grant, review suspend or terminate listings subject to the listings requirements. 
To prescribe from time to time the minimum listings requirements with which an applicant shall comply before each security issued by such applicant is granted a listing 
To prescribe from time to time the minimum listings requirements with which a listed company shall comply while a security issued by it remains listed. 
To suspend, alter or rescind a listings requirement prescribed before or after a listing has been granted and to prescribe additional listings requirements from time to time either by way of amendment to these listings requirements or by way of the issue of practice notes; and 
To prescribe the circumstances under which a listing of a security shall or may be suspended or terminated 
For detailed information on the Zimbabwe Stock Exchange Listing Requirements please contact optima@yoafrica.co


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