FAQs – Victoria Falls Securities Exchange

What is the listing process for an Issuer not listed on ZSE

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Post published:10th September 2020
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What is the listing process for an Issuer who is currently listed on ZSE?

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Post published:10th September 2020
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What currency will dividends be paid out on VFEX

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Post published:10th September 2020
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Dividends will have to be in USD or any other convertible currency;

Will listing by introduction be permitted for current ZSE issuers?

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Post published:10th September 2020
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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;

Will fungibility be permitted between VFEX and other exchanges?

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The current suspension on fungibility will apply and a review will be done when the suspension expires;

Will fungibility be permitted between ZSE and VFEX?

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Not in the interim, the market will be advised of any changes

What are the benefits of listing on VFEX for Issuers

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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…

What are the incentives of participating on VFEX for Investors?

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Post published:10th September 2020
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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…

What currency will be used for trading on VFEX?

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Post published:10th September 2020
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The trading currency on VFEX is USD

What is VFEX?

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Post published:10th September 2020
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The Victoria Falls Stock Exchange (VFEX), is a wholly owned subsidiary of the ZSE established to kick start the Offshore Financial Services Centre (OFSC) earmarked for the special economic zone…