Online Reporter
Nelson Gahadza, Senior Business Writer
THE Zimbabwe Stock Exchange Holdings (ZSEH) says ongoing Government measures to stabilise the economy and strengthen the Zimbabwe Gold (ZiG) currency are expected to boost market confidence and trading activity.
Authorities have achieved significant milestones in stabilising the economy through tight monetary and fiscal policies, which have helped steady the exchange rate and reduce inflation.
As a result, the group said it will continue to prioritise innovation, digital transformation and product diversification to drive growth across its subsidiaries.
“Increased activity on the Victoria Falls Stock Exchange (VFEX) and supportive policy measures are anticipated to sustain this performance, positioning ZSEH for long-term value creation,” the company said in its third-quarter trading update for the period ending 30 September 2025.
During the quarter under review, trading value on the Zimbabwe Stock Exchange (ZSE) surged by 144,40 percent to ZiG1,97 billion compared to the same period in 2024. ZSEH noted that growth was heavily concentrated, with the market’s top five performers accounting for 94,14 percent of total turnover.
“Leading these was Econet Wireless Zimbabwe Limited, followed by Delta Corporation Limited, NMBZ Holdings Limited, CBZ Holdings Limited and TN CyberTech Investments Holdings Limited,” reads part of the update.
In the same period, the VFEX recorded its highest index level since inception, closing the quarter at 150.83 points.
The total value traded on VFEX in Q3 2025 was US$16,79 million, a significant 106,27 percent increase from US$8,14 million in the third quarter of 2024.
“Year-to-date performance increased by 44,91 percent,” ZSEH said, adding that the quarter also saw the listing of Kavango Resources Plc, which began trading on 8 September 2025 and held its official listing ceremony on 26 September 2025.
ZSEH also launched the 2025 Prospective Issuers Training Programme (PITP) during the quarter, with the inaugural session held on August 7, 2025.
“This flagship initiative aims to raise capital markets awareness among prospective issuers and features guidance from a panel of seasoned experts. A second session was held on 24 September 2025, and the final session is scheduled for 5 November 2025,” reads part of the update.
In terms of financial performance, profitability was driven by effective cost management strategies, which more than doubled EBITDA to ZiG24,32 million from ZiG11,24 million in the same period last year.
“Consequently, profit before tax rose to ZiG18,95 million from ZiG7,94 million in 2024, while total income was ZiG127,79 million compared to ZiG135,11 million last year.”
Total assets grew to ZiG173,079 million from ZiG121,15 million in 2024, while total equity increased to ZiG95,76 million from ZiG89,092 million, underscoring a robust capital base.
“Building on this momentum, the ZSE anticipates sustained growth from elevated trading volumes and the upcoming launch of the Zimbabwe Entrepreneurship Exchange (ZEEX) in the first half of 2026,” ZSEH said.
Tailored for small and medium-sized enterprises (SMEs), ZEEX will facilitate listings and capital-raising for emerging businesses.
“This initiative follows extensive consultations with the Ministry of Finance, Economic Development and Investment Promotion and the Securities and Exchange Commission of Zimbabwe (SecZim),” ZSEH said.
Participants in this year’s PITP have shown strong enthusiasm for ZEEX, with several already advancing through preparatory stages to meet listing criteria upon its debut.
The group added that the exchange is structured to deliver economic and tax advantages to participants, with ongoing discussions aimed at securing tailored incentives.
“Overall, these developments, combined with continued product development, innovation, and progress toward reviving the debt market, are set to cement the ZSE’s market leadership and drive strong shareholder value creation,” reads part of the update.
