JSE CEO Nicky Newton-King is hopeful 2018 will be better for Africa’s largest exchange than 2017, as local sentiment improves and key technology projects are delivered. "When the national sentiment is more positive that is good for capital raising, for entrepreneurs feeling like there’s an opportunity to do something and investors feeling that they should back people who are prepared to put some effort in," Newton-King said on Wednesday after the release of underwhelming annual results. The JSE Ltd reported a 5% decline in operating revenue to R2.2bn for the year to December 2017, as trading values and volumes fell. Group earnings were down 9% to R836m, while cash equities trading revenue slid 11% to R507m. The political and economic uncertainty that plagued SA in 2017, coupled with credit ratings downgrades, weak growth and a loss of business confidence, led to a decline in long-term capital market investing by locals and foreigners. But the situation had already improved, said New...

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