Sadc seeks to harmonise financial laws

The Southern African Development Community (Sadc) is mulling to implement legal frameworks to allow free movement of capital and tradable securities at regional level, Securities and Exchange Commission of Zimbabwe (Sec-Zim) chief executive Tafadzwa Chinamo has said.

Chinamo, who is also chairperson of the committee of insurance, securities and non-banking financial authorities (Cisna), harmonising capital market laws, especially disclosure requirements companies normally give when seeking capital, will pave way for cross-border investments and push further regional integration.

The harmonisation of laws and other issues will be discussed at the 39th biannual Cisna conference to be held from November 8-10 in Harare.