What Is the Minimum Amount Required to Begin Investing on the Zimbabwe Stock Exchange?

The Zimbabwe Stock Exchange (ZSE) has taken a licking in recent years, but over the long-term it has proven to be one of the best places for Zimbabweans to protect the value of their savings.

But how much money do you need to open an account and get started investing there?

Minimum to Invest on ZSE

The minimum amount required to open a share trading account in Zimbabwe differs from broker to broker. Some require at least $2,000, while others have no set minimum. Invictus Securities is one broker without a mandatory minimum. (If you are aware of others, please let me know here.)

But please note, when you decide to purchase a stock you must purchase at least 100 shares per transaction.

Therefore, the minimum investment amount depends on the current price of whichever stock you intend to buy.

Harare, home of the Zimbabwe Stock Exchange
Photo by Baynham Goredama

You can find the current price of each stock listed on the ZSE here:

Zimbabwe Stock Exchange – Share Prices

Look at the “Closing Price” column in the Price Sheet to get an idea of the best share price currently available.

Don’t Forget Commissions and Fees

When you buy a stock you will also be charged 1.73% of the total trade value to cover your broker’s commission and various taxes and fees. When you sell a stock the cost adds up to 2.48% of the trade value.

Adding It Up

As I write this, there are several Zimbabwean stocks trading at a price of $0.01 per share.

Therefore, the minimum amount you can invest at today’s price is, in theory, $1.0173.

$0.01 x 100 shares + 1.73% commission and fees = $1.0173

On the other end of the spectrum, you’ll need at least $1831.74 to invest in British American Tobacco – Zimbabwe, which currently trades for $18.00 per share.

$18.00 x 100 shares + 1.73% commission and fees = $1831.74

A Word of Caution

Keep in mind that a low share price doesn’t necessarily mean a stock is a bargain. Nor does a high share price mean that a stock is overvalued.

A stock’s price must be weighed against a number of factors, including (but not limited to) the underlying company’s earnings, dividends, net assets, and potential for growth.

Where to Start?

Investing in stocks doesn’t offer a guaranteed return.

In fact, it can easily leave you with less money than you started with. And, if you’re new to investing, it can take time to familiarize yourself with different approaches to valuation and financial analysis that can improve your odds of netting a positive investment return.

So, just dip your toe in the water first. Invest only a small amount – an amount that you can easily afford to lose.

And invest first in a company that you know well, preferably one whose products or services you use regularly. Then, as your investment knowledge grows, you can invest more with increased confidence.

Your Turn

Do you have questions about investing on the Zimbabwe Stock Exchange? Let’s hear them in the comments.

49 thoughts on “What Is the Minimum Amount Required to Begin Investing on the Zimbabwe Stock Exchange?”

    1. At the moment, Old Mutual trades for $4.58 per share. So, the minimum investment is approximately $465.47 ($4.58 * 100 shares + 1.73% brokerage commission). Note, that this assumes you are opening an account with a broker that doesn’t have its own a mandatory minimum (e.g. Invictus Securities).

      1. Which broker is the best to start with in Zimbabwe . Am in South Africa visiting anytime need to know more about Zim stock exchange

        1. Hi Dylan,

          It appears that their website and phone line is down. Am researching to see whether there is a good, low-minimum, alternative.

  1. Thanks Ryan for sharing such information. I have just started growing interest in stocks/shares and i’m keen to learn more about all the required skills and knowledge so as to trade with an edge.

      1. Hi Ryan

        Thanks for the update. Unfortunately i tried to join the Stock School by clicking the link you shared. It keeps prompting that my email is already registered then when i try to recover password it says the email is not registered in the system.Please kindly assist my email is tinlexy@gmail.com


  2. Is it safe to buy shares in Zimbabwe as a first time buyer and won’t Zim Companies be affected badly by what happens from the political environment. Especially policy. How stable will they be. What happens after the official elections?

    1. As of today, Delta’s price is $1.65 per share. The ZSE requires that you buy at least 100 shares per transaction. So, multiply today’s price by 100 to find the minimum amount before brokerage commission – $165.00.

      Then multiply by 1.0173 to get the complete amount including commissions and fees. $165.00 x 1.0173 = $167.85

  3. Hie I really found this helpful but I really want to know how much I would new to buy shares from econet wireless or coca cola

    1. bro Ryan you been very helpful I just saved some links ,I am looking to buy some stocks so I wanna start by a familiarisation phase before I dive in the pond
      thanks a lot

  4. Hello Ryan
    I am interested in Mining ventures in Zimbabwe could you send information on relevant companies please.
    Regards and thank you
    Kristene Murphy.

  5. hi ryan um stuck i need ur help…….i have $1000 and l need to invest in two companies that have a high return um in zimbabwe and l dont have any knowledge about shares….how can u help mi

  6. Hi Ryan
    Can one use technical analysis to make a decision to buy or sell stocks listed on the Zimbabwean Stock Exchange

    1. Good question, Itai. It’s not my strong suit, but I suppose one could use certain technical analysis techniques on the ZSE. But I’m guessing that only a few of the listings have sufficient trade volume for this to be useful.

    2. Yes it’s possible to use tec analysis for your entry and exit into any market.There are many technical indicators which you can use from trend following to momentum indicators.l don’t usually look at volume though it can be used in relation with other indicators.But l think b4 you start trading you should have have a trading plan strategy and you should practice your plan on a demo account b4 going for a real account.

  7. hi Ryan

    I have been following your assisting correspondences here and have been trying to call Invictus for days their lines are not being recognized is there any other way you can assist.

  8. hie .can i buy shares and forget about them for atlesast 3 years and still get a profit like putting money in a fixxed bank account

    1. Hi Morris,

      Good question. You can buy shares and forget about them (in fact, that is probably one of the best ways to make money in stocks). Many stocks will pay a yearly or biannual dividend, but note that there is no guarantee that they will do so, and there is no guarantee that the value of your shares will increase during the three years.

  9. Good day Ryan, considering the recent developments, has there been any stock that’s showing any signs in terms of dividend growth as well as a good dividend yield that will result in return on equity of around 15-20% that might be sustainable for the next couple of years

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