Johannesburg’s Stock Exchange was listed as a public company on its own boards on Monday.
Speaking at a listing ceremony at the exchange in Sandton, Deputy President Phumzile Mlambo-Ngcuka congratulated the stock exchange on another milestone in its history.
”On behalf of government I am here to say that today’s event emphasises that our economy is growing.”
The listing completes a process which began in July 2005 when the JSE demutualised.
Mlambo-Ngcuka said she looked forward to ”further and shared growth”.
She was particularly excited about the JSE’s commitment to training and skills development.
After an address by JSE chairperson Humphrey Borkum, JSE chief executive Russell Loubser blew a kudu horn as the market ticker started to move. While the assembled guests threw streamers and their hats in the air, Loubser said: ”For those of you who haven’t seen [referring to the ticker] we have had five trades, the price is R26 a share.”
The Cida City Campus choir then led the crowd in the singing of the national anthem and champagne was served. – Sapa