Board of Directors
Mrs. Caroline Sandura
Chairman and Non- Executive Director
Caroline Sandura was admitted as a Barrister at Law of England and Wales and was subsequently admitted as a Legal Practitioner of the Zimbabwe High Court and Supreme Court. Caroline holds a Joint Honours degree in Law and Politics from Keele University (UK). She joined the then Post and Telecommunications Corperation(PTC) which was commercialized in the year 2000 to TelOne (Private) Limited. Whilst at TelOne, Caroline represented TelOne at several International foras whereby at some of the meetings, she was appointed to chair Committees and also to sit as a rapporteur and she acquitted herself very
well.
Since 1993, Caroline has served as a non-executive Chairman and Board Member of several organizations, which included the ZB Bank as Chairman of the ZB Building Society, Chairman of the Communications and Allied Industries Pension Fund where she won a gold medal which was awarded in Geneva for Good Management and Good Corporate Governance. She was also appointed as a non-executive board member of the Zimbabwe Mining Development Corporation (ZMDC) where she was firstly assigned to chair the Sabi Gold Mine in Zvishavane and then she was elevated to the position of Chairman of the ZMDC Board. As Chairman of the ZMDC Board, her Board was accredited for opening the Chiadzwa/Marange Diamond Field. The ZMDC board also went into several international joint ventures with several companies to mine platinum,gold and diamonds.
Caroline was then subsequently appointed to the Board of the Zimbabwe Stock Exchange as a non-executive chairman and this board has also established the Victoria Falls Foreign Currency Exchange as its first subsidiary company. She was the deputy chairman of the Thematic Committee which drafted the first National Code of Corporate Governance for Zimbabwe. Caroline was married to the late Supreme Court Judge, Justice Wilson Sandura and they had two children.
Mr. Bartholomew Mswaka
Deputy Chairman and Non-Executive Director
Bart retired on 31st of January 2023 as the Chief Executive Officer of St Giles Medical Rehabilitation Centre, a registered welfare organisation dedicated to the rehabilitation of adults and children with all types of physical disabilities. He holds a bachelor’s degree in Economics from the University of Zimbabwe. Bart has worked at The Reserve Bank of Zimbabwe as well as the Bank of Botswana where he was an Expatriate Manager.
Bart switched careers in 1996 and joined Stockbrokers Fleming Martin Edwards Securities (now Imara) as a manager. In 1999 he moved to HSBC Securities as the Managing Director (HSBC later became ReNaissance Securities (Pvt) Ltd). Bart is a registered stockbroker and a former Chairman of the Zimbabwe Stock Exchange Committee. He is currently the Deputy Chairman of the Zimbabwe stock Exchange Limited and the Chairman of Zimbabwe Asset Management Company and Untu Holdings Limited. He is also the Independent Chairman of the Motor Industry Pension Fund.
In November 2022 Bart was awarded the Capital Markets Lifetime Achievement Award. This Award recognizes individuals who have contributed significantly and demonstrated outstanding achievements in the Capital Markets and Exchanges landscape of Zimbabwe’s financial sector. In November 2023 Bart was appointed by the President of the Republic of Zimbabwe to the Board of the Mutapa Investment Fund. The Fund is the Sovereign Wealth Fund of Zimbabwe.
Mr Benson Gasura
Non-Executive Director
Benson is the Managing Director of FBC Securities (Private) Limited a brokerage subsidiary of a financial services group FBC Holdings. He sits on several Board and Executive management committees within the FBC group. Ben is a registered stockbroker, Chairman of TIB Insurance, former Chairman of the Institute of Directors Zimbabwe and a full member of the South African Institute of Financial Markets. He holds a Master of Science in Strategic Management and a Masters in Business Administration. Additionally he holds qualifications in Management, Risk, Banking and Business Leadership. He has been involved in Capital markets developments and financial advisory services for more than 15 years.
Mrs Maureen Svova
Non-Executive Director
Mrs Svova is one of the pioneer black women Chartered Accountants in Zimbabwe with over 30 years of experience. She holds a Bachelor of Accountancy degree from the University of Zimbabwe and is a Chartered Accountant. She is a results, detail oriented leader who is able to relate and interface easily at top executive levels having worked at senior executive level for the greater part of her working life. She has held various directorship roles and currently sits on the Boards of the Zimbabwe Stock Exchange (ZSE), Export Credit Guarantee Corporation, Schweppes Africa Holdings and Ecobank Zimbabwe.
Mr Markus de Klerk
Non-Executive Director
Markus de Klerk is a registered legal practitioner in Zimbabwe with over 25 years of experience in commercial law, corporate governance, and the financial services sector across SADC. His expertise spans legal advisory, debt and equity capital raising, structured trade and commodity finance, corporate restructuring, mergers and acquisitions, and credit and collateral structuring.
