Govt examines ZSE listing proposal

Govt examines ZSE listing proposal
Published: 09 July 2014
The government is examining the proposed Zimbabwe Stock Exchange (ZSE) revised listing requirement plan aimed at facilitating transparency in the dealing of shares.

The revised listing requirement plan, which was submitted to government last month, is expected to result in the local bourse adjusting upwards capital thresholds for listed companies.

Officials at the local bourse confirmed that government, through other regulatory authorities, has notified the local market's board of directors that the proposed plan is being assessed in line with global market trends.

It is anticipated that the approval of the plan will enable the local bourse to implement a proposed quarterly release of financial results by listed companies.

The introduction of quarterly reports is aimed at protecting investors who require information to make effective investment decisions.

Another proposed factor under the revised listing requirement plan includes the need to ensure that all listed companies are given the mandate to convene analyst meetings as well as issue detailed cautionary statements.
- zbc
Tags: ZSE,


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