Individuals
Businesses
Company
Intelligence
News
African Capital Markets
EnglishEnglish
share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram

Zimbabwe Stock Exchange introduces new capital gains withholding tax

Daba Finance/Zimbabwe Stock Exchange announces new capital gains withholding tax
AFRICAN STOCKS AND FINANCEJuly 8, 2024 at 3:12 PM UTC

TLDR

  • ZSE introduces 2% capital gains withholding tax on investment profits from June 28.
  • Tax applies to profits from selling investments like stocks and real estate, withheld by payers before final payment to investors.
  • Change expected to impact investors and market performance in Zimbabwe.

The Zimbabwe Stock Exchange Limited (ZSE) has announced the introduction of a 2% capital gains withholding tax, effective from June 28.

This tax is applied to the profit made from selling investments, such as stocks or real estate, and is withheld by the payer, such as a brokerage, before paying the remaining amount to the investor.

This change is expected to have significant implications for investors and market participants, potentially impacting the overall performance of the stock market in Zimbabwe.

Key Takeaways

On Monday, a total of 4,430,700 shares were traded on the ZSE, corresponding to a market value of ZiG 3,806,390.73. Compared to the previous trading day (Friday, July 5), today's data shows a 34% improvement in volume but an 83% decline in turnover. The current market capitalization of the ZSE stands at ZiG 45.8 billion. Regarding the performance of ZSE market indices, the benchmark ZSE All Share Index (ZSE-ASI) soared by 3.95 points (2.68%) to close at 151.18. This represents a 1-week gain of 15.18%, a 4-week gain of 42.87%, but an overall year-to-date loss of 99.93%.

ZSE
Zimbabwe Stock Exchange Limited
Stocks
Zimbabwe
Finance
Investments
Personal Finance
Stock Market

Think someone else should see this?

share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram
Stay informed with our newsletters read by 25,000+ professionals worldwide
Newsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companies

Next Frontier

Stay up to date on major news and events in African markets. Delivered weekly.

Pulse54

UDeep-dives into what’s old and new in Africa’s investment landscape. Delivered twice monthly.

Events

Sign up to stay informed about our regular webinars, product launches, and exhibitions.

+25k investors have already subscribed

To invest in this opportunity and other opportunities across Africa

Download the daba finance app on your mobile through
appstore iconappstore icon
Phone Image

Take action.

Download app

Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.

Partner with us

Unlock exciting business opportunities and growth potential.

Join Daba

Become a part of our vibrant community and enjoy exclusive benefits.

Contact us

Reach out to us for inquiries, support, or collaboration.
For Investor
StrategiesPortfolio ManagementAfrican Capital MarketsNews
Daba Pro Intelligence
For Capital Seekers
For StartupsFor Fund ManagersFor Private CompaniesFor Lenders
For Partners
Commercial BanksBroker DealersAsset ManagersInvestment BanksInvestment Advisors and ConsultantsLenders and Microfinance
Company
About UsMarket UpdatesEventsBlog and PodcastNewsletterCase StudiesAffiliate ProgramInvesting GlossaryOfficial ContactsTrust, Compliance and SecurityFrequently Asked Questions

Terms & ConditionsPrivacy Policy
EnglishEnglish

Owned by Daba Markets Inc. By using this site, you accept our Terms and Conditions and Privacy Policy. © 2024 All rights reserved. 2025 All rights reserved