Harare Stock Exchange on cards

Harare Stock Exchange on cards
Published: 24 July 2013
THE post-election Zanu-PF Government plans to establish another securities trading bourse known as the Harare Stock Exchange with a separate platform for exclusive participation by indigenous investors and companies.

The Harare Stock Exchange will have under it an exclusive platform called IndigeNex for the exclusive participation by indigenous individuals and 100 percent indigenous firms to generate incomes and create employment.

This is outlined in that party's 2013 Election Manifesto running under the theme "Indigenise, Empower, Develop and Create Employment".

The plan would enable locals to acquire shares, companies and become owners of the means of material and value production in the mainstream economy.

Affirmative Action Group executive director Dr Davison Todson Gomo welcomed the plans Zanu-PF has for the next Government should it win the harmonised elections to be held next Wednesday. He said the idea was brilliant as it sought to retrace empowerment strategies Government should have embraced at independence from Britain in 1980.

Dr Gomo said he had nothing against the Zimbabwe Stock Exchange, but it tended to only address the interests of large foreign-owned companies and local conglomerates.

He said the system that the ZSE inherited in 1980 when Zimbabwe gained independence from Britain was defective, unsustainable and would remain like that. 
- herald
Tags: Stockexchange, ZSE,

Comments

Latest News

Latest Published Reports

Latest jobs