Capital Markets

South Africa’s capital markets are continuing to enjoy relatively healthy growth on the back of improved regulation and supervision. The authorities are working to strengthen the market's regulatory framework, particularly in terms of settlement cycles and systemic risk related to over-the-counter securities. Technical and regulatory improvements at the Johannesburg Stock Exchange (JSE) are continuing apace, with new products, better supervision and a renewed emphasis on cross-border activity at the forefront of market developments. Market players are working to capitalise on growing investor interest in Africa and establish South Africa as a regional epicentre for initial public offerings and derivatives trading. While the market will continue to be buffeted by international headwinds and a weaker global economy, the JSE is set to maintain its reputation as Africa’s soundest capital market.

This chapter contains interviews with Donna Oosthuyse, Director of Capital Markets, Johannesburg Stock Exchange; and Stephen van Coller, Chief Executive of Corporate and Investment Banking, Barclays Africa.