Frequently Asked Questions (FAQs)
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Home     About ESE     Frequently Asked Questions (FAQs)

Frequently Asked Questions (FAQs)

Considerable care has been taken to make certain that the information presented in this publication is accurate and representative of the facts as they really are. Readers are advised to consult specialists on the actual situation.

What is the ESE?

The Eswatini Stock Exchange is a Securities Market, and commonly known as the ESE.

What is a Stock Exchange?

A stock exchange is a public marketplace where securities/shares of companies and other financial instruments are bought and sold, i.e. traded.

What are Securities?

Securities are instruments for raising finance/capital by the shareholders of a company. There are two types of securities offered on the Eswatini Stock Exchange (ESE) – EQUITY and DEBT SECURITIES.

  • Equity securities, which are also known as shares, give one ownership of a part of a company and with it a right to a share of a company’s dividends.
  • Debt securities represent a debt by an organisation. They can be issued variously by companies and governments both local and central. They do not give their owners ownership of the organisation. They are usually issued for a fixed term and the amount of capital represented by them must be paid back to their owners at the end of the debt security’s term. Debt securities usually also carry an interest charge which is paid to their holders at specified periods during the debt security’s term.
What law governs the operations of the ESE?

The operations of the ESE are governed by the Securities Act 2010 of the Laws of Eswatini. The implementation of the Securities Act is the role of the Eswatini Government, and it is enforced by the Financial Services Regulatory Services Authority (FSRA).

When is the ESE open for business?

The ESE trades on business days i.e. Monday to Friday excluding public holidays. The ESE's automated trading system operates from 8:00am until 4:00pm.

Is the ESE responsible for filing tax returns for investors?

No. Each investor is responsible for ensuring that they comply with their tax obligations.

What recourse do I have if I feel that my interests as the holder of ESE investment instruments are not being adequately represented?

You can lodge a complaint with the ESE. The ESE is empowered by the Securities Act and the Listings Requirements to ensure that the interests of investors are adequately protected.