A recent survey by EY noted that in the past decade, private markets have more than doubled from $9.7-trillion in assets under management (AUM) in 2012, and are estimated to have reached $22.6-trillion AUM by end-2022.

Given that global stock market capitalisation is about $110-trillion, it would suggest that the hand-wringing about declining listings on most stock markets (not just the JSE) has not been matched by actually listening to the answers. No doubt the low cost of funding for private market activity (from, say, 1990 to 2021) has accelerated the trend, but the environmental drivers remain intact...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.