The trading currency on VFEX is USD
Key incentives applicable to VFEX include: Capital raised by a company listed on the Victoria Falls Stock Exchange may be held in an approved local or offshore account with an internationally recognised banking institution; Allowance to use offshore settlement for trades done; Tax incentives for shareholders of shares listed on VFEX – 5% dividend withholding tax (foreign investors only) and exemption from capital gains withholding
Ability to raise capital in hard currency; Ability to use different securities to raise capital – debt, equity, ETF and REITS. Tax incentives for shareholders; Lower trading fees which may lead to improved liquidity; Enhanced profile within and outside Zimbabwe; Lower exchange control risk.
Not in the interim, the market will be advised of any changes
The current suspension on fungibility will apply and a review will be done when the suspension expires;
only new securities can be listed if the issuer remains listed on ZSE. Issuers can however delist from ZSE and list 100% on VFEX by way of introduction;
Dividends will have to be in USD or any other convertible currency;