A Guide To Investing On The Zimbabwe Stock Exchange
ZSE Investment GuideA GUIDE TO INVESTINGON THE ZIMBABWE STOCKEXCHANGEZSE Investment Guide
ZSE Investment GuideAll publications of the ZSE are, unless otherwise specifically stated, intended for informationalpurposes only. All prospective investors should carefully consider their financial situation andconsult financial advisor(s) in order to understand the risks involved and ensure the suitabilityof their situation prior to making any investment decision.1. IntroductionSo you have been wondering how you can invest on the stock exchange – below is asimple guide on how you can invest on the ZSE.1. Check Financial StatusAnalyze your investment objectives, your income sources,constraints and risk tolerance. Ask yourself whether you arefinancially ready to invest in the stock market. Stock marketinvestment is risky in that you could lose all the investedcapital.2. Open a Trading Account*Practically more than one account is required for youto invest in the stock market. Bundled under theterm “trading account” comprises the following: A stockbroking trading account (with any of thecurrent 18 stockbroking firms); A Central Securities Depository (“CSD”) (in thiscase,ChengetedzaiDepositoryCompany)account; and A custodial account (which could be provided byyour stockbroker if they offer Broker controlledaccounts or by one of the independent Custodycompanies.NB*– there are no charges to open a trading accountZSE Investment Guide
ZSE Investment Guide2.1 How do you open the trading account?You open a trading account by completing and signingaccount opening forms at your preferred stockbrokingfirm. The stockbroker will collect/capture all the KYCdocuments required.a)For individuals copy of ID (passport for foreign investors) proof of residence (utility bill within three month from date of processing in name ofaccount holder or accompanied by affidavit from lessor, if renting); and 2 passport size photos.b) For Companies/Trusts/Estates/NGOs registration certificate; list of directors/trustees (CR14 etc.) registered office details (CR6) directors/trustees' KYC (same as in Individuals)3. Deposit investment funds with your custodian orstockbroker*If your stockbroker acts as your custodian (brokercontrolled account) you deposit funds into yourstockbroker trust account and if you have anindependent custodian from your stockbroker youdeposit the funds into the custodian account.NB* - funds need to be deposited only when you intend to buy from the stock market.ZSE Investment Guide
ZSE Investment Guide4. Place orders with your stockbrokerOnce you have made a decision to buy or sell securities inthe stock market, you need to contact your stockbroker andconvey your desire emphasizing the type, quantity and limitprice (if any) of the securities to be transacted.Other information like the time period the order will be validis also required. You can ask your stockbroker for advicebefore placing an order.B. Tips on Investing1.Have basic knowledge of available stockmarket productsFind out what financial products are available in the market before investing. Thisinformation can be obtained from your stockbroker, the ZSE website or local financialpublications.2. Choose the right investmentsYou should be able to analyze each available product and make a determination as toits investment potential. If you are unable to analyze or make investment selection, it isrecommended that you seek assistance from your stockbroker or other professionalfinancial advisors.3. Be long term mindedStock market investment is for long term minded investors.Although short term gains and losses may be encountered,your investment decisions should be more long term focused.Being long term minded does not mean keeping a blind eye to profitable short termopportunities that may not be repeated or keeping a blind eye to risk warningparameters that may hamper the investment’s long term appeal.ZSE Investment Guide
ZSE Investment GuideB. Tips on Investing (Continued)4. DiversifyThe best way to minimize total risk is to diversify yourinvestments across various investment products and within asset classes.Diversification simply means investing in more than one security or more than oneasset class.5. Attend AGMs and company briefsYou should keep track of your investments and one wayto do this is to follow stock market publications andattending company functions such as AGMs andbriefings. That way you are kept informed of thedevelopments within a company or an industry ofinterest.6. Make use of regulatory authoritiesWhere you are not sure or unhappy about investment matters, do not hesitate tocontact the ZSE or the Securities and Exchange Commission of Zimbabwe (“SECZ”) forclarification or to lodge a complaint.ZSE Investment Guide
ZSE Investment GuideC. Transaction costs on the ZSEThe transaction costs levied on trading are currently as follows:1.Equities and ETFsBuyingSellingBrokers Commission0.92%0.92%VAT (14.5% of brokerage)0.1334%0.1334%CSD Levy0.10%0.10%Stamp Duty0.25%NilZSE Levy0.10%0.10%SECZ Levy0.16%0.16%Investor Protection Levy0.025%0.025%Capital Gains taxNil1%Total1.6884%2.4384%Grand Total4.1268%2. Debt SecuritiesBuyingSellingBrokers Commission0.065%0.065%VAT (14.5% of brokerage)0.009425%0.009425%CSD Levy0.01%0.01%ZSE Levy0.012%0.012%SECZ Levy0.01%0.01%Investor Protection Levy0.003%0.003%Total0.109425%0.109425%Grand Total0.21885%ZSE Investment Guide
D. ZSE MEMBERS/STOCKBROKERSThe following is the list of currently licensed stockbrokers/securitiesdealers*:StockbrokerContact DetailsABC Stockbrokers Physical: 1st Floor Heritage(Pvt) LimitedHouse, 67 Samora MachelAvenue, Harare, ZimbabweTel: 263 (24) 2703 071-9/2701906ZimbabweStockExchangeKey trading kribos Securities Physical: 62 Quorn Avenue,edmond@akriboscapital.com(Pvt) LimitedMount Pleasant, Harare,mashoko@akriboscapital.comZimbabweTel: 263 (24) 2301 422 / 2301 Website:www.akriboscapital.com201/3Bethel Equities(Pvt) LimitedPhysical: No 23 BoundaryRoad, Eastlea, HarareTel: 263 (24) 2776878,2776898SIP line: 263 (0) helequties.comWebsite:www.bethel-equities.comEFE Securities(Pvt) LimitedPhysical: 26 Cork Road,Belgravia, Harare, ZimbabweTel: 263 (24) 799 efesecurities.comFBC Securities(Pvt) LimitedPhysical: 2nd Floor, BankChambers, 76 Samora MachelAvenue, Harare, bc.co.zwrichard.mashava@fbc.co.zwCorner Jason Moyo and 12thAvenue, Bulawayo, Zimbabweenock.rukwara@fbc.co.zwTel: 263 (24) 79776078 /700312 /704627www.fbc.co.zw/stockbrokingWebsite:Dealing: 263 (24) 279775(29) 276079/263333Fincent Securities Physical: 8th Floor, ZB Life(Pvt) LimitedTower, 77 Jason Moyo Avenue,Harare, ZimbabweTel: 263 (24) ical Address44 RidgewayNorthHighlandsHarareTelephone: 263(24) w
D. ZSE MEMBERS/STOCKBROKERSThe following is the list of currently licensed stockbrokers/securitiesdealers*:StockbrokerContact DetailsKey trading contactsImara EdwardsSecurities (Pvt)LimitedPhysical: Block 2 TendesekaOffice Park, Samora MachelAvenue, Eastlea, Harare,thedias.kasaira@imaracapital.com4 Fanum House, LeopoldTakawira/Josiah Tongogara,Bulawayo, capital.coTel: 263 (24) 2790790/164/m888Website: www.imaracapital.com(29) 274554 /267368/2880747InterhorizonSecurities (Pvt)LimitedInvictusSecuritiesZimbabwe (Pvt)LimitedPhysical: 4 Fleetwood Road,Alexander Park, Harare, ZimbabweTel: 263 (24) g Desk: 263 (24)2745 879Website: www.ih-group.comPhysical: 37 Victoria Drive,Newlands, Harare, Zimbabweinfo@invictus-securities.comTel: 263 (24)2788257/8/2782770 ds Physical: 129 KwameStockbrokers (Pvt) Nkrumah Avenue, ngton@lynton-edwards.co.zwWebsite:Tel: 263 (24) 2796477/86MastPhysical: 52 JosiahStockbrokers (Pvt) Chinamano Avenue, omWebsite:Tel: 263 (24)2252893/2794091/2794096/ www.maststockbrokers.com2794135Physical Address44 RidgewayNorthHighlandsHarareTelephone: 263(24) w
D. ZSE MEMBERS/STOCKBROKERSStockbrokerContact DetailsMMC Capital (Pvt) Physical: 22 Arundel Road,LimitedAlexandra Park, Harare,ZimbabweTel: 263 (24) 2783069-71Key trading bsite:www.mmccapitalzim.comMorgan & Co (Pvt) Physical: Smatsatsa OfficeLimitedPark, First Floor Block D,Stand 10667, Borrowdale,Harare ebsite: www.morganzim.comTel: 263 (24) 2883994-8/ 263774706706 / 263783517517Old MutualSecurities (Pvt)LimitedPhysical: Fourth Floor CABS1st Street, Corner 1st/G.Silundika Avenue, Harare,ZimbabweTel: 263 (24) rporate/securitiesPlatinumSecurities (Pvt)LimitedPhysical: 23 Quorn Avenue,Mount Pleasant, Harare,ZimbabweTel: 263 (24) 2307736/2308157/2308153/08644122131-5Remo InvestmentBrokers (Pvt)LimitedPhysical: 14 Samora Machel Mimahmed35@gmail.comAvenue, Harareanota@remo.co.zwTel: 263 (24) 2798725john@remo.co.zwSouthern TrustSecurities : 18B Lonsdale Road, z.nyakudya@southerntrust.co.zAvondale, Harare, Zimbabwe wTel: 263 (24) 2702571-3, 263 772 515 862, 772 515865,Wealth AccessSecurities @southerntrust.co.zw 263 8677102378Website:www.southerntrust.co.zwPhysical: Suite 609 & 610trading@wealthaccess.co.zwNicoz House, 30 SamoraMachel, Harare, Zimbabwefidelis@wealthaccess.co.zwTel: 263 ss.co.zwsiso@wealthaccess.co.zwPhysical Address44 RidgewayNorthHighlandsHarareTelephone: 263(24) w
Stock Exchange Physical Address 44 Ridgeway North Highlands Harare Telephone: 263 (24) 2886830-5 E-mail: info@zse.co.zw Website: www.zse.co.zw Stockbroker Contact Details Key trading contacts ABC Stockbrokers (Pvt) Limited Physical: 1st Floor Heritage House, 67 Samora Machel Avenue, Harare, Zimbabwe Tel: 263 (24) 2703 071-9/ 2701906
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