JSE named best regulated in WEF report

Comment on this story
IOL image JSE interior view INDEPENDENT MEDIA The JSE is seen in this file photo: Leon Nicholas.

Johannesburg - The Johannesburg Stock Exchange, operator of the continent’s largest equities and bond markets, ranked first among 144 nations for the effectiveness of regulation and supervision, the World Economic Forum said.

It’s the fifth consecutive year the JSE was listed first in the Global Competitiveness Report, the exchange said in an e-mailed statement today.

South Africa ranked third in the ability to raise finance through the local equity market and the effectiveness of corporate boards.

It was second in protecting the rights of minority shareholders and 53rd on its Global Competitiveness Index.

The collapse of African Bank Investments Ltd, South Africa’s largest provider of unsecured loans, last month froze the nation’s corporate bond market.

The local units of Toyota and Bayerische Motoren Werke postponed debt sales after the nation’s first bank failure in 12 years that followed a 95 percent plunge in African Bank’s share price over a period of three days.

The FTSE/JSE Africa All Share Index gained 12 percent this year to beat a 10 percent advance in the MSCI Emerging Markets gauge.

The WEF, which hold an annual meeting in Davos, Switzerland, uses criteria including quality of infrastructure and institutions, efficiency and market sophistication for its judgments. - Bloomberg News

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines