AFTER opening its new US$20 million Highland Park Mall in Harare, property company Terrace Africa has announced a plan to list a real estate fund on the Zimbabwe Stock Exchange by year end.

The Victoria Falls Stock Exchange Limited (VFEX), a subsidiary of the Zimbabwe Stock Exchange (ZSE), has introduced broker controlled accounts in order to ensure convenience in trading on the US dollar denominated stocks trading platform.

Market capitalisation on the Zimbabwe Stock Exchange (ZSE) reached $2,7 trillion as of Thursday last week, before the Easter break, gaining significantly since the beginning of the year, according to official data. Weekly turnover was $578,7 million.

Dairibord Holdings intends to start exporting to South Africa as it seeks to grow its exports and generate more foreign exchange required for key imported raw materials and equipment.