After India and china, South Africa has the potential to become the next big economic power based on its vast mineral riches including also the gas exploration potential. Increasingly china and India are already exploiting this potential by importing more iron ore and other commodities with Africa and also exporting products to this country for their mutual benefit.
List of South Africa stock Markets
Both stock markets of china and India have steadily grown in the past few years . But data from 2008 say that the Indian bourses are much better in many ways. There are just 893 companies listed on the Shanghai Stock Exchange, compared to 4,909 companies listed on the BSE and more than 2,500 stocks traded every day.
Some of the aouth african stock exchanges
Botswana Stock Exchange – http://www.bse.co.bw/ ( Botswana)
The Botswana Stock Exchange is Botswana’s national stock exchange given the responsibility to operate and regulate the equities and fixed interest securities market. Formally established in 1989, the BSE continues to be pivotal to Botswana’s financial system
Nairobo Stock Exchange – http://www.nse.co.ke/ ( Kenya)
In 1954 the Nairobi Stock Exchange was then constituted as a voluntary association of stockbrokers registered under the Societies Act. 1988 saw the first privatization through the NSE,of the successful sale of a 20% government stake in Kenya Commercial Bank. The sale left the Government of Kenya and affiliated institutions retaining 80% ownership of the bank.
Johannesburg Stock Exchange – http://www.jse.co.za/Home.aspx ( South Africa)
The JSE Ltd (“JSE”) is licensed as an exchange under the Securities Services Act, 2004 and Africa’s premier exchange. The JSE has evolved from a traditional floor based equities trading market to a modern securities exchange providing fully electronic trading, clearing and settlement in equities, financial and agricultural derivatives and other associated instruments and has extensive surveillance capabilities
According to the International Monetary Fund’s recent prediction, Africa’s growth rate should become more than Asia’s within the next five years. As per a a recent survey, Among the 12 fastest growing economies in the world, almost half are from Africa with Ghana clocking the highest growth rate among all the 12 countries on the list.
Useful links & Info on South Africa Markets
Stock Market Development in Sub-Saharan Africa: Critical Issues and Challenges – This paper examines the economic importance of stock markets in Africa. It discusses policy options for promoting the development of the stock market in Africa
African stock markets handbook – The African Stock Markets Handbook, published by the United Nations Development Program (UNDP) on the occasion of the 2003. African Capital Markets Forum, provides investors with a comprehensive overview of the African stock industry
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