The Johannesburg Stock Exchange (JSE) has announced that Valdene Reddy will succeed Leila Fourie as group chief executive officer when Fourie retires on 31 March 2026. Reddy, who currently serves as the JSE’s director of capital markets, will formally take over the role on 1 April 2026, pending regulatory approval.

Fourie has been with the exchange for more than 15 years and became CEO in 2019. Under her leadership, the JSE saw a turnaround in earnings quality, diversification of revenue streams, and significant modernisation of its technology and regulatory frameworks. Board chair Phuthuma Nhleko credited her with leading the bourse: “with strategic clarity and an unwavering commitment to transformation.”

Reddy, who has played a central role in shaping the JSE’s capital markets strategy, said her focus will be on accelerating innovation and enhancing competitiveness. “It is an honour to lead this institution into its next chapter,” she said.

Nhleko added that Reddy’s: “deep industry expertise and stakeholder relationships” will help position the JSE for continued success as it adapts to a rapidly changing financial landscape.