South Africans Doing Great Things | Lindiwe Ndlela

Gugu Mhlungu speaks to Lindiwe Ndlela, the CFO of South Africa's newest stock exchange. 4 Africa Exchange Proprietary Limited (4AX) is one of only two exchanges in South Africa with a full license to trade across asset classes.

Ndlela explains that starting an exchange entails ensuring capacity in a number of ways.

You have to show proof that you've got that platform to trade and obviously that platform has to meet certain requirements.

Lindiwe Ndlela, CFO 4 Africa Exchange Proprietary Limited (4AX)

Market surveillance is also required to prevent the abuse of the system within the trading space. Capital adequacy shows the exchanges capacity to keep the exchange going which speaks to investor protection.

4AX started this process from 2014, initially drafting the listing requirements, exchange rules and all of that cost money.

Lindiwe Ndlela, CFO 4 Africa Exchange Proprietary Limited (4AX)

The exchange also aims to entrench a culture of learning about trading and Stock exchanges among the youth.

Listen to the interview with Lindiwe Ndlela below...


This article first appeared on 702 : South Africans Doing Great Things | Lindiwe Ndlela


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