JSE CEO on building public-private partnerships under S.Africa's G20 presidency

The Johannesburg Stock Exchange (JSE) is set to benefit from the recent G20 Finance Ministers and Central Bank Governors Meeting, as CEO Leila Fourie shared insights on the importance of building public-private partnerships under South Africa's G20 presidency. The theme of shared prosperity, inclusive growth, and global cooperation emerged as key takeaways from the event, signaling a pivotal moment in the global dynamics amidst a multipolar and multilateral world. Fourie emphasized the need to update and redefine multilateral agreements to address modern challenges and enable global trade to thrive. She highlighted the complexities of the current global landscape, with differing views between regions and the importance of a global solution for global problems. Despite challenges, there remains a strong level of support for global trade agreements, but a call to reinvest, modernize, and make them more contemporary and relevant to today's issues was underscored. With South Africa's leadership role in the G20 and B20, the JSE stands to benefit from increased investor sentiment, showcasing the country as a growth engine with vast potential. The surge in average daily value traded post-GNU and the rise in local listed company valuations have set a positive trajectory, with a 40% increase year to date in the equity market. The JSE anticipates a continuation of this trend, bolstered by South Africa's prominent position on the global stage. International investor sentiment is shifting in favor of South Africa, with a focus on maintaining policy certainty, creating jobs, and fostering economic growth. The potential for M&A activity, IPOs, and increased interest in South Africa and the continent are on the horizon, presenting a unique opportunity for the JSE to leverage partnerships and drive economic development. The country's participation in the G20 and B20 events serves as a platform to attract investments, showcase capabilities, and strengthen international collaboration. The JSE remains optimistic about the future outlook, with the hosting of the B20 and G20 expected to accelerate growth and reinforce South Africa's position as a key player in the global economy.