A naukri.com initiative
Moneyweb
4w
311
JSE continues its drive to become a more global exchange
- The Johannesburg Stock Exchange (JSE) reported strong financial results for the year ended December 2024, showing growth in various operations beyond just trading.
- Key points include a 10.4% increase in Impact, a rise in Return on Equity (RoE) from 19.4% to 20.2%, and a focus on diversifying non-trading revenue.
- The JSE's cash generative nature allowed for a 5.6% increase in declared dividends as the share price outperformed benchmark indices.
- Efforts to balance growth with costs and investments in tech and innovation have been highlighted, along with partnerships with global players for accelerated delivery.
- The JSE has signed agreements with various global exchanges, aiming to expand its international footprint and attract more international investors.
- Interest in South Africa from international investors has been growing, with significant increases in value traded on the exchange and inbound bond trading.
- Changes in director responsibilities at JSE include the appointment of Ben Kruger as lead independent and others to key committees for governance and sustainability.
- Regarding the trade repository by Strate, JSE supports the move, emphasizing the importance of transparency and stability in markets, especially during crises.
- With only 0.03% downtime in the year, the JSE remains a reliable exchange in Africa, focusing on enhancing transparency and stability in the financial markets.
- Overall, the JSE's strategic efforts towards diversification, global expansion, and solid governance reflect a positive outlook on its future performance.
Read Full Article
18 Likes
For uninterrupted reading, download the app