South African investment company lists on Rwanda Stock Exchange

South African healthcare investment company RH Bophelo (RHB) has completed a cross listing on the Rwanda Stock Exchange (RSE).

"The listing presents us with a great opportunity to diversify our investor base and explore investment opportunities beyond South Africa," said the company in a statement.

RHB listed on the Johannesburg Stock Exchange (JSE) in July 2017, raising R500 million in new capital. RHB’s primary listing and exchange will remain as the JSE, with the RSE listing being a secondary.

Cross listing is an introduction of company’s shares on another stock exchange. In this case RHB will not be raising any new capital from this cross listing. It is only providing an opportunity to the existing shareholders and potential investors of RHB to trade their shares on the Rwanda capital market.

“We are delighted to add value to the Rwandan healthcare ecosystem, and we’re looking forward to interacting with their great professionals,” says Colin Clarke, RHB’s executive director.

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