TUESDAY, 6.00PM:
THE Zimbabwe Stock Exchange has introduced new listing requirements to bring local listing laws in line with the rest of the Southern Africa region in order to attract foreign investment to the local bourse.
ZSE Deputy Chief Executive Emmanuel Munyukwi said companies with operations in more than one country will now be able to list their operations on the ZSE, Pana reports.
Munyukwi said that on a local scale the new rules will improve communication between investors and companies, as companies will be required to disclose their financial status before they can raise capital on the market. On an international scale it is hoped the new regulations will be more attractive to foreign investors.
The ZSE has already sent a draft of the new regulations to companies, lawyers, accountants and stockbrokers for possible amendments, which will be incorporated in the final draft before the end of March.