Zimbabwe Stock Exchange

Zimbabwe Stock Exchange (ZSE) is a licensed securities exchange that has been operating since 1894. The core mandate of ZSE is to facilitate long-term capital raising through the listing of securities and offering secondary market securities trading and issuer regulation services. ZSE aims to be the premier African stock exchange with a reliable securities market and a best-of-breed trading platform. The company values reliability, integrity, quality, customer service, and innovation. ZSE operates under the regulation of the Securities and Exchange Commission of Zimbabwe (SECZ) and is a member of various organizations such as the African Securities Exchange Association (ASEA) and the United Nations’ Sustainable Stock Exchanges Initiative (SSE). The company offers a range of financial products and services including ordinary shares, preference shares, and fixed income instruments like debentures, notes, and bonds. ZSE also provides issuer and member regulation, investor education, and market data services. Its trading sessions operate from 09:00 to 15:00 (GMT+2) with a T+3 clearing and settlement. The main index is the ZSE All Share Index. Notably, the tax rates for ZSE transactions include 10% dividend withholding taxes for both domestic and foreign investors and a 1% capital gains tax on the sale side. The mode of trading is an Automated Trading System (ATS), indicating the company's commitment to adopting technological advancements in its operations. As the ZSE continues to evolve, it presents opportunities for long-term capital mobilization in the African financial market.