WATCH: Delisting crisis requires capital markets reform
Business Day TV speaks to Leon Campher, Chris Logan and David Holland
13 April 2022 - 16:10
byBusiness Day TV
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SA’s capital markets are in a state of existential crisis. There is a global trend towards fewer listed companies with the rise of private markets, but in SA the delisting deluge is acute.
Twenty-five companies delisted from the JSE in 2021, with just seven new listings in the same period. This year we are sitting on another 20 delistings and we are scarcely into the second quarter.
We should all encourage the JSE to make itself more attractive to new listings but we should also consider the negative role played by the policymakers in the Treasury and the underlying structural concerns raised by Paul Miller recently, which point to a playing field favouring large investment institutions over small retail investors.
Business Day TV spoke to Leon Campher, outgoing CEO of the Association for Savings and Investment SA; Chris Logan of Opportune Investments; and David Holland of Fractal Value Advisors.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
BUSINESS WATCH WITH MICHAEL AVERY
WATCH: Delisting crisis requires capital markets reform
Business Day TV speaks to Leon Campher, Chris Logan and David Holland
SA’s capital markets are in a state of existential crisis. There is a global trend towards fewer listed companies with the rise of private markets, but in SA the delisting deluge is acute.
Twenty-five companies delisted from the JSE in 2021, with just seven new listings in the same period. This year we are sitting on another 20 delistings and we are scarcely into the second quarter.
We should all encourage the JSE to make itself more attractive to new listings but we should also consider the negative role played by the policymakers in the Treasury and the underlying structural concerns raised by Paul Miller recently, which point to a playing field favouring large investment institutions over small retail investors.
Business Day TV spoke to Leon Campher, outgoing CEO of the Association for Savings and Investment SA; Chris Logan of Opportune Investments; and David Holland of Fractal Value Advisors.
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