SecZim mulls derivatives, REITS

SecZim mulls derivatives, REITS
Published: 16 March 2018
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 trusts (REITS).

Currently, the Zimbabwe Stock Exchange (ZSE) is the backbone of the country's capital market. But a general lack of diversity in securities has worked against long-term capital raising, especially in view of the underperformance of the local equities market.

Notwithstanding an unprecedented rally in 2017 on the back of economic uncertainty and an adverse liquidity situation, the ZSE has not performed well over the years. SecZim chief executive Tafadzwa Chinamo admits that the local capital market has been something of a one-trick pony.
- Business Weekly
Tags: SecZim,


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