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PROFILE: Meet Fay Mukaddam, CEO of 4 Africa Exchange
The chance to take part in the creation of an alternative stock exchange in SA presented an irresistible challenge to the woman who now heads it
There will be active involvement in the economy for a greater number of people when the new 4 Africa Exchange (4AX) becomes operational, says CEO Fay Mukaddam. The exchange will be cheaper for investors as well as issuers, among other benefits. This will make a real difference in the lives of many, something SA needs now more than ever, Mukaddam says. 4AX will list its first company in May. Never one to back away from a challenge, Mukaddam, an advocate, was looking for a stretch opportunity when she first met Stephan van der Walt, the founder of 4AX, about two years ago. "This had to be the boldest, hairiest and most audacious initiative I had ever come across — and I’ve been involved in a fair few. It reached in and grabbed my soul," she recalls. "Who wouldn’t want to be part of the founding team of a stock exchange?" Mukaddam is optimistic about the country, while not downplaying the political and economic uncertainty facing it. "There’s a reason why rear-view mirrors are smaller ...
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