First Transfer Secretaries (Private) Limited "FTS" was established in 1984 as a subsidiary of RAL Holdings Limited “RAL”.
RAL changed its name to FMB Holdings Limited and later to ABC Holdings Limited. On 28 February 1999, FTS became a stand-alone indigenous firm through a management buy-out. The strength of the company lies in the diverse skill base and solid understanding by its staff of the administration of complex corporate actions covering initial public offers, reverse listings, share splits, scrip dividend offers, redemption and conversion of special debt instruments, bonus issues and rights issues. Key staff is fully conversant with all secretarial aspects required to assist companies in raising funds through the capital markets. In addition to this, the executives have been at the forefront of the major privatisations and listings in Zimbabwe. The directors and management have been on the cutting edge in the development of innovative share transfer operational systems.
The company now controls approximately 42% of the Zimbabwe Stock Exchange “Z S E” quoted companies and has remained as the leading transfer secretarial company in Zimbabwe.
In November 2000, the company extended its services to cover the Botswana Stock Exchange “BSE”.