JSE delivers on promises to think outside the box
--:--
The Johannesburg Securities Exchange delivered a Strong performance in core business units for the full year, underpinned a 19% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to R1.06 billion (2019: R889 million). The JSE’s record revenue during the period largely reflects the impact of increased market volatility.
IT’s been a busy period for the JSE too, announcing it will approach regulators about listing instruments across a range of currencies including the US dollar as part of sweeping proposals aimed at positioning itself as the centre of capital-raising on the continent. Sealing the deal with Link Market Services.
And lifting the lid on a transaction with next generation UK fintech company, Globacap Technology Limited (Globacap) to progress a digital private placements platform and registry services. The deal brings together the JSE, Africa’s largest Stock Exchange, and Globacap, a leading regulated private placement and capital management platform that digitally administrates over £1 billion of private shares and debt instruments for 60 companies and over 8,000 shareholders worldwide in 35 countries
The JSE concluded a deal late in the fourth quarter that sees locally listed shares become available for trade by Chinese traders active on the Shanghai Stock Exchange as part of a plan to encourage more offshore traders to begin inbound trading on SA’s most dominant securities exchange.
But also a time when delistings are on the rise and small and mid-caps seeking secondary listings offshore is increasing as executives are vocal about the cost benefit of remaining listed in SA.
Michael Avery sat down with the CEO of Africa’s largest exchange, Dr Leila Fourie, to talk about a transformative time for the JSE, and how she approaches these competing forces on the business.
IT’s been a busy period for the JSE too, announcing it will approach regulators about listing instruments across a range of currencies including the US dollar as part of sweeping proposals aimed at positioning itself as the centre of capital-raising on the continent. Sealing the deal with Link Market Services.
And lifting the lid on a transaction with next generation UK fintech company, Globacap Technology Limited (Globacap) to progress a digital private placements platform and registry services. The deal brings together the JSE, Africa’s largest Stock Exchange, and Globacap, a leading regulated private placement and capital management platform that digitally administrates over £1 billion of private shares and debt instruments for 60 companies and over 8,000 shareholders worldwide in 35 countries
The JSE concluded a deal late in the fourth quarter that sees locally listed shares become available for trade by Chinese traders active on the Shanghai Stock Exchange as part of a plan to encourage more offshore traders to begin inbound trading on SA’s most dominant securities exchange.
But also a time when delistings are on the rise and small and mid-caps seeking secondary listings offshore is increasing as executives are vocal about the cost benefit of remaining listed in SA.
Michael Avery sat down with the CEO of Africa’s largest exchange, Dr Leila Fourie, to talk about a transformative time for the JSE, and how she approaches these competing forces on the business.