Know your stockbroker
A STOCKBROKER is a professional who buys and sells securities on behalf of clients at a
Stock Exchange in return for a commission. In Zimbabwe, stockbrokers are licensed by the Securities and Exchange Commission of Zimbabwe (SECZ) and have to be admitted as members of an exchange.
Stockbrokers are important market players who execute purchase and sale transactions on behalf of investors and also offer financial advice to investors. In the coming week’s we will be profiling some of the ZSE registered stockbrokers.
Meet your Stockbroker Name: Coreen Vongai Madanha Firm: EFE Securities (Pvt) Limited Position: Head of sales and trading Experience: Twelve years in the stock broking sector and two years in asset management
Company Profile
EFE Securities is a stock broking company that was formed in 2003 and a member of the Zimbabwe Stock Exchange.
Service Offering
EFE Securities offers the following services;
◆ Research Services
◆ Sponsoring broker ◆ Equities trade execution ◆ Financial advisory
Target Market
EFE has a client portfolio that includes institutional fund managers, corporate, and high net worth investors both local and abroad, young college students, housewives, small scale businesses, trusts, clubs, and employees trying to save and preserve value.
EFE Securities is a one stop shop for all investors.
The set minimum investment
When investors go directly to EFE Securities to invest on the ZSE, the set minimum is $25 000 or 100 shares whichever is higher of the two. On the Victoria Falls Stock Exchange (VFEX) the minimum is US$100. ◆ Contact Details
Physical Address: 26 Cork Road, Harare Twitter: efesecurities Facebook: EFE Securities Website: www.efesecurities.com Tel: +263242-799132-5
Email: dealing@efesecurities.co.zw
Edgeton Tsanga 0772277153 Coreen Madanha 0772144333 Brenda Mwaturura 0782785666 Solomon Sithole 0772165293 Information provided in this article is for educational purposes only.
For more information, visit www. zse. co. zw, email info@ zse. co. zw, Tel: +263 24 2886830-5