Johannesburg Stock Exchange and Stock Exchange of Mauritius Sign Memorandum of Understanding

At the conclusion of the quarterly meeting of the South African Development Community (SADC) Committee of Stock Exchanges held in Mauritius on June 10, the JSE and the Stock Exchange of Mauritius (SEM), signed a Memorandum of Understanding (MOU). This agreement signals a further development between the JSE and its SADC neighbours aimed not only at strengthening the relationship between the two exchanges but also the SADC region. Darrell Till, Director: Marketing Research and Development of the JSE noted that the SEM has enhanced the sophistication of its market services in the past two years and that this has added considerably to the strength of the region. The JSE sees this bilateral agreement as being not only of value to itself and the SEM but also as a means to add weight to the development of the securities markets in the region.