Tag: Johannesburg Stock Exchange (JSE)

The Johannesburg Stock Exchange (JSE) is the largest bourse in Africa. Its market cap of approximately ZAR20 trillion also means that it sits in the top 20 of the world’s largest stock exchanges. Despite that size and heft, it is under significant pressure. In addition to increased competition from newer exchanges such as the Cape Town Stock Exchange and A2X Markets, it has a serious delisting problem.

We are pleased to announce that the Financial Sector Conduct Authority (FSCA) has approved our amendments to the listings requirements dealing with market segmentation which come into effective on 23 September 2024.

The Satrix Global Infrastructure Feeder ETF (STXIRF) began trading on JSE yesterday, offering investors an investment vehicle that gives them exposure to a diversified portfolio of the largest and most liquid infrastructure companies in developed and emerging markets.

We have once more partnered with FTSE Russell to launch a new multi-asset index solution for the South African market, leveraging the long-standing relationship between the two organisations and the rich base of the existing index offering.

Keep up to date on the most important Financial Services Regulation developments in South Africa in June 2021.

The Naspers Board is immensely proud of what our people achieved during the past year. They managed the pandemic, delivered powerful revenue growth and lifted profitability. Foundations were laid for future growth. The year ended 31 March 2021 (FY21) was an extraordinary period.

The JSE has issued a consultation paper proposing changes to the Listings Regulations to cut red tape and achieve an effective, fit-for-purpose set of regulations for financial markets.

The JSE has identified focus areas for listed companies to consider when raising capital to weather the COVID-19 crisis, including the amount of information they need to disclose. Over the last few months, many issuers have approached investors to raise capital to weather the COVID-19 storm or are in the process of doing so.

On Tuesday Stats SA announced that SA’s GDP had contracted 51% between April and June (using annualised quarter on quarter numbers – in other words, this is a 17% decrease for the quarter) as a result of the lockdown imposed in response to Covid-19. The contraction was shocking – but not unexpected. Given that government took the decision to implement one of the harshest and longest lockdowns globally, the severity of the economic contraction should not come as a surprise.  

Despite the hurdles, opportunities abound in Africa for private equity - but innovation and a long-term approach are needed.