ZSE lifts dealers suspension

THE Zimbabwe Stock Exchange (ZSE) has lifted a six-week suspension of three securities dealers and one firm after complying with the conditions necessary to lift their suspensions.

In June, ZSE said EFE Securities (Pvt) Limited, Mr Edgeton Tsanga, Ms Brenda Mwaturura, and Ms Coreen Madanha were barred from acting as securities dealers or any other capacities that can be exercised by duly admitted members of the Zimbabwe Stock Exchange.

At the time, it said that full details of the alleged violations had been formally communicated to the affected members.

In the notice on Wednesday, ZSE said the affected can resume their normal practice immediately after the specified date.

“The Zimbabwe Stock Exchange Limited (“ZSE”) advises the public that the suspensions imposed on EFE Securities (Pvt) Limited, Mr. Edgeton Tsanga, Ms. Brenda Mwaturura, and Ms. Coreen Madanha by the ZSE, which barred them from practicing as securities dealers on the ZSE for six (6) weeks will end on 2 August 2023.

“The cited members have now complied with the conditions necessary to lift their suspensions and can resume their normal practice immediately after the specified date.”chronicle.c.zw