Fewer stocks, bigger risks
The Citizen|November 04, 2024
JSE: LESS THAN 300 COMPANIES LISTED
Keegan Marcia
Fewer stocks, bigger risks

The Johannesburg Stock Exchange (JSE) has faced significant challenges over the years, particularly in the form of a shrinking number of listed companies.

From a peak of 669 listings in 1998, the JSE has seen a decline of over 50%, with fewer than 300 companies currently listed. This reduction is attributed to factors such as increased regulatory costs, challenging economic conditions in South Africa, and strategic moves by companies to pursue delisting in favor of private equity opportunities.

The decline in new listings, particularly after the 2008 global financial crisis, has exacerbated this trend.

While the JSE attempted to rejuvenate the market with platforms like AltX for small and mid-sized enterprises, delistings have continued to outpace new entries.

The impact of these delistings is a more concentrated market, dominated by a few large companies, especially in sectors like commodities and tech, with major players like Naspers and Prosus holding weight.

This story is from the November 04, 2024 edition of The Citizen.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the November 04, 2024 edition of The Citizen.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE CITIZENView All
The Citizen

Scotland may be too brave

Scotland's 57-17 hiding handed to Fiji on Saturday has got all the fans up north excited about their team's prospects against the Springboks in Edinburgh this Sunday.

time-read
1 min  |
November 05, 2024
RECORD CHASERS
The Citizen

RECORD CHASERS

BUCS: HISTORY BECKONS IF THEY BEAT RICHARDS BAY

time-read
1 min  |
November 05, 2024
Jordan happier in No 10 jersey
The Citizen

Jordan happier in No 10 jersey

Springbok utility back Jordan Hendrikse (below) is happy to fit in with the national team wherever he is needed, although he would prefer to feature in his main position at flyhalf.

time-read
1 min  |
November 05, 2024
The Citizen

Black Caps are 'taking on the world'

Mumbai - New Zealand batsman Daryl Mitchell hailed his side as \"a bunch of Kiwis taking on the world\" after their historic 3-0 Test series triumph in India.

time-read
1 min  |
November 05, 2024
Chawane hails early progress
The Citizen

Chawane hails early progress

Team captain Khanyisa Chawane (above) is pleased with the early progress shown by the Proteas netball squad under new leadership.

time-read
1 min  |
November 05, 2024
'Insane' Max is nudging closer
The Citizen

'Insane' Max is nudging closer

BRAZIL: ONE OF THE GREATEST WET WEATHER DRIVES

time-read
2 mins  |
November 05, 2024
Amorim is turning to red-hot striker Gyokeres
The Citizen

Amorim is turning to red-hot striker Gyokeres

Lisbon - Sporting Lisbon coach Ruben Amorim is relying on red-hot striker Viktor Gyokeres (right) to land a blow on future rivals Manchester City, in his final Champions League match at the helm today.

time-read
2 mins  |
November 05, 2024
Barca keep on soaring higher
The Citizen

Barca keep on soaring higher

Barcelona - Dani Olmo (above) scored twice on his first start back from injury as Barcelona beat local rivals Espanyol 3-1 on Sunday to move nine points clear at the top of La Liga.

time-read
1 min  |
November 05, 2024
A 'beautiful challenge'
The Citizen

A 'beautiful challenge'

ALONSO: FORMER LIVERPOOL STAR RETURNS TO ANFIELD WITH LEVERKUSEN

time-read
2 mins  |
November 05, 2024
Mngqithi shrugs off 'favourites' tag
The Citizen

Mngqithi shrugs off 'favourites' tag

Mamelodi Sundowns coach Manqoba Mngqithi (right) has dismissed his side's \"favourites\" tag after knocking Kaizer Chiefs out of the Carling Knockout on Saturday.

time-read
1 min  |
November 05, 2024