The Zimbabwe Stock Exchange, or ZSE, is a small but dynamic African stock exchange. Since 1993 ZSE has been open to foreign investors.
The Zimbabwe Exchange is one of the most important equity exchanges in Africa and a major provider of services that ease the increasing of capital and the dealing of shares.
At present, ZSE is the second performer in the world's rising capital markets in excess of 75 enrolled companies.
History and Origin of the Zimbabwe Stock Exchange:
In 1896, the Pioneer Column arrived in Bulawayo and the first stock exchange in Zimbabwe was formed and functioned for about 6 years. During this period of time, two new stock exchanges were formed. One formed in Gwelo (Gweru) and a second in Umtali (Mutare). In 1896, the Mutare Exchange was formed and expanded on the success of local mining, but the authorities of this Exchange soon realized that there was a lack of extensive deposits in the area. So the activity of this Exchange deteriorated and was closed down in 1924. After the end of World War II, Alfred Mulock Bentley established a new exchange in Bulawayo that commenced trading in January 1946. Then in December 1951, a second floor was launched in Salisbury (Harare) and trading was done by telephone between the two centers.
In January 1974, The Zimbabwe Stock Exchange Act attained the statute book. The members of the Exchange then declined to trade as usual, and it became compulsory to bring into being a new exchange with passing of the legislation.
With the passing of the Act in 1974, The Zimbabwe Stock Exchange was formed. The ZSE is operated and regulated in conformity with this act and its amendments, incorporating 1996's Zimbabwe Stock Exchange Act : Chapter 24:18.
Market Indices:
At present, the Market Indices of Zimbabwe Stock Exchange include:
- The Zimbabwe Industrial Index
- Zimbabwe Mining Index
- Natfoods
market capitalization:
ZSE has approximately a dozen members and more than 65 listed securities. Major Companies listed in ZSM include:
- ABC Holdings Limited
- APEX Corporation of Zimbabwe Limited
- Barbican Holdings Limited
- Zimbabwe Alloys Limited
- Zimbabwe Reinsurance Company Limited
- Zimbabwe Newspapers (1980) Limited
- Meikles Africa Limited
- Murray & Roberts Limited
- British American Tobacco Zimbabwe Holdings -Limited
- Bindura Nickel Corporation Limited
top investors:
- African Distillers Limited
- Barclays Bank of Zimbabwe Limited
- BICC Cafca Limited
- Zimbabwe Financial Holdings Limited
- ZimnatLlion Insurance Company Limited
- Mhangura Copper Mines Limited
- Zimbabwe Sun Limited
- Medtech Holdings Limited
- ASTRA Holdings Limited
- Border Timbers Limited
Guidelines for Investment:
Stock market investments necessitate professional advice on stock selection and portfolio management, which investors can get from stockbrokers or fund and asset managers before investing in shares.
Location Details:
Zimbabwe Stock Exchange 4th Floor
No 101 Union Ave
Harare
Zimbabwe
Contact Details:
TEL: 263-4-736861 or 795255 or 252779 or 701096/7 or 701420FAX: 263-4- 729078 or 796255
Email: tmukadira@zse.co.zw fmadziva@zse.co.zw
