JSE CEO Leila Fourie has defended the exchange against fierce criticism at its annual general meeting last week over its inability to arrest a continued slide in listings, saying it is a symptom of a weak economy and new trends in how companies raise capital.

Data compiled by Chris Logan, chief investment officer at Opportune Investments and among the strongest critics at the June 3 meeting, shows 137 companies delisted from the JSE between 2015 and 2020. Though the exchange attracted 83 new listings over that time, it was still left with a net 54 delistings. There have been 14 more delistings so far in 2021...

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