The fees have been reduced by four per cent from five per cent to one per cent with immediate effect.
Bart Mswaka, ZSE Vice Chairman, confirmed the new figure and said this meant that the ZSE was now among the cheapest investment vehicles in the world.
He admitted that the ZSE was very out-dated and behind other bourses such as LSE and the Johannesburg Securities Exchange (JSE). However, Mswaka revealed that ZSE Chairman, Emmanuel Munyukwi, was in Namibia discussing how Zimbabwe could electronify its trading from the poor levels right now to become a major punting nation.
Post published in: News