Johannesburg exchange may target African rivals

JSE, the South African exchange group, said it may buy other African bourses in an effort to boost trading volumes, after the group reported a 326% increase in first-half net profit on market volatility.

The group may target exchanges in Kenya, Mauritius and Zambia and Nigeria, according to chief executive Russell Loubser. Nigeria's stock exchange is also “too big to ignore,” Loubser added.

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