By Tapiwa Bepe
A stockbroker is a professional who buys and sells securities on behalf of clients at a Stock Exchange in return for a commission. In Zimbabwe, stockbrokers are licensed by the Securities and Exchange Commission of Zimbabwe (“SECZ”) and have to be admitted as members of an exchange. Stockbrokers are important market players who execute purchase and sale transactions on behalf of investors and also offer financial advice to investors. In the coming week’s we will be profiling some of the ZSE registered stockbrokers.
Meet your Stockbroker
Name: Coreen Vongai Madanha
Firm: EFE Securities (Pvt) Limited
Position: Head of Sales and Trading
Experience: Twelve years in the Stock Broking sector and two years in asset management
EFE Securities is a stock broking company that was formed in 2003 and a member of the Zimbabwe Stock Exchange.
EFE Securities offers the following services;
- Research Services
- Sponsoring Broker
- Equities Trade Execution
- Financial Advisory
EFE has a client portfolio that includes institutional fund managers, corporate, and high net worth investors both local and abroad, young college students, housewives, small scale businesses, trusts, clubs, and employees trying to save and preserve value. EFE Securities is a one stop shop for all investors.
The set minimum investment
When Investors go directly to EFE Securities to invest on the ZSE, the set minimum is ZWL$25,000 or 100 shares whichever is higher of the two. On the Victoria Falls Stock Exchange (“VFEX”) the minimum is USD100.
Physical Address: 26 Cork Road, Harare
Facebook: EFE Securities
Edgeton Tsanga 0772277153
Coreen Madanha 0772144333
Brenda Mwaturura 0782785666
Solomon Sithole 0772165293
Information provided in this article is for educational purposes only.
For more information, visit www.zse.co.zw, email [email protected], Tel: +263 24 2886830-5