ZIMBABWE

SecZim licences VFEX

The Securities and Exchange Commission of Zimbabwe has licenced the Victoria Falls Stock Exchange paving way for its scheduled opening. The VFEX will become the country's second stock exchange as...

By Staff reporter | Published: 01 September 2020

ZIMBABWE

SecZim to audit fungible shares trading amid 'cheating' reports

The Securities and Exchange Commission of Zimbabwe says it will undertake an audit of all transaction inflows on dual listed shares that were consummated with effect from June 1, 2019. This comes amid...

By Staff reporter | Published: 12 March 2020

BUSINESS NEWS

SECZ suspends stockbroker over possible abuse of client securities

The Securities and Exchange Commission of Zimbabwe has suspended stockbroker Benson Gasura to pave way for investigations into possible non-compliance with the regulator's directive on nominee account...

By Staff reporter | Published: 11 October 2019

BUSINESS NEWS

SECZIM develops handbook on Anti-Money Laundering

In a bid to assist Securities Market Intermediaries (SMIs) in understanding their obligations in the fight against money laundering and terrorist financing in the securities sector, the Security and E...

By Staff reporter | Published: 23 September 2019

ZIMBABWE

Capital markets poised for growth in 2019

SecZim says it is optimistic that the capital markets will perform exceptionally well this year, despite economic headwinds. Zimbabwe is facing its economic crisis in a decade as shown by increasing f...

By Fin Gaz | Published: 07 February 2019

ZIMBABWE

SecZim to launch online system

An online system allowing ordinary people to buy shares on the Zimbabwe Stock Exchange (ZSE) is set to be launched on July 16.According to a notice issued by the Securities and Exchange Commission of ...

By Staff reporter | Published: 07 July 2018

ZIMBABWE

SecZim amends rules

THE capital markets regulator, the Securities Exchange Commission of Zimbabwe (SECZ), is amending its regulations to enhance investor protection.SECZ chief executive officer Tafadzwa Chinamo told The ...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

SecZim mulls derivatives, REITS

Capital markets regulator, the Securities Exchange Commission of Zimbabwe (SecZim) is working to diversify local securities trading through the introduction of derivatives and real estate investment t...

By Staff reporter | Published: 16 March 2018

ZIMBABWE

Capital markets regulator target retail investors

Capital markets regulator, the Securities Exchange Commission of Zimbabwe (SecZim), is targeting to attract more retail investors to participate in securities trading. SecZim chief executive Tafadzwa ...

By Staff reporter | Published: 01 February 2018

BUSINESS NEWS

Slow local bond market uptake worries SecZim

THE Securities and Exchange Commission (SecZim) says it is worried about the slow uptake of bonds listed on the local markets. Bonds are a debt security under which the issuer owes the holders a debt ...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

SecZ eyes diaspora

The Securities Exchange Commission of Zimbabwe (SECZ) has set its eyes on the diaspora as it accelerates its campaign to lure investors on the capital markets.The push to lure the diaspora will be aid...

By Staf reporter | Published: 13 September 2017

ZIMBABWE

'SECZ to oversee listed companies'

THE Securities Act is being amended to give the Securities Exchange Commission of Zimbabwe (SECZ) powers to regulate listed companies.SECZ chief executive officer, Tafadzwa Chinamo said it was an anom...

By Staff reporter | Published: 11 September 2017

INDUSTRIALS & ENERGY

SecZim warns Van Hoogstraten

SecZim has warned businessman Van Hoogstraten against violating market rules after his investment vehicle tabled an informal rival offer to CFI Holdings minorities.SecZim chief executive Tafadzwa Chin...

By Staff reporter | Published: 08 August 2017

INDUSTRIALS & ENERGY

SecZ piles pressure on Turnall over fraud charge

TURNALL Holdings is studying a complaint by LHG Malta Holdings Limited to regulators over possible contravention of the Securities and Exchange Commission of Zimbabwe (SECZ) Act and the validity of a ...

By Staff reporter | Published: 03 August 2017

ZIMBABWE

SECz applies for IOSCO membership

The Securities and Exchange Commission of Zimbabwe (SECz) has applied for Inter-national Organization of Securities Commission (IOSCO) membership to align local capital markets regulatory and supervis...

By Staff reporter | Published: 02 July 2014

FINANCIAL SERVICES

SECz calls on asset managers to act

Asset management companies in Zimbabwe are passive and often times neglect their role of raising alarm where listed companies make decisions which are not in the interest of investors, the Securities ...

By Business Reporter | Published: 12 March 2014

ZIMBABWE

SECz mulls new capital thresholds

The Securities and Exchange Commission of Zimbabwe is considering roping in investment managers' proposal for minimum capital thresholds to be determined by the risk carried by an institution.Accordin...

By Staff reporter | Published: 21 February 2014

FINANCIAL SERVICES

SECz to clamp down on asset managers

The Securities and Exchange Commission of Zimbabwe will this week begin an inspection exercise of asset management companies with a view towards ensuring compliance in presenting audited results. SEC...

By Staff reporter | Published: 03 February 2014

FINANCIAL SERVICES

New fees for asset management firms on cards

The Securities and Exchange Commission of Zimbabwe (SECZ) is planning to review the current minimum capital requirements for asset management firms, replacing them with a risk-based capital allocatio...

By Staff reporter | Published: 16 January 2014

ZIMBABWE

Probe on listed firms continues

INVESTIGATIONS into suspected cases of share price manipulation involving three listed counters are yet to be concluded amid indications that the net could close in on some fund managers, NewsDay rep...

By Staff reporter | Published: 16 January 2014

FINANCIAL SERVICES

'Collective Investment Schemes must regularise'

THE Securities and Exchange Commission of Zimbabwe (SECZIM) has called upon asset managers and Collective Investment Schemes to regularise their licensing with the body.This follows SECZIM's recent en...

By Staff reporter | Published: 11 December 2013

ZIMBABWE

SECZ appeals Renaissance Securities ruling

THE Securities and Exchange Commission of Zimbabwe intends to appeal to the Supreme Court against a High Court ruling dismissing its directive to stop the liquidator of Renaissance Securities from di...

By Business Reporter | Published: 21 November 2013

ZIMBABWE

Securities Commission changes name

THE Securities Commission of Zimbabwe (SECZ) will today change its name to the Securities and Exchange Commission of Zimbabwe and have expanded roles in line with the provisions of the Securities Ame...

By Staff reporter | Published: 06 November 2013

ZIMBABWE

'More scrutiny for listed companies needed,' says SECZ

THE Securities Commission of Zimbabwe says there is need for increased shareholder scrutiny of companies' activities to make directors accountable and protect shareholder interests.Secz has also raise...

By Staff reporter | Published: 09 October 2013

ZIMBABWE

SecZim calls for greater transparency

The Securities Commission of Zimbabwe (SecZim) says greater transparency and accountability in local companies is critical to increase investor confidence in the capital markets.  Regulatory auth...

By Staff reporter | Published: 07 October 2013
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