Fungibility

Full fungibility

Applies to companies whose primary listing is in Zimbabwe. The Reserve Bank of Zimbabwe, through its Exchange Control Department prescribes the minimum number of shares that should be maintained on the Zimbabwean share register at all times.

Foreign investors are allowed to buy the fungible portion of the shares in the company and transfer them to the secondary listing market’s share register.

Partial fungibility

Where the primary listing is not in Zimbabwe, shares can only be moved to the Zimbabwean register.

Subject to exchange control approval from the Reserve Bank of Zimbabwe, shares can be moved from the Zimbabwe register to a foreign investor where the transfer relates to capital-raising activities.

Board of Directors

Eve C. Gadzikwa – Board Chairperson
Qualifications: MBA (NTU UK), FIMLS (UK), Graduate Diploma Marketing Management (SA)

 

Peter Shoniwa – Board Member
Qualifications: Fellow of the Insurance Institute of South Africa (FIISA), Chartered Insurer
Peter is the Employee Benefits Executive.

 

Vimbai Nyemba – Board Member
Tsitsi Mbabvu – Board Member
Benson Gasura – Board Member
Naboth Machemedze – Board Member
Mary Takavarasha – Board Member