The Bond Exchange of South Africa (BESA) regulates the market in fixed-income securities and associated derivative instruments and aims to develop these markets by promoting market liquidity and facilitating trade.

Garth Greubel, Chief Executive Officer, commented: "The Bond Exchange of South Africa is delighted to be joining ICMA. Over the years, ICMA has played a crucial role in the development of international capital markets, and our membership will allow BESA to draw on this expertise to the obvious benefit of the South African financial markets. We look forward to participating in the work of the Association, and to building a better capital market in our country."

BESA is joining a truly international organisation, ICMA has almost 400 existing ICMA members distributed in 48 countries. ICMA is unique amongst financial industry associations in that it represents a broad range of capital market interests, its members include both global investment banks and smaller regional banks, as well as asset managers, exchanges, central banks, law firms and other professional advisers, making it an influential voice for the global market.