JSE has met with Tencent and hopes to see it list in SA

The JSE Ltd., which operates Africa’s largest stock exchange, has met with Chinese tech giant Tencent and says it hopes to see the Hong Kong-listed company inward listed on the local bourse.

"We indeed have met with Tencent," JSE CEO Leila Fourie said in response to a question during the bourse operator's annual general meeting (AGM) on Tuesday. "We obviously can’t comment any further on where that might go. Like any other country that we might have a fast track listing agreement with, we would encourage any form of dual listings. But we would love to see Tencent listed on the JSE."

The question to Fourie was based on the JSE having added the Hong Kong Stock Exchange to its list of approved and accredited exchanges in 2023. That means companies listed on the Hong Kong Stock Exchange can now pursue secondary listings on the JSE and qualify for a fast-track listing process.