Zimbabwe: Relocating ZSE to Ballantyne Park Wrong - MPs

Relocating the Zimbabwe Stock Exchange from the central business district is not logistically correct as it stifles the small investor's efforts to access capital markets. Chairman of the Parliamentary Portfolio on Budget and Finance Mr David Chapfika told The Herald Business yesterday that while big stock exchange players will always find their way out, relocating the exchange to Ballantyne Park will mean that small players will be excluded.

His comments came in the wake of news reports that ZSE will move this half of the year to a predominantly residential area in Ballantyne Park along Ridgeway North. A member of the parliamentary committee, Mr Eddie Cross, said it was important for ZSE to remain in the CBD considering its importance in the economy's matrix.

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