‘VFEX reboot tied to fresh listings’

The Pfuma listing brings the number of property funds on Zimbabwe’s exchanges to four, with the Zimbabwe Stock Exchange hosting Tigere REIT and Revitus Property REIT, while the VFEX has Eagle REIT and now Pfuma.

THE country’s equity market recovery is increasingly dependent on new listings at the Victoria Falls Stock Exchange (VFEX), rather than migrations from the Zimbabwe Stock Exchange (ZSE), as tight monetary policy and structural constraints continue to limit overall market appeal, First Mutual Wealth (FMW) has said. This development would mark a strategic shift by issuers…

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