CBZ to introduce a REIT

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ZIMBABWE’S largest financial services group, CBZ Holdings (CBZ), is planning to introduce a Real Estate Investment Trust (REIT), after the successful launch of its Exchange Traded Fund (ETF) last week.
REITs are companies that own or finance income-producing real estate, which have to meet a number of requirements, and offer a number of benefits to investors.

Speaking at the launch of the Datvest Modified Consumer Staples Index ETF in Harare last Thursday, board chairman Never Mhlanga said the asset management firm, which is a subsidiary of CBZ, has been working on a REIT.