Zimbabwe Stock Exchange

Country
Zimbabwe
Number of listed companies
61
Domestic market capitalization
8,288
SSE Partner Exchange

Yes

Has annual sustainability report

No

Requires ESG reporting as a listing rule

No

Has written guidance on ESG reporting

No

Offers ESG related training

No

Has sustainability-related indices

No

Has sustainability bond listing segment

No

Has SME listing platform

No

Additional information
Organizational model of stock exchange
Public Limited Company
Regulatory model
  • The Zimbabwe Stock Exchange (ZSE) Act reached the statute book in January 1974. The members of the Exchange continued to trade as before. However for legal reasons, it became necessary to bring into being a new Exchange coincidental with the passing of the legislation.The present Exchange therefore dates back from the passing of the Act. In 2004, the Securities Act was promulgated to repeal the ZSE Act and became operational in September 2008. The Securities Commission of Zimbabwe is the capital market regulator and it became operational in October 2008 and is governed by commissioners appointed by the Minister of Finance with a tenure of four years. (source)
  • The Zimbabwe Stock Exchange serves three critical functions:
  1. Providing a link between companies that need funds to set up new businesses or to expand current operations and investors that have excess funds to invest in such companies
  2. Provide a regulated market place for buying and selling of shares at prices determined by supply and demand, not withstanding other macro economic fundamentals
  3. Provide a properly constituted and regulated environment that ensures market integrity and fairness among stock market participants. (source)
About the stock exchange
Location: Harare, Zimbabwe
  • The Zimbabwe Stock Exchange was founded in 1946. In 2009, Zimbabwe adopted the USD as its primary trading currency.
Ownership of Exchange (Shares >4% only) Share
Government of Zimbabwe 32%