ZSE to List Holding Company

Zim Now Reporter

The Zimbabwe Stock Exchange is set to enter a new era of structural reform and market visibility by listing its newly formed parent company—Zimbabwe Stock Exchange Holdings Limited following regulatory approval from the Securities and Exchange Commission of Zimbabwe.

The development follows the enactment of Statutory Instrument 49 of 2025, issued by Finance Minister Mthuli Ncube, which provides a legal framework allowing domestic exchanges to list themselves—bringing Zimbabwe in line with global capital market practices.

Under the new structure, ZSEHL will serve as the holding company for both the ZSE and the Victoria Falls Stock Exchange. While both exchanges will maintain their operational independence and existing regulatory licenses, they will now operate under a unified corporate and governance framework designed to enhance coordination and strategic growth.

“The Securities and Exchange Commission of Zimbabwe has approved the listing of Zimbabwe Stock Exchange Holdings Limited, subject to ZIMRA’s approval of the reconstruction scheme and a minimum shareholder base of 300 public investors,” said ZSE company secretary Lyndon Nkomo.

The ZSE said the transition to a holding company model will consolidate governance functions, eliminate fragmentation, and align the local exchange with evolving global capital market standards.

“This reorganisation creates a listable vehicle that opens doors to capital market innovation and enhances shareholder engagement,” the exchange said in a statement.

Once listed, ZSEHL will position Zimbabwe’s capital markets alongside global counterparts such as the Johannesburg Stock Exchange, London Stock Exchange, and New York Stock Exchange—all of which are publicly listed entities.

Analysts say the move is expected to deepen the local capital markets by enabling new product development, attracting cross-border listings—particularly under the AfCFTA framework—and broadening investor participation. It also signals Zimbabwe’s commitment to improving transparency and governance in its financial markets.

The new structure will foster stronger collaboration between ZSE and VFEX, paving the way for shared innovation, strategic alignment, and improved market efficiency.

The success of the self-listing plan now hinges on meeting two key regulatory thresholds: approval from the Zimbabwe Revenue Authority and achieving a minimum of 300 public shareholders.

If successful, the listing of ZSEHL will mark a significant milestone for Zimbabwe’s financial sector—transforming the exchange from a marketplace into both a trading platform and an investable corporate entity, ushering in a new chapter of market-driven governance and growth.