Home Highlight JSE revenue and profit drop in slow trade

JSE revenue and profit drop in slow trade

by Jonathan Adams

Thin trading volumes have hit JSE Ltd, with the company reporting a double-digit drop in interim earnings as low volatility and declining investor sentiment hurt revenue.

“The country is plagued by low growth, [credit] ratings downgrades and a loss of business confidence. It’s a tricky environment to make long-term capital bets and we see the results of that,” JSE CEO Nicky Newton-King said on Thursday.

For the six months to June, the JSE’s operational earnings slipped 20% to R453m.

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