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The Johannesburg Stock Exchange (JSE) and New York Stock Exchange have signed a memorandum of understanding to collaborate on the dual listing of companies on both exchanges. The collaboration is expected to increase opportunities for investors and issuers on both continents.
According to a statement issued yesterday, the entities also agreed to jointly explore the development of new products and share knowledge around ESG (environmental, social and governance), ETFs (exchange-traded funds) and digital assets.
The agreement was finalised during a visit to the NYSE by a South African delegation including JSE Group CEO Dr Leila Fourie and South African Reserve Bank governor Lesetja Kganyago.
“The New York Stock Exchange is pleased to sign this collaboration agreement with the Johannesburg Stock Exchange in support of the important economic and trade relationship between our two markets,” notes Lynn Martin, NYSE’s president.
Added to increased investor opportunities, Martin says exploring the dual listings on the two exchanges further underscores the value that public companies and capital markets generate in the global economy.
Fourie adds that the agreement is the beginning of a new chapter. “For the JSE, as the largest stock exchange on the African continent with unparalleled market depth and liquidity, we aim to create world-class solutions for both local and international investors.” — Moneyweb.
Online Reporter