THE Zimbabwe Stock Exchange (ZSE) says it will soon complete the demutualisation exercise of the local bourse despite missing a March 31 deadline due to regulatory procedures, an official has said.

The Zimbabwe Stock Exchange (ZSE) is planning to revive a regulated bond market, which became dormant 15 years ago, in an attempt to diversify avenues through which entities could raise much-needed capital.

Phoenix Consolidated Industries Limited will be removed from the ZSE Official List with effect from 0800 hours on 15 April 2016.

The turmoil afflicting the country's volatile equities markets could drag on during the current year, with the Zimbabwe Stock Exchange (ZSE) likely to experience a bloodbath far worse than that of the previous year.