SOUTHERN Africa Development Community stock exchange bosses are meeting in Maputo, Mozambique, early next month to discuss issues affecting the various exchanges.
Zimbabwe Stock Exchange (ZSE) chief executive Mr Emmanuel Munyukwi told The Herald Business this week that the meeting was aimed at updating Sadc members on progress made on their respective exchanges.
"This is one of the many quarterly meetings hosted in the region on an annual basis to discuss areas of mutual interest," Mr Munyukwi said.
"We seek to help each other in areas where we can develop our markets."
Mr Munyukwi indicated that the issue relating to the linking of operations between the regional stock exchanges with the Johannesburg Stock Exchange would also be discussed.
The chief executive said they would pursue the proposed computerisation exercise of the ZSE as the local bourse attempted to move away from the present floor trading system.
In March, Sadc stock exchanges convened in Harare for a similar meeting, which also discussed a range of issues, among them the issue of electronically connecting regional exchanges.
However, Botswana refused to participate arguing that the more established Johannesburg Stock Exchange (JSE) was seeking to manipulate the-would-be solidified Sadc stock exchange to boost its own trading volumes and revenues.
The exchange plan would allow smaller exchanges access to JSE trading system, which it shares with the London Stock Exchange.
Sadc members harmonised their listing requirements in 1998.
If successful, the link of the Sadc stock exchanges is expected to attract new capital inflows into the region.
Sadc comprises of 14 countries, which are Angola, Botswana, the Democratic Republic of Congo, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Tanzania, Zambia and Zimbabwe.
Fonte: AIM
