JSE ups dividend after record 2021
Company increased its payout despite low interest rates pressuring finance income
01 March 2022 - 13:10
UPDATED 01 March 2022 - 20:08
The JSE, the company that operates Africa’s largest stock exchange, says SA’s low interest-rate environment put pressure on its finance income in 2021, but it is pleased with its operational delivery in what are volatile markets, and has upped its dividend payout.
The JSE’s revenue depends on the level of market activity, with its market share by value of trade 99.75%. Operating revenue grew 3% to R2.52bn in the group’s year to end-December, but profit fell 7% to R722m, with finance income falling more than a quarter due to interest rates hovering at a five-decade low for much of the year...
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