The Victoria Falls Stock Exchange (VFEX) will be launched this Friday in the resort town and trading will commence the following Monday-the 26th of October 2020, the Zimbabwe Stock Exchange (ZSE)has said.
The VFEX -a subsidiary of the ZSE will become the country’s second stock exchange after the ZSE and will be denominated in foreign currency.
The Minister of Finance and Economic Development, Professor Mthuli Ncube will launch the bourse.
"The Victoria Falls Stock Exchange Limited ("VFEX") is pleased to advise stakeholders that it has been granted the approval to launch and commence trading of securities by the Securities and Exchange Commission of Zimbabwe (SECZ). The official opening of VFEX is scheduled for Friday 23 October 2020, at its new offices in Victoria Falls,"
"Trading, Depository services, Clearing and Settlement on VFEX will commence on Monday 26 October 2020," said ZSE.
According to the regulations, companies already listed on the ZSE with interest in the VFEX may only list up to 20 percent of their total capital on the US dollar bourse if its capital is raised offshore or from free funds.
The VFEX has registered the following as official market participants in the various categories:
Securities Dealers
ABC Stockbrokers (Pvt) Limited
Akribos Securities (Pvt) Limited
Bethel Equities (Pvt) Limited EFE Securities (Pvt) Limited FBC Securities (Pvt) Limited Fincent Securities (Pvt) Limited Inter-Horizon Securities (Pvt) Limited Imara Edwards Securities (Pvt) Limited Invictus Securities Zimbabwe (Pvt) Limited Lynton Edwards Stockbrokers (Pvt) Limited Mast Stockbrokers (Pvt) Limited MMC Capital (Pvt) Limited Morgan and Co (Pvt) Limited Old Mutual Securities (Pvt) Limited Platinum Securities (Pvt) Limited Remo Investment Brokers (Pvt) Limited Wealth Access Securities (Pvt) LimitedSponsors ABC Stockbrokers (Pvt) Limited Akribos Securities (Pvt) Limited Bethel Equities (Pvt) Limited EFE Securities (Pvt) Limited FBC Securities (Pvt) Limited Inter-Horizon Securities (Pvt) Limited Imara Edwards Securities (Pvt) Limited Invictus Securities Zimbabwe (Pvt) Limited Lynton Edwards Stockbrokers (Pvt) Limited MMC Capital (Pvt) Limited Morgan and Co (Pvt) Limited Platinum Securities (Pvt) Limited Wealth Access Securities (Pvt) LimitedSecurities Custodians CABS Custodial Services CBZ Custodial Services FBC Custodial Services Standard Chartered Custodial Services Stanbic Investor ServicesSecurities Transfer Secretaries Corpserve Registrars (Private) Limited First Transfer Secretaries (Private) Limited ZB Transfer Secretaries (Private) LimitedNon-member Institutions ABC Asset Management Akribos Wealth Managers Datvest Asset Management First Mutual Wealth Management Imara Asset Management Zimbabwe Old Mutual Investment Group Invesci Asset Management