How to start investing into Zimbabwean companies.
I am currently writing this article whilst sitting in my bed in Portsmouth, United Kingdom and it still warms my heart to see the development of the Zimbabwe Stock Exchange. As a big fan of finance and learning about finance from using “first-world” stock markets as the tool of my university education, seeing ZSE (Zimbabwe Stock Exchange) developing brings me joy. As mentioned in my ‘The Story of Nqobani Ndebele’ post, my maiden experience in investing started in my home country when I was 18. I would like to share my experience with investing in Zimbabwe and later on talk about my opinions on the ZSE.
If you read ‘The Story of Nqobani Ndebele’ post, you would know that my interest in investing arose from the Financial Mail magazines that I read whilst I was at boarding school. In August 2019, whilst my family and I were on holiday in Botswana, I asked my parents if they could assist me in opening up a trading account so that I could buy shares in Zimbabwean companies. My parents were a bit reluctant at first but after being persistent, they eventually agreed to my request. After completing my A-Levels, I opened my trading account in January 2020. I opened an account with FBC Securities and I had a personal talk with my Account Manager. He asked me questions such as, “Why do you want to open up a trading account?” “Which companies are looking to invest into and why?” My Account Manager was really excited to see a teenager interested in investing. I instantly knew I was at the right place and doing the right thing for my future. The minimum deposit for my trading account at time was ZWL$5,000. Unfortunately, I do not know the current minimum deposit due to inflation and the exchange rate.
Besides FBC Securities, there are numerous Zimbabwean stockbrokers that one could use. Using the following link, you are able to find the list of the current Zimbabwe stockbrokers that will assist you in setting up a trading account (Zimbabwean stockbrokers). The preceding post will dwell on my experience with being an investor in Zimbabwean companies and what you may learn from my experiences.
Kind regards,
Nqobani Ndebele
Disclaimer: I am not qualified to give financial and/or investment advice. These are my personal opinions and remember every time you invest, your capital is at risk.