Africa-Press – Eswatini. The Eswatini Stock Exchange (ESE) is in a drive to come up with various programmes that will enable it to generate revenue to self-sustain and to reduce the FSRA’s funding by 20 per cent each year.
This is part of the strategic programmes which the ESE’s Board of Directors adopted on January 25, 2023. On December 11-12, 2023, the ESE held a demutualisation capacitation workshop for market participants and related stakeholders as one of the activities in the demutualisation programme of the ESE’s five-year Strategy (2023-2028).
The ESE had requested mutual assistance from the Botswana Stock Exchange (BSE) which has recently been demutualised and has the technical expertise to share what the demutualisation process entails and its challenges thereto. For this workshop, the BSE extended two of its staff to assist in the capacitation of stakeholders in Tsametse Mmolai, Head of Listing and Trading and Mpho Mogasha, Head of Finance and Administration.
Another aim of the programmes is to increase the depth and breadth of the stock market through an increase in company listings and introduction of new products. This will entail an economic boost in the capital markets of Eswatini and place the ESE in a setting where it is competitive in the region and internationally.The ESE also aims to ensure that process flows are developed in such a way that market participants trade through effective and efficient platforms via a straight-through process without any human intervention.
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