JSE revels in market volatility
JOHANNESBURG The Johannesburg Stock Exchange (JSE) on Tuesday (August 2), reported a strong performance for the first half of 2022, delivering revenue growth across all segments.
Headline earnings per share (HEPS) increased by 29 per cent year-on-year (YoY) to 542.7 cents per share, while operating revenue was up 10 per cent to R1.35 billion.
Earnings before interest tax depreciation and amortisation (EBITDA) increased by 20 per cent to R627 million, with the EBITDA margin improving from 42 per cent to 45 per cent in the corresponding period in 2021, the group said.
Capabilities
“Throughout this period, uncertainty in the markets manifested in volatility and higher trade activity. The depth of the JSE’s operational capabilities has ensured resilience during these volatile periods,” said Leila Fourie, Group CEO at the JSE.
“I am particularly pleased with the contribution of annuity revenue derived from business uncorrelated to trading activity and our disciplined cost management. These steady improvements create positive momentum and together underpin the quality of earnings in line with our strategy.”
Platform
The group launched its JSE Private Placements (JPP), an automated and digitised platform that offers services to private entities looking to raise debt or equity.
The online solution connects private companies and issuers directly to investors, enabling private capital formation in a more transparent, efficient, and accessible manner. Since its launch in January 2022, JPP has eleven issuances year to date and over R10 billion in investor capital on boarded, the group said.
The JSE also launched JSE Trade Explorer to provide equity market trade analytics. It also grew JSE Investor Services (JIS) market share, from 20 per cent at acquisition to 27 per cent, and added 14 new clients.