Namibian Stock Exchange CEO Tiaan Bazuin on listing prospects for 2017

The Namibian Stock Exchange CEO, Tiaan Bazuin, recently joined CNBC Africa to discuss the performance of the Namibian Exchange in the past year and shed light on the broker's event that took place at the JSE. The event aimed to bring brokers from various African countries together to sign associate agreements and encourage collaboration in trading African stocks. Bazuin highlighted the importance of investors having access to a broader range of investment opportunities, particularly in other African markets where IPOs are flourishing. He mentioned the success story of the Daris Salom Stock Exchange, which saw its stock price double within a week of listing, emphasizing the potential gains that could be made if investors were more aware of such opportunities. Bazuin stressed the need for greater integration and harmonization among African stock exchanges to attract more foreign investment and improve market liquidity. He noted that facilitating cross-border trading does not require new laws but rather cooperation between local brokers to route orders to brokers in other countries. Bazuin also addressed concerns around currency risks, pointing out that investors must assess these risks regardless of the market they invest in. He highlighted the role of stock exchanges in promoting best practices and corporate governance standards to attract international investors and ensure market transparency. Overall, Bazuin's insights suggest a positive outlook for the Namibian Exchange and African markets in general as efforts are made to enhance market efficiency and expand investor opportunities.