ZBIN provides investment advice for free to our members and followers. Written in simple language, we always do our best to remove financial knowledge barriers so that everyone can meaningfully participate in business irrespective of professional background. This is why you will not find sophisticated financial jargon on the site because we draw members from various professional backgrounds. My former NUST Finance lecturer would say keep it simple and straight forward Munemo. You see, when preparing my research projects or presentations, I would go for fancy or sophisticated stuff to include in my work thinking that i would impress Mr Moyo but he would have none of that and advise me to follow the KISS Principle-Keep it Simple and Straight Forward. This is the same method we are using on your favourite business forum.
We would like to see as many members as possible making informed decisions when it comes to business and investment. We will therefore keep it simple and straight forward and perhaps add interesting so that ZBIN can be a playground of business and investment information.
Today we have put together this article after a request by one of our members. She would like to know how she can invest on the stock exchange. Is it a sophisticated procedure where only finance pesople participate in or anyone can participate?
In this article, we will keep it simple and interesting-we will only cover the basics so that non finance personnel can fully understand the process. We will provide you with general guidance and in the follow up article we will go deeper in our analysis.
The basics
For first time starters investing is simple, simply approach a stock broker and discuss with them why you want to invest. Perhaps you are a tobacco farmer and would like to invest so that you can buy irrigation equipment in 5 years’ time. Or you are Munemo, who is worried about the future education of his kids; will I be able to afford university fees in future? So I may decide to invest looking at a 5 year or 10 year horizon, the objective being future education of my children. So discuss why you want to invest with the stock broker and they will guide you on stock options to use. They why will also guide you in terms of investment horizon-short term or long term horizon.
Once you have agreed on the why the next questions are going to be what amount to invest, how much to invest, method of investment.
Our local stock brokers are some of the friendliest folks in town and will give you expert advice. Kutogara henyu pasi motoreketa/khuluma talking about investment in simple terms.
Where can you find Stock Brokers?
You can visit this site www.zse.co.zw and obtain phone numbers on the site which you can phone and ask for a list of stock brokers. We have downloaded a list of stock brokers from the site which you can find below.
Requirements
You need to open an account with each broker and the amount varies from a minimum of $1000, some require $2,000 as minimum and others $10,000. It all depends on the broker but as a general rule you need $1,000 as a minimum amount to open an account.
The process of opening an individual trading account and buying and selling shares is essentially the same for all Zimbabwean brokers. In fact, they even charge the same commissions and fees. They differ only in their minimum funding requirements and the quality of customer service and research they provide.
LIST OF STOCK BROKERS BY ALPHABETICAL ORDER OF NAME
ABC Stockbrokers (Private) Limited
Contact addresses
Physical: 1st Floor Heritage House, 67 Samora Machel Avenue, Harare, Zimbabwe Postal: Box 3321, Harare, Zimbabwe Tel: +263 4 703 071-9 / 701 906 Fax: +263 4 250 269
Bethel Equities (Private) Limited
Contact addresses
Physical: No 1 Ainslie House, Corner Fouth Street/J Tongogara Avenue, Harare, Zimbabwe Postal: Box 425, Harare, Zimbabwe Tel +263 4 792 440/1/5, 792 200 Tel +263 4 708 028
EFE Securities (Private) Limited
Contact addresses
Physical: 26 Cork Road, Belgravia, Harare, Zimbabwe Postal: Box 2878, Harare, Zimbabwe Tel: +263 4 799 132-5 Fax: +263 4 799 138
FBC Securities (Private) Limited
Contact addresses
Physical: 2nd Floor, Bank Chambers, 76 Samora Machel Avenue, Harare, Zimbabwe Postal: Box 1227, Harare, Zimbabwe Tel: +263 4 797 760-78 / 700 312 / 704 627 Fax: +263 4 704 492
Imara Edwards Securities (Private) Limited
Contact addresses
Physical: Block 2 Tendeseka Office Park, Samora Machel Avenue, Eastlea, Harare, Zimbabwe Postal: Box 1475, Harare, Zimbabwe Tel: +263 4 790790 / 164 / 888 Fax: +263 4 791235 / 875
Interhorizon Securities (Private) Limited
Contact addresses
Physical: 4 Fleetwood Road, Alexander Park, Harare, Zimbabwe Tel: +263 4 792 440/1/5, 792 200 Fax +263 4 745 879
Invictus Securities Zimbabwe (Private) Limited
Contact addresses
Physical: 37 Victoria Drive, Newlands, Harare, Zimbabwe Postal: P. O. Box CY 1237, Causeway, Harare, Zimbabwe Tel: +263 4 788257 / 2900536 / 776607 email: info@invictus-securities.com
Lynton-Edwards Stockbrokers (Private) Limited
Physical: 129 Kwame Nkrumah Avenue,Harare, Zimbabwe Tel: +263 4 796477 / 86
Mast Stockbrokers (Private) Limited
Contact addresses
Physical: Samuel Leon Building, 52 Josiah Chinamano Avenue Harare, Zimbabwe Postal: P O Box 10313, Harare, Zimbabwe Tel: +263 4 04 251446, 252439, 252594, 252538, 252594, 252799, 792177, 794091, 794096, 794108, 798205, 793988 Fax: +263 4 794 135
MMC Capital (Private) Limited
Contact addresses
Physical: 22 Arundel Road, Alexandra Park, Harare, Zimbabwe Postal: Box BW1797, Harare, Zimbabwe Tel: +263 4 783 069-71
Old Mutual Securities (Private) Limited
Contact addresses
Physical: First Floor 3 Anchor House, 54 Jason Moyo Avenue, Harare, Zimbabwe Postal: BOX HR 1206, Causeway, Harare, Zimbabwe Tel: +263 4 779 473/5 Fax: +263 4 759 448
Platinum Securities (Private) Limited
Contact addresses
Physical: 23 Quorn Avenue, Mount Pleasant, Harare, Zimbabwe Postal: P.O.Box CY129, Causeway, Harare, Zimbabwe Tel: +263 4 307334, 307374, 307559, 307645, 336257/73 Fax: +263 4 336265-107
Southern Trust Securities (Private) Limited
Contact addresses
Physical: 18B Lonsdale Road, Avondale, Harare, Zimbabwe Postal: Box CY1182, Causeway, Harare, Zimbabwe Tel: +263 4 702571, 702573, 797143, 790559, +263 772 515 862, 772 515 865, 773 622 815 Fax: +263 4 796 506
In summary, just phone any of the phone numbers of the stock brokers mentioned above and find out how you can invest, visit their websites too for more information. In future we hope to host some of them here, so you can send your questions and they will answer. We have given you the basics and more will be covered in future articles. We will cover in detail the investment types, trading accounts and monitoring your investments.
Most of the issues can be discussed with any of the stock brokers that we provided you above. The last question maybe –Diaspora? Can the Diaspora participate by investing on the stock exchange? Hongu/Yebo-Yes you can and the above stock brokers can give you very good advice on the procedures to follow.
So talk about this article with your family, friends and relatives. Consider pooling resources with friends at your workplace and invest on the stock market, talk to your church members and advise them about investing on the stock exchange…its simple, very simple especially when you engage the experts that we have provided you with.
Mwashuma Yaambo
Great article. Easy to understand. Thank you so much
You are welcome Amy