Eskom has met with CEOs and top leadership from at least 70 businesses in a JSE- and Business Leadership South Africa-led session.
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Four-year-old South African stock exchange A2X expects to break even by 2023 as trading in the secondary listings it offers takes off.
Telkom’s sprawling wholesale division, Openserve, is likely to be the next unit of the telecommunications group to be listed on the JSE.
A global surge in initial public offerings, especially in the technology sector, has so far eluded sub-Saharan Africa.
Datatec’s share price is in the dumps and the management team, led by CEO Jens Montanana, is thinking big to find ways of unlocking value.
4AX, a rival stock exchange to the JSE launched in 2017, is relocating from Johannesburg to Cape Town, will be rebranded as the Cape Town Stock Exchange, and will position itself as the “Nasdaq of Africa”.
The deal between South Africa’s Naspers and its spinoff Prosus this week caused havoc, with the JSE forced to delay opening by hours on Wednesday amid the rush of rebalancing trades.
The five-and-a-half-hour outage on the JSE that prevented traders buying and selling stocks until well into the afternoon on Wednesday was not a good signal for a bourse that touts itself as Africa’s finest.
The rand, which managed to avoid a major blowout following riots in two of South Africa’s key provinces in July, finally gave way and weakened below the psychological R15 to the US dollar level on Thursday.
The JSE equities trading market failed to open on Wednesday for technical reasons, causing enormous frustration in the investment community.