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This book looks at contemporary issues facing financial markets in Southern Africa. It has been established that African stock markets are confronted with a multitude of problems which include inadequate liquidity, low capitalisation, few market participants, a small number of listed companies and low trading volumes. As a result, their broader economic impact has so far been limited. The Southern Africa Development Community ( SADC ) stock markets, with the exception of South Africa, are small both in terms of the number of listed companies and market capitalisation, and they display considerable illiquidity. In general, the SADC region has shallow and underdeveloped financial markets. Their development has been hampered by a number of factors which include; political and economic uncertainty, fiscal dominance, weak judicial institutions, limited investment opportunities in the private sector, technological constraints, and the shortage of skilled personnel with expertise in banking and finance.

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Moses W Chisadza is a lawyer who has worked for the University of Fort Hare as a Tutor in Jurisprudence and Property law courses. In 2012/2013 he was selected as a recipient of highly competitive Australian Aid scholarship to study a unique LLM programme in International Trade, Investment and Business Law in Africa at the University of the Western Cape. Moses holds a specilised LLM degree in International Trade, Investment and Business Law in Africa from the University of the Western Cape (South Africa), an LLB from the University of Fort Hare (South Africa), and a Certificate of Proficiency from the Cape Law Society, a Certificate in Practical Legal Training from the East London School of Legal Practice: Law Society of South Africa. His research fields are International Finance and Financial Markets Regulations, Stock market development International trade, Investment and Business law.

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