The department has two major functions namely, corporate finance and research. Corporate finance takes the form of analysing, reviewing and recommending to the Commission action to take on all corporate actions filed with the Commission for approval. Broadly, the review process focusses on compliance aspects with a particular focus on relevant disclosures that ensure the protection of investors in publicly issued and traded securities. Research is carried out to guide the Commission’s approach to regulating the securities and capital markets as well as the assessment and analysis new capital market products and services. The research function also provides economic research to aid the Commission in its planning and decision making processes.
Director -Corporate Finance and Market Development
BSc Economics Honours (UZ), MSc in Finance & Investment (London Metropolitan University)
Kundai has more than 10 years progressive experience as an investment banker within the Zimbabwean and regional capital markets. He started out as a corporate finance analyst at Genesis Investment Bank in 2001 where he was responsible for financial modelling, capital markets research, preparation of information memoranda for various capital raising initiatives, performing due diligence exercises and maintaining a data room for advisory mandates undertaken by the bank. In 2003 he joined Sagit Financial Holdings as an Account Relationship Manager in the Structured Leasing Department where he designed and drew up lease documents, performed credit analyses, designed finance house products (eg. Sale and lease-back transactions, block discounts, debt purchases (factoring), and structured short-term loans to middle market and high-end corporate clients).
He then joined TA Holdings in March 2005 as a Senior Investments Manager. In this role he was exposed to numerous capital market transactions involving the company’s investment activities across its investments in the insurance, hospitality, fertiliser manufacturing and FMCG sectors (acquisitions, disposals, pricing of preference shares, share buy-back schemes). He left TA Holdings in 2009 and after a brief stint in South Africa returned to Zimbabwe and set up a corporate advisory boutique which provided bespoke corporate finance solutions to SMEs and large corporate entities (notable mandates included acquisition advisory work for a building materials supplier group and advisory work for one of Zimbabwe’s first private equity funds). He joined the Securities and Exchange Commission at the beginning of May 2012. Kundai is married to Charmaine and they have two children, son Sheunesu Jonathan and daughter Tinodaishe Hannah.
