Serious intervention needed to fix capital markets
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South Africa’s capital markets are in a state of existential crisis. Yes, there is a global trend towards fewer listed companies with the rise of private markets but in South Africa the delisting deluge is acute.
25 companies delisted from the JSE in 2021, with just seven new listings in the same period.
This year we are heading towards that number again and we are mid-way into the second quarter….The flotation of Coca-Cola Beverages Africa (CCBA) has been pushed out to Q3 and would be the biggest on the JSE since at least 2016 and a major boost for the flagging index.
It’s a complex issue that requires us to correctly identify the root causes of the problems in order to address them swiftly and incentivise the roleplayers to act accordingly if we are to turn things around for local investors, savers and pensioners. And was a key issue during the Johannesburg Securities Exchange AGM held yesterday.
To discuss this Michael Avery joined by Dr Leila Fourie, CEO of the JSE; Chris Logan of Opportune Investments and David Holland of Fractal Value Advisors
25 companies delisted from the JSE in 2021, with just seven new listings in the same period.
This year we are heading towards that number again and we are mid-way into the second quarter….The flotation of Coca-Cola Beverages Africa (CCBA) has been pushed out to Q3 and would be the biggest on the JSE since at least 2016 and a major boost for the flagging index.
It’s a complex issue that requires us to correctly identify the root causes of the problems in order to address them swiftly and incentivise the roleplayers to act accordingly if we are to turn things around for local investors, savers and pensioners. And was a key issue during the Johannesburg Securities Exchange AGM held yesterday.
To discuss this Michael Avery joined by Dr Leila Fourie, CEO of the JSE; Chris Logan of Opportune Investments and David Holland of Fractal Value Advisors
