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The Victoria Falls Stock Exchange (VFEX) continues to evolve on the back of increased interest from both foreign and local companies seeking to raise US dollar capital and take advantage of offshore settlement options, which allow investors to easily repatriate their dividends. VFEX, was established to kick-start the Offshore Financial Services Centre (OFSC) earmarked for…
NatFoods will join Padenga Holdings Limited, SeedCO International Limited, Caledonia Mining Corporation and Bindura Nickel Corporation on the forex-indexed bourse.
VFEX, which trades exclusively in US dollars, was well-placed to help Simbisa execute its African forays, while improving the liquidity of its stocks.
Nedbank is a unit of the Johannesburg Securities Exchange-listed Nedbank Group, whose footprint spans across southern Africa.
FINANCIAL services outfit, Nedbank Zimbabwe said on Friday it planned to list on the Victoria Falls Stock Exchange (VFEX) on November 18, becoming the first lender to trade its stock at the waterfall since the bourse opened two years ago. VFEX, which trades exclusively in foreign currency, recently attracted an upsurge in investor interest after…