Beyond just creating these efficiencies and synchronising our markets with the rest of the world, an important element of this particular initiative is that its benefits are shared by many of us as stakeholders in this project, be it as companies listed on the exchange, brokers, investors and indeed as regulators.
The project team at the JSE has done well in highlighting some of the benefits 1, and if I can remind everyone present here today, these include: •  Aligning operational practices of the local equity market to global standards;  •  Improving the credibility and operational efficiency of the local market;  •  Protecting the financial markets through systemic risk mitigation that will follow from reduced credit and liquidity risk; and  •  Through increased credibility, assisting in making South Africa a more attractive investment destination to international investors.