South Africa: deregulation in the stock exchange
Article Abstract:
The Johannesburg Stock Exchange (JSE) will be deregulated and this is likely to have a major impact. The JSE is likely to see more foreign players, the spread of screen trading and more corporate members. Efficiency, security and liquidity should be improved. Links have been established between six foreign companies and major South African stockbrokers. The foreign brokers include James Capel, and Smith New Court, both from the UK. A Financial Development Sector has been set up to help raise funds for development.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Stock exchange
Article Abstract:
Johannesburg Stock Exchange (JSE) is efficient and has trasnparent dealing systems but lacks liquidity and sizeable trading only occurs with the main 20% of JSE quoted companies. Some non-core businesses may be sold by Anglovaal and Anglo-American but this may not change the ownership structure if existing large shareholders buy the shares. A dcline in the valueof the South African rand has deterred many foreign investors and the future of the market is linked to the value of the rand.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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International aid
Article Abstract:
South Africa is focusing on boosting investment, trade and funding through development loans. Foreign aid previously tended to be linked to anti-apartheid projects. Some $1.75 billion has been promised to the government for the five years from 1995, with technical assistance accounting for 11% of this, loan for 47%, and grants for 42%. Non-governmental organizations will need to become more professional and rationalize their activities as more funds are directed at the government.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
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