JSE, NSE Partner to Grow African Capital Markets

The Johannesburg Stock Exchange (JSE), South Africa and
the Nigerian Stock Exchange (NSE) are forging a new
partnership that will lead to more opportunities for investors
and companies in the African capital markets. The partnership,
according to the Exchanges, will strengthen other African
economy.
Speaking on the partnership, JSE Director, Capital Markets,
Donna Oosthuyse, noted that though African securities
exchanges face many challenges the collaboration will help
grow the markets and also improve liquidity.
“We are of the view that everyone and indeed other markets
would benefit from this. We have been working with the NSE
for some time in this regard, and the joint goal we have is to
develop products and services that would be of interests to
issuers and investors in both markets. This would be of
mutual benefits. So, we would like to have South African
companies and products listed on the NSE. And we would also
invite Nigerian issuers and products to be listed on the JSE,”
she said.
Oosthuyse expressed the optimism that the cross border-
listing will greatly benefit investors and grow the continent’s
capital markets as opportunities abound for products and
services in cross-listing – companies that are listed Nigeria to
also list on the JSE.
“I had personally spoken to a lot of private wealth managers
that aspire and want to be exposed to the Nigerian economy
because they see higher growth than in many other markets
and they believe there is opportunity for greater returns and
they are willing to take the risk. So, we see cross-listings not
just from Nigeria to South Africa but also from South Africa to
Nigeria,” she said.
The JSE director added that the collaboration will also offer
both exchanges the opportunity of training programmes to
deepen their operational knowledge about topical subjects
relating to capital markets.
“We would welcome members from NSE coming over to spend
time at JSE and hope that our members would also be
welcome here so that we can learn from each other. From our
interactions, I think the industry professionals in the NSE and
in the ecosystem around investment are very good. Nigeria
has almost the same challenge South Africa has, which is how
to transfer these expertise into educating the issuers and
investors in terms of what value the Exchange brings to the
economy,” she added.
( THIS DAY )