The New York Stock Exchange (NYSE) and the Johannesburg Stock Exchange (JSE) on Monday announced that they have signed a memorandum of understanding to collaborate on the dual listing of companies on both exchanges.
The NYSE and the JSE also agreed to jointly explore the development of new products and share knowledge around ESG, ETFs and digital assets.
The agreement was finalized 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 signing ceremony took place shortly before the delegation rang the Closing Bell, followed by a keynote address by Kganyago on monetary policy.
The New York Stock Exchange (NYSE) is the largest securities exchange in the world, hosting 82% of the S&P 500, as well as 70 of the biggest corporations in the world. It is a publicly-traded company that provides a platform for buying and selling over nine million corporate stocks and securities a day.
Johannesburg Stock Exchange (JSE) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa. JSE had an estimated 473 listed companies and a market capitalization of US$182.6 billion (€158 billion), as well as an average monthly traded value of US$6.399 billion (€5.5 billion). As of March 2022, the market capitalization of the JSE was at US$1.36 trillion.
photo credits: african-markets.com