THE Zimbabwe Stock Exchange (ZSE) has launched a new-look website years after its original information portal was hacked and became dormant.
BUSINESS REPORTER
Speaking at the launch, ZSE chairperson Eve Gadzikwa said the setting up of an advanced website, which cost $80 000, was part of the exchange’s plans to automate and improve investor education.
She said the website created a platform for international investors to obtain latest information on investment opportunities in Zimbabwe.
“The portal is part of the ongoing brand rebuilding, which not only has the endorsement of the Securities Commission of Zimbabwe, but the government has on several occasions expressed its desire to see the ZSE modernise,” Gadzikwa said.
“Most people are aware of the much talked about automation projects and the data portal will complement the mordenisation efforts through improving visibility of the exchange and, therefore, attract capital.
“The automation of the ZSE is now on the horizon and in the next couple of months we will be updating you.
“Our stakeholders have not always had easy access to information, but we have made a conscious decision to address the issue of visibility pending the roll-out of automation, which will ultimately take us to a situation where manual processing is completely eliminated through linkages between the automated trading system and the data portal.”
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Speaking at the same event, website developers Big-Law Management Consultants said the website had features which include 99% of all annual reports and corporate actions from 2009, use of Twitter and Facebook to directly engage with investors, strong comparative charting tools and comprehensive investor reports.
ZSE acting chief executive officer Martin Matanda said the developers had put security measures on the new information portal to avoid a repeat of the 2011 hacking.
