Johannesburg Exchange Boss Nicky Newton-King Braces for Competition

Nicky Newton-King, CEO, Johannesburg Stock Exchange (JSE)

South Africa‘s stock exchange is getting an upgrade. To keep up with growing competition, the Johannesburg Stock Exchange has embarked on a long-term project to gather all of its markets onto a single, faster trading platform and a new clearing system.

The effort comes as ZAR X, the first new South African exchange in more than a century, prepares to open for business in September, blazing a trail for more would-be domestic rivals to the JSE.

However, CEO Nicky Newton-King isn’t too worried about the competition. “We don’t have a statutory monopoly; nor do we have a divine right to exist,” says Newton-King, 49, who became the JSE’s first female chief executive in 2012. “Therefore it’s important that absolutely everything we do, we do better every day.”

Read more: Johannesburg Exchange Boss Nicky Newton-King Braces for Competition | Institutional Investor

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