JSE warns of steep drop in annual profit
Reduced trading levels and investments in technology and extra staff hammered Africa's largest bourse in 2019
20 December 2019 - 10:56
The JSE, Africa’s largest bourse, warned on Friday that its full-year profits would fall by a fifth, as it ran up costs to employ more people and implement new technologies against a decline in first-half trading.
The JSE had a difficult year, with more than R30bn worth of divestments in the first half of 2019 followed by the departure of CEO Nicky Newton-King after eight years at the helm...
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