New ZSE transaction fees gazetted

New ZSE transaction fees gazetted
Published: 15 July 2014
Stockbroking firms are set to take a marginal knock in brokerage fees to make way for the central securities depository levy but overall total costs for buying and selling on the Zimbabwe Stock Exchange will drop.

According to the proposed new fee structure which will apply from the day the Statutory Instrument will be gazetted to June 30 2015, brokerage fees will be 0.92% from the current 1%. The CSD levy will be charged at 0.12% on either side (buying and selling) while the investor protection levy will fall away for the first year to allow for the business to stabilise. Thereafter the SEC levy, ZSE levy and CSD levy will drop marginally to make way for 0.025% IP levy. From next year transaction costs will be 4.136%.
- herald
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