What’s driving capital market developments in South Africa and Namibia?

Reported today on City AM

For the full article visit: https://www.cityam.com/capital-market-developments-south-africa-namibia-cfa-institute/

CFA Institute has examined Africa’s 10 largest capital markets in a major report compiled by Heidi Raubenheimer, CFA, our senior director for journal publications. Here we highlight key developments in different countries, starting with neighbours South Africa and Namibia.  South Africa: Johannesburg Stock Exchange facing competition South Africa – the second-largest economy in Africa after Nigeria – has considerably higher GDP than its sub-Saharan neighbours.The country is home to the largest stock market in Africa, the Johannesburg Stock Exchange (JSE), which is 132 years old and has a capitalisation of more than USD1 trillion.The JSE is a sophisticated and modern exchange, providing full electronic trading, clearing and settlement in equities, bonds and interest-rate products, as well as financial, commodity and currency derivatives.There are about 350 companies listed on the JSE, of which the largest grouping is industrials, followed by resources companies such as mining and oil companies. But the JSE faces significant headwinds. Having faced no competition for decades, the JSE is now challenged by smaller rivals such as ZAR X, a low-cost model created in 2016 to provide lower-income individuals with access to stocks.Since then, other competitors have joined the fray, including A2X, 4AX, and the black economic empowerment-focused Equity Express Securities Exchange. Market focus is currently on the recently introduced ‘twin peaks’ model of regulation, which responds to poor practices in the financial sector and inadequate regulatory oversight.As in Australia, where the model debuted, it is designed to foster trust among investors and spur capital formation. Namibia: finance, banking and mining dominate the exchangeThe Namibian Stock Exchange (NSX) has 424 listed comp

Original of the video here
South Africa News
South Africa Entertainment News
South Africa Sport News
South Africa Business News
Back to home page

Leave a Reply

Your email address will not be published. Required fields are marked *