The Johannesburg and Cairo/Alexandria stock exchanges have signed a Memorandum of Understanding in terms of which they will exchange technical skills and information.

The Memorandum of Understanding was signed on behalf of the JSE by Frank Molobi, General Manager of Emerging Markets and Education, at the Union Buildings in Pretoria on Thursday, 20 July 2000.

The agreement is in line with the JSE’s goal of closer co-operation among stock exchanges in the African region.

The JSE has extended an offer of technical co-operation not only to stock exchanges in the Southern African Development Community (SADC) region, but also to other exchanges throughout Africa. So far, the Egyptian, Namibian, Kenyan, Mauritian, Nigerian and Ghanaian stock exchanges have each signed an agreement to exchange technical skills and information with the JSE.

It is hoped that similar agreements will be reached with other SADC exchanges in the future.

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