The JSE, the company that operates Africa’s largest stock exchange, says profits rose more than a quarter in its half year to end-June, lifted by higher interest rates and its push into new services, such as market intelligence and shareholder management.
The JSE’s revenue depends on the level of market activity, with its market share by value of trade 99.7%, with the firm saying on Tuesday it had maintained this, while its investors services business was winning new clients...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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