The Johannesburg Stock Exchange (JSE) has announced that Group CEO Leila Fourie will step down from her role on 31 March 2026, after just under seven years at the helm of Africa’s largest stock exchange.
Fourie’s tenure, which began in 2019, has been marked by significant achievements, including a turnaround in earnings quality, diversification of revenue streams, and modernisation of technology and regulatory frameworks.
“Leila has led the JSE with strategic clarity and an unwavering commitment to transformation,” said JSE Chairman Phuthuma Nhleko.
“Her tenure has been marked by innovation, operational resilience and a deep sense of purpose.”
Champion of Transformation and Sustainability
Beyond operational performance, Fourie has been recognised for championing inclusive leadership, sustainability, and regulatory excellence.
Under her leadership, the JSE introduced several regulatory and market innovations, including:
- Reforms to listing requirements
- The launch of a voluntary carbon market
- New Sustainability and Actively Managed ETF segments
She also played a key role in national private-sector partnerships aimed at revitalising capital markets, such as Operation Phumelela, and supported initiatives seeking an upgrade to South Africa’s sovereign credit rating.
Valdene Reddy Appointed as Next Group CEO
The JSE Board has announced that Valdene Reddy, currently the Director of Capital Markets, will take over as Group CEO effective 1 April 2026.
“It is an honour to be appointed as Group CEO,” said Reddy.
“My focus will be on accelerating innovation and enhancing our competitiveness through ongoing strategic transformation.”
Reddy brings deep industry expertise, a strong track record in capital markets, and robust stakeholder relationships, which the board believes will ensure continuity and long-term growth for the institution.
Fourie Reflects on Her Tenure
Reflecting on her time in office, Fourie said: “It has been a privilege to lead the JSE, which plays a critical role in directing capital towards growth and opportunity across our economy. I am indebted to our executive team and staff for their commitment.”
She added that now is the right time to pass the baton to a new generation of leadership.
“Valdene is one of our own and is well positioned to lead the JSE into its next chapter.”
