The JSE/BESA Merger: Navigating the Integration Minefield

Author :

Amanda Bowen; Wendy Ngoma

Pages :

22

Product Type :

Case

Reference # :

WBS-2010-13

Teaching Note :

Institute:

Wits Business School

Setting:

Johannesburg, South Africa

Year:

2009

Keywords:

Mergers; finance; HR; Leadership; Organisational Design & Development; Organisational Change

Summary/Abstract:

The JSE/BESA Merger: Navigating the Integration Minefield A few days before the JSE Limited (JSE) and the Bond Exchange of South Africa Limited (BESA) merged on 22 June 2009, Nicky Newton-King, deputy CEO of the JSE, –who had been tasked with leading the integration of the two organisations – reviewed what she had done so far and the plans she had put in place to ensure a smooth integration. A great deal of time and work had been invested in planning and organising the merger, and she did not want a misstep in the integration process to derail the entire merger. She wondered if she had done enough to ensure a smooth integration.