Zimbabwe

[icanlosemorethanu]

Does anyone know how I can invest in Zimbabwe from Australia. I read somewhere that there is an index tracking product but i can't find it.

[Guest Zaba]

Currently 2 platforms i am aware of.

C-Trade 

ZSE Direct 

I havent used ZSE yet, but i have set-up an account with C-Trade. It was pretty simple, but the platform is not great. You will need a Zim bank account to deposit funds. I have not started trading yet, but will do in the next couple of days. Happy to update you on my progress.

In relation to index tracking. There is an Old Mutual ZSE Top-10 ETF that started trading earlier this year. 

Hope this helps.

[icanlosemorethanu]

I would love to know how you go. My understanding is that we are not allowed to buy directly. I saw that ETF on their exchange but I saw one mention of an index tracker somewhere but i cant find it. I saw that the brokerage in and out if we buy directly is more than 4%. It's a lot. Also, one of their big stocks just got suspended. It's high risk but it seems to be doing well. Exhange rates are going to be a bit of a risk too.

[Kodiak]

"After Two Years of Three Digits, Zimbabwe Inflation Drops to 56%"

https://www.bloomberg.com/news/articles/2021-07-27/after-two-years-of-three-digits-zimbabwe-inflation-drops-to-56

[icanlosemorethanu]

I messaged the Z stock exchange via Messenger. They replied fast and said I could invest if i used a local broker. The first broker I tried didnt even have a website.