SA’s main bourse says earnings could fall by more than a third in the six months to end-June because of muted trading activity.
Earnings had been dented by “a decline in the key activity drivers in the main asset classes traded on the JSE and, in particular, lower value traded in the equities market”. The JSE said its numbers had also been affected by the addition of new staff, and a new tiered-billing model for equities trading, which reduced trading costs for clients.“The JSE’s cash and capital remain healthy and position the JSE well to execute on its various strategic initiatives,” the exchange said.
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