Partners and Associations

The Committee of SADC Stock Exchanges


The Committee of SADC Stock Exchanges (CoSSE) is a collective and co-operative body of the various stock exchanges in the Southern African Development Community (SADC). It has been in existence since 1997, and was established to promote co-operation and collaboration between SADC stock exchanges. Although it is essentially a private-sector association, CoSSE forms part of SADC structures since it has a formal status under the SADC Finance and Investment Protocol (FIP).

CoSSE currently comprises of 15 Stock Exchanges in SADC as members, and are as follows;

BODIVA Bolsa de Divida e Valores de Angola
BSE Botswana Stock Exchange
BVM Bolsa de Valores de Moçambique (Mozambique)
DSE Dar es Salaam Stock Exchange (Tanzania)
FINSEC Financial Securities Exchange (Zimbabwe)
JSE Johannesburg Stock Exchange (South Africa)
LuSE Lusaka Securities Exchange (Zambia)
MSM Maseru Securities Market (Lesotho)
MSE Malawi Stock Exchange
NSX Namibian Stock Exchange
SEM Stock Exchange of Mauritius
SSX eSwatini Stock Exchange (formerly Swaziland)
Trop-X Seychelles Stock Exchange
ZAR-X South Africa Stock Exchange
ZSE Zimbabwe Stock Exchange

Membership is open to any securities or financial exchange in SADC, although applications from new members have to be agreed by existing members. CoSSE members meet bi-annually to, among others, deliberate the operational, regulatory and technical underpinnings and capabilities of SADC’s capital markets.


The current CoSSE Secretariat host is the Botswana Stock Exchange, for a 5 year tenure (2018, 2023), while the CEO of the BSE Mr. Thapelo Tsheole is the Chairman for a 2 year period (2018-2020). The CoSSE Secretariat is a central component of the Committee in that, it acts as the centre of knowledge-sharing and communication between member exchanges, it serves as the gateway for stakeholders to invest and collaborate with CoSSE, and is responsible for the facilitation and management of all CoSSE activities, amongst other administrative duties.

CoSSE sits on the SADC Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA) structure for reporting purposes, the SADC Committee of Ministers of Finance and Investment (CoMFI), as well as the SADC Committee of Central Bank Governors (CCBG). Moreover, the CoSSE Secretariat has direct working access to the SADC Secretariat.


The objectives that guide CoSSE’s activities and mandate, are as follows:

  • To improve the operational, regulatory and technical underpinnings and capabilities of SADC exchanges
  • To make their securities markets more attractive to both regional and international investors
  • To increase market liquidity and enhance trading in various securities and financial instruments
  • To promote the development of efficient, fair and transparent securities markets within the SADC region
  • To encourage the transfer of securities markets’ intellectual capital and technical expertise among the member countries of COSSE
  • To encourage interaction among market participants
  • To encourage the development of a harmonised securities market environment within the SADC region
  • To maximise co-operation among the Member Exchanges. 


Telephone: +267 3674421