Articles tagged 'seczim'

SecZim to introduce online trading 15 June 2017 HARARE – The Securities and Exchange Commission of Zimbabwe (SecZim) is planning to introduce online trading and reporting of all securities transactions and investments across the entire capital markets in the country. SecZim chief executive Tafadzwa Chinamo said the initiative was aimed at p...
Zim bourse hits seven-year low 17 June 2016 HARARE - As the country's economy continues to die, the Zimbabwe Stock Exchange (ZSE) hit a seven-year low on Wednesday, as foreign investors flee the market as if it's infected with the deadly Ebola virus. Although the ZSE once ranked among the biggest and best performing bourses in Africa, i...
'Zim saving culture dead' 27 July 2014 HARARE - Zimbabweans must re-establish the saving culture and also practice trading on the stock market, the Securities Commission of Zimbabwe (SecZim) has urged. This comes as most Zimbabweans — earning way below the poverty datum line and consumer basket of around $588 per month — are faili...
'Stiffer penalties for corrupt execs' 18 July 2014 HARARE - Zimbabwe's capital markets regulator has called on government to amend the Companies Act and make provisions for stiffer penalties on corrupt and fraudulent executives. Willia Bonyongwe, the Securities Commission of Zimbabwe (SecZim) chairperson.
$23m unclaimed listed shares 30 April 2014 HARARE - The Securities and Exchange Commission of Zimbabwe (SecZim) says there are unclaimed shares in listed companies worth $22,8 million. This follows a directive by the capital markets regulator in 2012 to all stockbroking firms instructing them to register all securities into the names o...
ZSE automation to boost turnover 14 November 2013 HARARE - Automation of the Zimbabwe Stock Exchange (ZSE)'s trading system is expected to boost equities' daily turnover to more than $5 million, the Securities and Exchange Commission of Zimbabwe (SecZim) says. The local bourse's daily turnover — which is the value of shares traded per day — c...
'Share buy-backs exacerbate liquidity crisis' 12 November 2013 HARARE - Listed companies are opting for share buy-backs instead of recapitalising their businesses, further exacerbating the prevailing liquidity crunch, the Securities and Exchange Commission (SecZim) has said. This comes as most Zimbabwe Stock Exchange-listed firms have embarked on the sche...
ZSE to impose quarterly reporting 4 November 2013 HARARE - The Zimbabwe Stock Exchange (ZSE), in collaboration with the Securities Commission of Zimbabwe (SecZim), plans to introduce quarterly reporting as part of a set of new listing rules. Alban Chirume, ZSE's chief executive, said the bourse intended to impose the shorter reporting periods...
NatFoods in share buyback 23 October 2013 HARARE - Listed grain processor and miller National Foods Holdings Limited (NatFoods) plans to buy back at least 10 percent of its issued ordinary shares. The group will seek shareholders' approval at an annual general meeting to be held in November. Since 2009 most companies in Zimbabwe in...
SecZim bares teeth at corporates 5 September 2013 HARARE - The Securities Commission of Zimbabwe (SecZim) plans tighter regulation of listed companies by imposing laws demanding improved financial disclosure, curbing multiple directorships and limiting chief executives' terms. The capital markets regulator said it expects the new listing rule...
SecZim 'condemns' share buybacks 27 August 2013 HARARE - Equities market regulator, Securities Commission of Zimbabwe (SecZim), has condemned companies' share buybacks arguing the schemes were exacerbating the liquidity crisis and “keeping the Zimbabwe Stock Exchange (ZSE) obscure”. Tafadzwa Chinamo, SecZim chief executive, said share buyba...
SecZim loses Lifestyle battle 15 June 2013 HARARE - The Securities Commission of Zimbabwe (SecZim) has lost its bid to block Lifestyle Holdings Limited (Lifestyle) from delisting on the Zimbabwe Stock Exchange (ZSE). Yesterday the bourse approved the delisting of the furniture retailer from the local bourse. SecZim which had earlier indic...
SecZim cancels Renaissance, New Africa licences 13 March 2013 HARARE - The Securities Commission of Zimbabwe (SecZim) has cancelled Renaissance Securities (Renaissance) and New Africa Securities (New Africa) licences for failing to raise $150 000 minimum capital. Tafadzwa Chinamo, SecZim chief executive, said following the cancellation of its licence by the...
Brokers act on SecZim compliance 18 October 2012 HARARE - The Securities Commission of Zimbabwe (SecZim) says brokerage firms have started submitting their compliance plans with its directive to register all shares held by nominees under the owner s names. It s a process, it s not a one-day event .What we are doing is receiving their plans, Sec...