Profit growth sees JSE up dividend

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A resilient and diversified operating revenue profile supported the strong results, despite equity trading volumes being down by 9.5%: CEO Dr Leila Fourie.

You can also listen to this podcast on iono.fm here. ADVERTISEMENT CONTINUE READING BELOW JIMMY MOYAHA: From JSE-listed companies to the JSE itself. The JSE has reported its full-year results, and as it stands, the JSE has a value of R7.6 billion. I’m joined on the line by Dr Leila Fourie, who is the chief executive of the Johannesburg Stock Exchange, to reflect on those numbers and some of the developments that we know from the JSE stable.

JIMMY MOYAHA: Dr Fourie, speaking of partnerships and the strategy that the business has, there’s capex of R155 million and a bunch of new partnerships that you’ve alluded to and improvements to the offerings. Can you just shed some light on the decisions around allocations – what the focus areas might be from that perspective? We know that the JSE had very little downtime in this last year, but even the downtime that you had I’d imagine you are working on improving.

And this is for a critical application which is used by the JSE to manage our systemic risk and to make sure that investors are protected when they trade on the JSE. The solution has been in place for a bit over a year now, and it has had a highly successful first year of operation. JIMMY MOYAHA: Dr Fourie, as we look at the client-centric focus that the JSE is on, do we expect to see things like bitcoin listings or bitcoin ETF listings any time soon? We’ve seen that ever since the US SEC has passed that – and we’re still going through our own CASP licensing – there is a demand for it, at least at an institutional level.

 

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