Knives out for ZSE boss Chirume

Zimbabwe Stock Exchange (ZSE) CEO Alban Chirume's stay at the bourse could be coming to a premature end amid indications stockbrokers want him fired owing to high expenditures and charges that he made several unanimous decisions without the nod of shareholders.

Sources say at a meeting of members at held on June 29 they queried the contentious acquisition of the new ZSE offices in Borrowdale, which many felt was overvalued and were miffed by high expenditures at the bourse.

But the stockbroker said they could not automatically eject Chirume from his position because they did not have adequate board representation.

Once they appoint board members, the stockbroker said, they would begin the process of ridding the ZSE of Chirume.