Valdene Reddy to Take Over as JSE CEO Following Leila Fourie’s Retirement

Africa’s largest stock exchange, the JSE, has declared that Group CEO Leila Fourie will retire on 31 March 2026, with Valdene Reddy poised to assume the role effective 1 April.

This news was announced on Tuesday via a notification on JSE Sens.

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“Fourie has steered the JSE through a period of transformation marked by strategic innovation, operational resilience, and inclusive leadership,” the announcement noted.

Reddy, currently the Director of Capital Markets at the JSE, is awaiting regulatory approval for her appointment.

As stated by the JSE, “The board has confidence that Reddy’s vast industry expertise, strategic vision, and robust stakeholder connections will ensure the JSE’s continued success in a dynamic financial landscape.”

JSE chair Phuthuma Nhleko expressed, “Leila has guided the JSE with a clear strategy and unwavering commitment to transformation. Her tenure has been characterized by innovation, operational resilience, and a deep sense of purpose.”

“Under her leadership, the JSE has delivered strong financial results and transitioned into a more inclusive, collaborative, and future-oriented entity. On behalf of the board, I extend our heartfelt gratitude to Leila for her exceptional leadership and the enduring legacy she leaves behind.”

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Since her appointment in 2019, Fourie has achieved a significant transformation in earnings quality, expanded the organization’s revenue streams, and updated its technological and regulatory frameworks, according to the JSE.

“Fourie’s leadership has gone beyond financial results and operational excellence. She has passionately championed inclusive leadership, sustainability, transformation, and regulatory excellence.”

“Additionally, Fourie has actively promoted national private sector initiatives in partnership with the CEOs of major South African companies to strengthen South Africa’s capital markets.

“These initiatives, led by the National Treasury, include Operation Phumelela and various efforts aimed at encouraging an upgrade to South Africa’s sovereign credit rating,” it noted.

“I am honored to be appointed Group CEO, and I am eager to guide this institution into its next chapter,” Reddy remarked.

“My emphasis will be on fostering innovation and enhancing our competitiveness through ongoing strategic transformation. I am excited to collaborate with our talented team and esteemed partners to unlock new growth and impact opportunities,” she added.

The JSE Limited’s share price

Nhleko believes that Reddy’s extensive industry background, strategic insights, and stakeholder relations will drive the JSE to sustained success.

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