BY MBONO MDLULI
MBABANE – It is a beginning of what appears to be great things to come for the Government of Eswatini, as it will be listed on the Johannesburg Stock Exchange (JSE).
Government is expected to be listed on Africa’s biggest exchange from 8:30am. There will be an event marking the CBE’s acceptance to the JSE. Government, in the whole process, is helped by the Central Bank of Eswatini (CBE).
The CBE, on its social media platforms, described this event as the beginning of a new era for Government to raise capital for the country. “The Eswatini Government will be officially welcomed to the Johannesburg Stock Exchange (JSE) family, indicating a new era of raising capital for the country. The event, known as the ‘Ringing of the Bell’ will be held on Friday 24 May 2024 at the JSE in Sandton, Johannesburg,” the CBE stated.
Supported by the Central Bank of Eswatini, the Eswatini Government listed a E4 billion bond on the JSE to raise capital to finance a litany of developmental projects, according to the CBE. “You can be part of this historic announcement moment, by clicking on the link below to follow the proceedings which will be live-streamed on our YouTube platform tomorrow, from 8:30am,” the CBE stated.
According to various online sources, JSE Limited (which has previously been known as the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 the JSE had an estimated 473 listed companies and a market capitalisation of US$182.6 billion (about E3 354 349 218 000), as well as an average monthly traded value of US$6.399 billion (about E117 549 182 070). As of March 2022, the market capitalisation of the JSE was at US$1.36 trillion (about E24 983 104 800 000).
