New chief financial officer Lindiwe Ndlela.Photo: Supplied
JOHANNNESBURG - 4 Africa exchange (4AX) on Wednesday announced the appointment of two top executives to beef up its management team as the exchange gears up to announce its first listing early in September.

Lindiwe Ndlela was appointed as the chief financial officer (CFO), while Anthony van Eden is now the chief operating officer.

Fay Mukaddam, the chief executive of 4AX, said: “Both appointments have fundamental roles to play in the operational and strategic execution of our business strategy.”

She said in terms of competitors it was important to differentiate between the newly awarded licences and those still in the application process.

Mukaddam said although the local economy continued to experience subdued growth, she was optimistic about the opportunities that exist in the country.

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“The end goal is to run a stock exchange that will become a vehicle for diversity and real economic inclusion, and ultimately drive the transformative growth and development of South Africa.”

Mukaddam said the exchange had a pipeline of other listings that would be announced in the coming months.

Prior to Ndlela’s appointment as CFO at the stock exchange, she served as a qualified chartered accountant (SA), and previously as the CFO of the manufacturing, engineering and other related services sectoral education and training authority. She was a council member of the Mpumalanga Human Resources and Development Council, and has served as a non-executive director for Oriole Health Care Administrators.

Van Eden is a former chartered accountant and was responsible for the electronic Money Market Settlement system in South Africa. He was also responsible for the launch, implementation and selling of Strate’s Collateral Management Services to the banks, the JSE and securities lending and borrowing desks.

Mukaddam said: “We’re thrilled to have both Lindiwe Ndlela and Anthony van Eden join the 4AX team.”