Capital Raising on the JSE, are we about to turn the corner?

May 6, 2024

It is well-documented that the JSE had been losing listings at a steady rate, declining from 616 companies in the year 2000, to having slipped under the 300 mark currently. [BB1] Reasons typically provided are the onerous requirements and costs of the JSE. However, in a study of the JSE mining sector, conducted by Aprio in early 2023, we found that other reasons such as the business environment (commodity cycle), breach of rules/fiduciary duty and corporate action (mergers & acquisitions) far outnumbered the reasons for delisting, compared to JSE rules and costs.

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