Delisting crisis for the JSE
Almost every day, there’s some new announcement of a company looking to delist from the JSE. For investors, it’s creating a smaller pool of options. What’s behind this red tide? And what can be done to reverse the grim trend?
14 November 2019 - 04:00
Leila Fourie, the newly minted CEO of the largest stock exchange on the continent, bristles when asked if the wave of delistings from the JSE this year — 21 and counting — represents something of a crisis for the local market.
"We saw this before in 2008. We’re at a low point in the cycle because our economy is in a downturn, and people typically shift their money out of equity into bonds or cash...
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