The Zimbabwe Stock Exchange (ZSE) has finally launched a new web portal after almost two years of inactivity after suffering a hacking incident.
The website was launched officially by ZSE acting CEO Martin Matanda and other executives, who said the information on the website will be freely available to the public.
Matanda also admitted the importance that social media plays in relaying real time information, with the website having a direct integration to its Twitter account that has over 1,200 Tweets and just over 100 followers.
“Twitter and Facebook are being used to interact with all stakeholders, enabling the ZSE to
communicate and receive feedback from anywhere in the world with immediate information dissemination,” Matanda said.
The ZSE will be the first stock market in Africa to provide detailed information about companies for free on their website, with others charging a fee. Matanda however was quick to add that those who want access to the API will be charged.
Many people are however concerned about the detailed information about company performances that will be available on the site. Matanda said: “There is no doubt that we are new to this and will learn from it so our disclosure policy is expected to evolve according to our experiences.”
The ZSE hopes to use the free information to attract more investors to the country, as it continues to suffer one of the highest inflation rates in the world, with government operations almost grinding to a halt due to lack of funds.
