The Zimbabwe Stock
OF THE ZSE
First ReNaissance Corporation Limited
Corporation of Zimbabwe Ltd.
Border Timbers Ltd
Zimbabwe Holdings Limited
Cairns Holdings Ltd
Holdings Ltd NA
Holdings Ltd NA
Bank of Zimbabwe
Holdings Ltd. http://www.generalbeltings.co.zw/
(Zimbabwe) Ltd http://www.murrob.co.za
Holdings Ltd. http://www.nmbz.co.zw
Holdings Ltd http://radarholdings.com/
Co Ltd http://www.seedco.co.zw/
Holdings Ltd http://www.ta-holdings.com/
Holdings Limited http://www.tedco.org/
Brick and Potteries
SYSTEM AND SETTLEMENT
ZSE uses a callover
system on the floor of the exchange. The ZSE currently conducts one
session daily between 10.00 am and noon. Trading reports are published
and circulated to broking houses, the investing public and the press.
of Index Calculation:
Base Value 100 = 19 February 2009
Zimbabwe Ltd and Stanbic Bank Zimbabwe Ltd offer full custodial
to residents and non-residents.
is no formal security lending in the market.
investors are dissatisfied,
they can complain to the ZSE and if still not satisfied can complain to
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
required for practicing members of the ZSE.
has the power to
intervene in the event that irregularities arise in the areas of
of licensed members, financial difficulties, rejection of applications
and/or termination of membership.
and monitors the trading process to ensure transparency in the market
to prevent manipulation of the market. All trades for listed securities
by Members of the ZSE are declared to the ZSE. Any unethical or
activities are dealt with within the framework of the rules and
governing stock market transactions in Zimbabwe.
participate on the bourse provided they bring in their capital through
normal banking channels. No prior exchange control approval is
for a foreign investor to participate on the Zimbabwe Stock Exchange.
dealers, acting on behalf on non-resident investors and FCDA holders,
funds for onward transmission to stock brokers for purchase of shares.
purchased on behalf
of the foreign investor are registered into either their own names or
names of nominee companies. The share certificates, once registered,
endorsed 'non-resident'. For dual quoted shares, a further endorsement
'For Sale Within Zimbabwe Only' is required.
maximum foreign investment
is limited to 10% per single investor and 40% collectively. Should a
investor exceed the 10% limit, the transfer secretary may not effect
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
days; any losses incurred will be for the investor's account. The
Stock Exchange is required to report the matter to the Reserve Bank.
dividends are deducted at source at the rate of 15%.
and capital is free. This is subject to proof that payment for any
was made with funds received through formal banking channels.
ZIMBABWE STOCK EXCHANGE
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
all applications for listing on the bourse.
of the Committee
on Listing Requirements
Committee of the
Zimbabwe Stock Exchange has the power
grant, review suspend
or terminate listings subject to the listings requirements.
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
prescribe from time
to time the minimum listings requirements with which a listed company
comply while a security issued by it remains listed.
suspend, alter or
rescind a listings requirement prescribed before or after a listing has
been granted and to prescribe additional listings requirements from
to time either by way of amendment to these listings requirements or by
way of the issue of practice notes; and
prescribe the circumstances
under which a listing of a security shall or may be suspended or
on the Zimbabwe Stock Exchange Listing Requirements please contact