He is currently the Group Legal Counsel of African Sun Limited, a hospitality group listed on the Victoria Falls Stock Exchange. Markus previously served as Managing Director of Imara Fiduciary (Private) Limited, a specialist collateral and debenture trustee company. He was also Legal Counsel at Ecobank Zimbabwe, part of the Ecobank Transnational group listed in Ghana and Nigeria, and Group Legal Counsel and Company Secretary of BancABC Limited, then dual-listed on the Botswana and Zimbabwe Stock Exchanges.
Mr Masimba Mudzungairi
Non-Executive Director
Masimba is the Director Audit Assurance and Advisory Services in the Ministry of Finance and Economic Development. Masimba has over 30 year’s experience as an Accountant in various sectors of industry in Zimbabwe. He holds a MSc Professional Accountancy Degree from the University of London and a BSc(Honors) Applied Accounting from Oxford Brookes University. Masimba is a member of ACCA and the Institute of Internal Auditors of Zimbabwe.
Mrs Lindiwe Tirivanhu
Non-Executive Director
Lindiwe Tirivanhu is a Registered Public Accountant and a member of the Institute Chartered Accountants of Zimbabwe. She holds a Masters in Business Administration, a Bachelor of Commerce Accounting Honors from Midlands State University and a certificate in International Public Sector Accounting Standards. She is presently Director Debt, Recording and Settlement in the Zimbabwe Public Debt Management Office in the Ministry of Finance and Economic Development. Before becoming a director in 2016, Lindiwe Tirivanhu was the Chief Accountant for 8 years. With a career spanning over four decades, she has extensive experience in financial management and debt management in the Public Sector.
Mr Justin Bgoni
Executive Director (Chief Executive Officer)
Justin is a Chartered Accountant with over 24 years of international experience in the financial and public sectors. Justin holds, among other qualifications, a Bachelor of Accounting Science from the University of South Africa and a Master in Applied Finance from Victoria University of Wellington in New Zealand.
Some notable previous appointments include being a Management Consultant at McKinsey Incorporated and Chief Financial Officer at the New Zealand Stock Exchange.
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ZSE Rules and regulation
Companies Listed
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Securities and Exchange Commission of Zimbabwe (SECZ)
Reserve Bank of Zimbabwe (RBZ)
Ministry of Finance
Chengetedzai Depository Company (CDC)
LISTED COMPANIES
Board of Directors
Mrs. Caroline Sandura Chairman and Non- Executive Director
Caroline Sandura was admitted as a Barrister at Law of England and Wales and was subsequently admitted as a Legal Practitioner of the Zimbabwe High Court and Supreme Court. Caroline holds a Joint Honours degree in Law and Politics from Keele University (UK). She joined the then Post and Telecommunications Corperation(PTC) which was commercialized in the year 2000 to TelOne (Private) Limited. Whilst at TelOne, Caroline represented TelOne at several International foras whereby at some of the meetings, she was appointed to chair Committees and also to sit as a rapporteur and she acquitted herself very
well.
Since 1993, Caroline has served as a non-executive Chairman and Board Member of several organizations, which included the ZB Bank as Chairman of the ZB Building Society, Chairman of the Communications and Allied Industries Pension Fund where she won a gold medal which was awarded in Geneva for Good Management and Good Corporate Governance. She was also appointed as a non-executive board member of the Zimbabwe Mining Development Corporation (ZMDC) where she was firstly assigned to chair the Sabi Gold Mine in Zvishavane and then she was elevated to the position of Chairman of the ZMDC Board. As Chairman of the ZMDC Board, her Board was accredited for opening the Chiadzwa/Marange Diamond Field. The ZMDC board also went into several international joint ventures with several companies to mine platinum,gold and diamonds.
Caroline was then subsequently appointed to the Board of the Zimbabwe Stock Exchange as a non-executive chairman and this board has also established the Victoria Falls Foreign Currency Exchange as its first subsidiary company. She was the deputy chairman of the Thematic Committee which drafted the first National Code of Corporate Governance for Zimbabwe. Caroline was married to the late Supreme Court Judge, Justice Wilson Sandura and they had two children.
Mr. Bartholomew Mswaka Non-Executive Deputy Chairman
Bart retired on 31st of January 2023 as the Chief Executive Officer of St Giles Medical Rehabilitation Centre, a registered welfare organisation dedicated to the rehabilitation of adults and children with all types of physical disabilities. He holds a bachelor’s degree in Economics from the University of Zimbabwe. Bart has worked at The Reserve Bank of Zimbabwe as well as the Bank of Botswana where he was an Expatriate Manager.
