THE Zimbabwe Stock Exchange has announced that it will soon launch a central deposit system as part of its efforts to do away with its current manual trading system.

ZSE chief executive officer, Emmanuel Munyukwi said plans to launch the system were now at an advanced stage.

“We will be putting in place a central deposit system and this will enable us to do away with the current manual system which is in place,” said Munyukwi.

The ZSE which is the one of the biggest stock exchanges in Africa is reported to have delayed the launch due to the lack of a legal framework for  its establishment, a position which has been rectified by the passing of the Securities Act.