Partner regional bourses, ZSE urged

THE Zimbabwe Stock Exchange (ZSE) should partner with regional bourses to reduce foreign investor flight, a leading securities firm has said.
This comes as foreign investment has remained subdued on the local stock exchange owing to government’s failure to enforce mechanisms for repatriation of funds outside the country. During the first half of 2020, foreigners sold equity worth $1 billion and bought shares valued at $387 million.

“Foreign investors have been struggling to repatriate their proceeds resulting in loss of enthusiasm for inbound cash-flows. Withstanding de-dollarisation, a clear cut ring-fencing policy deliberate on foreign investors can be a key enabler in curtailing continuous shrinkage of foreign participation on ZSE,” FBC Securitie