Bart switched careers in 1996 and joined Stockbrokers Fleming Martin Edwards Securities (now Imara) as a manager. In 1999 he moved to HSBC Securities as the Managing Director (HSBC later became ReNaissance Securities (Pvt) Ltd). Bart is a registered stockbroker and a former Chairman of the Zimbabwe Stock Exchange Committee. He is currently the Deputy Chairman of the Zimbabwe stock Exchange Limited and the Chairman of Zimbabwe Asset Management Company and Untu
Holdings Limited. He is also the Independent Chairman of the Motor Industry Pension Fund.
In November 2022 Bart was awarded the Capital Markets Lifetime Achievement Award. This Award recognizes individuals who have contributed significantly and demonstrated outstanding achievements in the Capital Markets and Exchanges landscape of Zimbabwe’s financial sector. In November 2023 Bart was appointed by the President of the Republic of Zimbabwe to the Board of the Mutapa Investment Fund. The Fund is the Sovereign Wealth Fund of Zimbabwe.
Mr Benson Gasura Non-Executive Director
Benson is the Managing Director of FBC Securities (Private) Limited a brokerage subsidiary of a financial services group FBC Holdings. He sits on several Board and Executive management committees within the FBC group. Ben is a registered stockbroker, Chairman of TIB Insurance, former Chairman of the Institute of Directors Zimbabwe and a full member of the South African Institute of Financial Markets. He holds a Master of Science in Strategic Management and a Masters in Business Administration. Additionally he holds qualifications in Management, Risk, Banking and Business Leadership. He has been involved in Capital markets developments and financial advisory services for more than 15 years.
Mrs Maureen Svova Non-Executive Director
Mrs Svova is one of the pioneer black women Chartered Accountants in Zimbabwe with over 30 years of experience. She holds a Bachelor of Accountancy degree from the University of Zimbabwe and is a Chartered Accountant. She is a results, detail oriented leader who is able to relate and interface easily at top executive levels having worked at senior executive level for the greater part of her working life. She has held various directorship roles and currently sits on the Boards of the Zimbabwe Stock Exchange (ZSE), Export Credit Guarantee Corporation, Schweppes Africa Holdings and Ecobank Zimbabwe.
Mr Markus de Klerk Non-Executive Director
Markus de Klerk is a registered legal practitioner in Zimbabwe with over 25 years of experience in commercial law, corporate governance, and the financial services sector across SADC. His expertise spans legal advisory, debt and equity capital raising, structured trade and commodity finance, corporate restructuring, mergers and acquisitions, and credit and collateral structuring.
He is currently the Group Legal Counsel of African Sun Limited, a hospitality group listed on the Victoria Falls Stock Exchange. Markus previously served as Managing Director of Imara Fiduciary (Private) Limited, a specialist collateral and debenture trustee company. He was also Legal Counsel at Ecobank Zimbabwe, part of the Ecobank Transnational group listed in Ghana and Nigeria, and Group Legal Counsel and Company Secretary of BancABC Limited, then dual-listed on the Botswana and Zimbabwe Stock Exchanges.
Mr Masimba Mudzungairi Non-Executive Director
Masimba is the Director Audit Assurance and Advisory Services in the Ministry of Finance and Economic Development. Masimba has over 30 year’s experience as an Accountant in various sectors of industry in Zimbabwe. He holds a MSc Professional Accountancy Degree from the University of London and a BSc(Honors) Applied Accounting from Oxford Brookes University. Masimba is a member of ACCA and the Institute of Internal Auditors of Zimbabwe.
Mrs Lindiwe Tirivanhu Non-Executive Director
Lindiwe Tirivanhu is a Registered Public Accountant and a member of the Institute Chartered Accountants of Zimbabwe. She holds a Masters in Business Administration, a Bachelor of Commerce Accounting Honors from Midlands State University and a certificate in International Public Sector Accounting Standards. She is presently Director Debt, Recording and Settlement in the Zimbabwe Public Debt Management Office in the Ministry of Finance and Economic Development. Before becoming a director in 2016, Lindiwe Tirivanhu was the Chief Accountant for 8 years. With a career spanning over four decades, she has extensive experience in financial management and debt management in the Public Sector.
Justin Bgoni – Executive Director (Chief Executive Officer)
Justin is a Chartered Accountant with over 24 years of International experience in the financial and public sector. Justin holds, amongst other qualifications, a Bachelor of Accounting Science from the University of South Africa and a Master in Applied Finance from Victoria University of Wellington in New Zealand.
Some notable previous appointments include being a Management Consultant at McKinsey Incorporated and Chief Financial Officer at New Zealand Stock Exchange.
ZSE INVESTMENT GUIDE LIST YOUR BUSINESS BUY DATA
Information
ZSE Rules and regulation
Companies Listed
Listing on ZSE
Find a broker
Contact ZSE
Other Links