11 May 2017

SOUTH AFRICAN MARKETS REACH 11-MONTH HIGH

Connect to the Johannesburg Stock Exchange from anywhere in the world.

The stock markets in South Africa have recently been under the spotlight since the ousting of the country’s Finance Minister Pravin Gordhan only one month ago by President Jacob Zuma.

It was announced on Wednesday that the SA markets have now reached an 11-month high, displaying a renewed calmness in the market following this period of political turmoil.

At the heart of it all is the Johannesburg Stock Exchange (JSE), which serves secure, efficient primary and secondary capital markets across a diverse range of securities, supported by post-trade and regulatory services.

The JSE is currently ranked the 19th largest stock exchange in the world by market capitalisation and is the largest exchange in the African continent.

The future is looking bright for the exchange and the African continent as a whole.

The Sub-Saharan region of Africa is experiencing strong economic growth, accounting for 30% of South Africa’s total exports and an even greater proportion of manufacturing exports, making it the country’s largest export destination.

According to fin24, “the strong recovery in Sub-Saharan Africa is good news for South Africa’s economy. Following growth of just 0.7% in 2016, GDP in the region is expected to expand in 2017 by 3.5%, accelerating to 4.0% in 2018 amid rising international commodity prices and normalisation of weather patterns, in turn boosting agricultural output and hydroelectricity generation.”

This positive projected economic growth coupled with the 2011 decision to lift South Africa’s inward listing rules for foreign investors presents South Africa as an attractive listing destination for financial organisations.

To discover more about connectivity in the region to Asia, the Middle East, Europe and the Americas, as well as hosting, MPLS and colocation services within the JSE, contact our expert global team.

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The company was founded in 2004 and serves the world’s largest financial institutions. BSO is a global pioneering infrastructure and connectivity provider, helping over 600 data-intensive businesses across diverse markets, including financial services, technology, energy, e-commerce, media and others. BSO owns and provides mission-critical infrastructure, including network connectivity, cloud solutions, managed services and hosting, that are specific and dedicated to each customer served.

The company’s network comprises 240+ PoPs across 33 markets, 40+ cloud on-ramps, is integrated with all major public cloud providers and connects to 75+ on-net internet exchanges and 30+ stock exchanges. The team of experts works closely with customers in order to create solutions that meet the detailed and specific needs of their business, providing the latency, resilience and security they need regardless of location.

BSO is headquartered in Ireland, and has 11 offices across the globe, including London, New York, Paris, Dubai, Hong Kong and Singapore. Access our website and find out more information: www.bso.co