The Bourse Régionale des Valeurs Mobilières (BRVM), a West African regional stock exchange, is on a charm offensive, holding its first investor roadshow in SA this week, positioning itself as a blueprint for regional integration amid a project to link stock exchanges on the continent. South African investors held about 3%-4% of shares in companies listed on the BRVM, the most of any African country outside of the eight countries that shared the exchange, CEO Edoh Kossi Amenounve said in Johannesburg on Wednesday. The stock exchange is shared by Benin, Burkina Faso, Guinea Bissau, Mali, Niger, Senegal, Togo and Ivory Coast, where it is headquartered. BRVM is the sixth-largest securities exchange by market capitalisation on the continent, with a value of $17.7bn at the end of December, a fraction of the JSE’s R15-trillion. Stock exchanges across the continent are multiples smaller than their South African counterpart, but this could change if integration improves. The BRVM was working...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.