Zimbabwe: Govt, Stockbrokers Sign ZSE Demutualisation MoU

Finance and Economic Development Minister Patrick Chinamasa and stockbrokers yesterday signed a Memorandum of Understanding, which will pave way for the demutualisation of the Zimbabwe Stock Exchange.

Under the demutualisation structure, stockbrokers will hold 34 percent of the exchange post demutualisation from the current 68 percent while Government will hold 16 percent from the pre-demutualisation stake of 32 percent.

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