JSE's Bond Exchange Offer Follows Trend

South Africa's Johannesburg Stock Exchange (JSE) has made a conditional offer to acquire the entire share capital of the Bond Exchange of SA (BESA) for ZAR173.2mn (US$16.5mn). The JSE's Deputy CEO Nicky Newton-King said that the offer is intended to 'create a world-class, unified multi-product exchange that efficiently provides sophisticated trading, clearing and settlement infrastructure to all its clients.' She added that the JSE believes 'integrating BESA and the JSE is in line with bourse consolidation around the world,' a trend CFW has highlighted, as it 'would improve South Africa's competitive ability in an increasingly international market for securities trading.'

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