/ 28 January 2005

Nasdaq to encourage listings by SA companies

Nasdaq, the world’s biggest electronic stock exchange, is pro-actively canvassing issuing clients in emerging economies.

It says that it sees more activity from, for example, Israeli, Russian and Chinese companies than from the more established economies of, say, France and Germany.

As a result, senior Nasdaq executives will be in South Africa in February to encourage local companies considering international listings to go with Nasdaq rather than its competitors.

Advantages Nasdaq offers include the highest trading volumes of any stock exchange, access to the largest pool of global investors, lower listing costs than the New York Stock Exchange and the world’s fastest transaction speed, all of which creates more certainty for investors.

Best of all, from an emerging economy perspective, Nasdaq has an active programme of education and support for issuers that covers investor relations, corporate governance, risk management and insurance.

Charlotte Crosswell, head of Nasdaq’s EMEA region, and Peter Yandle, senior managing director for international marketing will be in Johannesburg on Monday, February, 7, 2005 and in Cape Town on Wednesday, February 9, 2005. – I-Net Bridge