Swaziland Stock Exchange
Encyclopedia
The Swaziland Stock Market is a small but thriving stock exchange
. The share market was established in July 1990 by Sibusiso Dlamini
, a former World Bank
executive who became Swaziland
's prime minister
, to enable ordinary Swazis to become stakeholders in their economy. All listings are included in the sole index, the SSM Index, which is unweighted. There are a handful of listed public companies, as well as some listed government stock options, listed debentures, government guaranteed stock and non trading mutual funds.
Exchange Control approval is required for foreigners wishing to invest on the stock market.
Stockbrokers on the Exchange are licensed by the Central Bank of Swaziland
and there is no regulation regarding the foreign ownership of brokers.
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
. The share market was established in July 1990 by Sibusiso Dlamini
Sibusiso Dlamini
Sibusiso Barnabas Dlamini is a Swazi football striker who currently plays for Mpumalanga Black Aces. He has been capped for Swaziland.-Clubs:*1998-2000 : Royal Leopards*2000-2000 : Young Buffaloes...
, a former World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
executive who became Swaziland
Swaziland
Swaziland, officially the Kingdom of Swaziland , and sometimes called Ngwane or Swatini, is a landlocked country in Southern Africa, bordered to the north, south and west by South Africa, and to the east by Mozambique...
's prime minister
Prime minister
A prime minister is the most senior minister of cabinet in the executive branch of government in a parliamentary system. In many systems, the prime minister selects and may dismiss other members of the cabinet, and allocates posts to members within the government. In most systems, the prime...
, to enable ordinary Swazis to become stakeholders in their economy. All listings are included in the sole index, the SSM Index, which is unweighted. There are a handful of listed public companies, as well as some listed government stock options, listed debentures, government guaranteed stock and non trading mutual funds.
Exchange Control approval is required for foreigners wishing to invest on the stock market.
Stockbrokers on the Exchange are licensed by the Central Bank of Swaziland
Central Bank of Swaziland
The Central Bank of Swaziland, or Umntsholi Wemaswati, is the central bank of Swaziland. It was established in 1974 and is based in Mbabane...
and there is no regulation regarding the foreign ownership of brokers.