Stock Exchange retrench staff

The Zimbabwe Stock Exchange is embarking on a retrenchment exercise due to low trade volumes.

The bourse saw revenue drop by half in 2015 and has shown little sign of recovery this year, its chief executive officer Albany Chirume has said.

"The continuing low trades and lack of approval of new products has necessitated the need to review our cost structure.

"Human capital is one of the major costs."

The bourse has 63 listed companies with a total market value of $2.86 billion.

According to reports, Chirume did not give the number of people to be affected.