The Johannesburg Stock Exchange (JSE) expects Coca-Cola HBC and Canal+ to proceed with their planned secondary listings in 2026, according to JSE Chief Executive Officer Leila Fourie, as reported by Reuters.
Fourie said the listings remain on schedule and could help boost trading activity on the exchange while broadening investment opportunities for South African investors. Secondary listings allow companies already listed on other global exchanges to make their shares available on the JSE, expanding their investor base and improving market liquidity.
For Coca-Cola HBC, the planned listing is linked to its $2.6 billion acquisition of a 75 percent stake in Coca-Cola Beverages Africa, a transaction that significantly expands the bottler’s footprint across the continent, according to MarketScreener. The deal values the African bottling business at roughly $3.4 billion and is expected to close by the end of 2026.
Meanwhile, Canal+ has also committed to a secondary listing in Johannesburg following its takeover of MultiChoice, a move aimed at maintaining access for local investors while strengthening the media group’s presence across African markets. African Business says the anticipated listings could help revive momentum in South Africa’s capital markets by attracting more international companies seeking exposure to African investors.
