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Revenue soars in first year of JSE as listed company
BUOYANT South African markets recording high volumes and phenomenal growth in the Single Stock Futures (SSF) market have boosted revenue at the JSE in its first year as a listed company.
Initiatives, including the launch of Rand Currency Futures in the first half of this year, are expected to help maintain momentum at the exchange. The JSE listed last June following its de-mutualisation after it lost its taxexemption status.
The JSE posted revenue of R640 million for the year to December, up 57% on the previous year's. Other income rose 158% to R65 million. This includes income generated by the JSE Guarantee Fund Trust and JSE Derivative Fidelity Fund Trust, which are controlled by the JSE.
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