INVESTORS are months away from being able to trade stocks across 10 securities exchanges in the Southern African Development Community (SADC) through a common technical interconnectivity platform — signalling the first significant step towards the integration of one of Africa’s economic regions. The Committee of SADC Stock Exchanges (CoSSE), is expected to finalise the agreed hub-and-spoke exchange interconnectivity model . CoSSE was established in 1997 with Botswana, Malawi, Mauritius, SA, Mozambique, Namibia, Swaziland, Tanzania, Zimbabwe and Zambia as members.
This hub will allow exchanges to connect to each other’s platforms and ultimately allow investors to trade on all SADC exchanges through their local brokerage.
www.directinvestment.biz
http://www.businessday.co.za/articles/Content.aspx?id=93449.
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