The Johannesburg Stock Exchange (JSE) is courting Dangote Petroleum Refinery for a secondary listing following the company’s scheduled initial public offering (IPO) on the Nigerian Exchange (NGX) later this year.
The pursuit forms a broader part of the South African bourse’s strategy to attract high-profile African corporates and expand cross-border liquidity, positioning itself as the premier listing destination on the continent amid competition amongst global and regional exchanges.
Valdene Reddy, JSE Chief Executive Officer, said Dangote Refinery is among a strong pipeline of prospective listings expected in the second half of the year, alongside companies in the mining, fintech, property and construction sectors.
“They will go and list in Nigeria first, but with a strong intent to hopefully bring that listing to South Africa shortly thereafter on the JSE. It would be a great opportunity for a diversified play of high demand with such a strong African corporate listing on
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