By Nyasha Dube
Young women have been urged to invest in stock exchange so as to build their wealth from a younger age.
Chairing a session on Investing in the capital market at the recently held Women’s Business Leadership Roundtable 2021, Former Managing Director at Imara Fiduciary Thandeka Msipa said it is important for women to be more involved in the stock market.
The Women’s Business Leadership Roundtable which was hosted by CEO Africa Roundtable sought to bring together women in business and help them tackle the challenges they are facing in their operations.
“There are more male investors than females yet women are the decision makers when it comes to spending,”
Thandeka Msipa
She added that as the Zimbabwe Stock Exchange they are coming up with ways to ensure that everyone understands and benefits from stock exchange.
“We are offering virtual investor education at no cost to groups of 10 women, and we are not only targeting women in business but also church women, small scale farmers, miners and coorperatives,”
Thandeka Msipa
One of the panelists of the session Lydia Tanyanyiwa who is the Managing Director for Minerva Risk Advisors also challenged women to take part in the stock exchange.
“Women’s work is not only in the kitchen. If I had known about stock exchange when I was young I would be far by now,”
Lydia Tanyanyiwa
Tanyanyiwa also encouraged the Zimbabwe Stock Exchange to expand their education campaigns and target participants beyond the corporate world.
The Zimbabwe Stock Exchange’s core mandate is to facilitate long term capital raising through listing of securities as well as offering secondary market securities trading and issuer regulation services.
It is important to analyse one’s investment objectives, income sources, constraints and risk tolerance before investing.
The benefits include potential to build wealth, higher returns, financial stability in future and additional income.
The risks are unguaranteed returns and high volatility.