Mon, 30 Nov 2020

GABORONE, Oct. 21 (Xinhua) -- Thapelo Tsheole, chief executive officer of the Botswana Stock Exchange, has been re-elected as chairperson of the Committee of the Southern African Development Community (SADC) Stock Exchanges (CoSSE), CoSSE said Tuesday in a communique.

Accepting the posting, Tsheole, whose new tenure will run until March 2022, said "the development of regional securities exchanges remains high on the committee's agenda."

"It is the collective effort of exchange members to collaborate and work together to foster synergies that will serve to promote harmonization in a bid to promote cross-border listings amongst members, encourage the transfer of securities markets' intellectual capital and technical expertise among member exchanges, increase liquidity for regional exchanges and strive towards development of efficient, fair and transparent securities markets within the SADC region," he said.

"I am confident that with the support of the members, we can achieve our goals," he added.

According to CoSSE, during Tsheole's last two-year tenure, there has been significant improvement in market and product developments in the SADC region.

Formed in 1997, CoSSE has become a collective body of 14 stock exchanges from 13 SADC countries.

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