According to Chengetedzai Depository Company (CDC), Zimbabwe’s Capital Markets continue to advance through the digitalization of trading therefore the market keeps transforming and building to offer a wide variety of new products.
The CDC founder and former Chief executive Campbell Musiwa mentioned that the coming on board of CDC’s securities depository revolutionalised Zimbabwe’s capital market.
Mr Musiwa also mentioned that the Securities and Exchange Commission of Zimbabwe created a market environment that paved way for new innovations that are driving up capital market growth and resilience.
“One thing to single out is the issue of transactional costs which are really high, we are living in a global village and investors looking at investing in Zimbabwe will also compare with other SADC countries,” Musiwa said.
He also noted that if the transaction cost structures were reviewed, the market was on the right track as witnessed by the introduction of new products such as exchange-traded funds (ETF).
Meanwhile, according to the CDC CSD trading update for May 2022, a total of 494 accounts were opened in May 2022. Local investors accounted for 94.98% and foreign investors accounted for 5.02% of all accounts opened in May 2022.
