Irvine Sithole's Contact Details

Irvine Sithole's Company Details

Zimbabwe Stock Exchange

Harare, Harare Province, Zimbabwe • 34 Employees
Capital Markets

The Zimbabwe Stock Exchange Limited (‘ZSE') is a licensed securities exchange in terms of the Securities and Exchange Act (24:25). Its core mandate is to facilitate long term capital raising through listing of securities as well as offering secondary market securities trading and issuer regulation services. Dating back to 1894, the ZSE has evolved to be one of the longest established capital raising platforms in Africa.Our Vision• To be the premier African stock exchange, with a best of breed trading platform with a relevant suite of securities products.Our Mission• Zimbabwe Stock Exchange exists to mobilise long term capital and to provide an efficient and reliable securities market.Our Values• Reliability • Integrity • Quality • Customer Service • Innovation Market Regulator: Securities and Exchange Commission of Zimbabwe (SECZ)Founded: 1894Currency: US Dollar (USD)Clearing and Settlement: T+3Trading session hours: 09:00 – 15:00 (GMT+2)Main Index: ZSE All share indexTax Rates: Dividend withholding taxes 10% (domestic investors) 10% (foreign investors); Withholding tax on interest income 15%; capital gains taxes 1% on the sale side.Mode of Trading: Automated Trading System (ATS)The ZSE is a member of:• African Securities Exchange Association (ASEA)• Committee of SADC Stock Exchanges (CoSSE)• United Nations' Sustainable Stock Exchanges Initiative (SSE)Products and Services The ZSE facilitates the listing and trading of the following security types:• ordinary shares;• preference shares; and • fixed income instruments such as debentures, notes and bonds. The ZSE also performs the following services:• issuer regulation;• member regulation – trading and surveillance; • investor education; and• market data services – real time data, end of day and historical.