JSE Limited expected to Report Fiscal Year 2009 Results on March 8, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).

The capital markets regulator in Mauritius is opposing the idea of a bid by JSE Limited for a stake in the Stock Exchange of Mauritius (SEM), an official said on March 23. "The board of the Financial Services Commission informed the SEM of its decision on Friday. The decision is based on section 23 of the Financial Services Act of 2007," the FSC official, who wished to remain anonymous, told Reuters. Section 23 gives the FSC the authorization to reject acquisitions. The FSC official declined to elaborate on the ruling. An SEM board member told Reuters it would hold an emergency meeting on March 24 to discuss the proposed JSE deal. Media reports have said the JSE is considering acquiring a 49% stake in SEM. The deputy CEO of JSE, Nicky Newton-King said: "We have made clear that we are looking for a strategic stake, but the talks are at a very sensitive stage so I can't comment further."

JSE Ltd. is in talks with The Stock Exchange of Mauritius Ltd. and other countries in the region as it wants to expand its influence on the continent. “We are having conversations with a number of African exchanges, including Mauritius,” Deputy Chief Executive Officer Nicky Newton-King said. The talks “are far too preliminary” to say whether the JSE will acquire a stake in the stock exchange, she added. JSE had agreed to acquire 49% stake in the Stock Exchange of Mauritius for $11 million, Le Mauricien had reported on February 27, citing stock exchange officials it did not identify. Newton-King declined to comment on the report. “We will comment when it’s more appropriate,” she said. “We are looking to deepen relationships with a number of African exchanges.” Sunil Benimadhu, CEO of Stock Exchange of Mauritius, declined to comment when contacted by Bloomberg News.