Streaming issues? Report here
money-show-thumbnailjpg money-show-thumbnailjpg
The Money Show with Bruce Whitfield
18:00 - 20:00
volume_up
volume_mute

Up Next: The Aubrey Masango Show
See full line-up
The Money Show with Bruce Whitfield
18:00 - 20:00
Home
arrow_forward
Business

JSE closes at highest level for 2020 with surge in demand (mid-pandemic!)

5 August 2020 6:49 PM
Tags:
JSE
The Money Show
Johannesburg Stock Exchange
Bruce Whitfield
investments
stock markets
COVID-19
leila fourie
coronavirus crisis

The Money Show's Bruce Whitfield interviews Johannesburg Stock Exchange boss, Leila Fourie.

Pandemic or no pandemic, there were more gains for the Johannesburg Stock Exchange (JSE) on Wednesday as it closed at record levels.

While trade volumes have been boosted, 2020 has also seen a drop in listings.

RELATED: Pandemic! Depression! Mass unemployment! Yet, the JSE is rising. Why?

The volatility we've seen this year boosts the number of trades; it boosts their profits, but it undermines confidence in the long-term.

Bruce Whitfield, The Money Show host

Bruce Whitfield interviews JSE CEO Leila Fourie.

We've had record volumes during the month of March... On the 24th of March we had our biggest day in the history of the JSE...

Leila Fourie, CEO - Johannesburg Stock Exchange

Although we had this hyperactive trading in March... to a pretty staggering rally in April and May, we have seen that the dynamics of our market have translated into a pillow or a cushion for investors.

Leila Fourie, CEO - Johannesburg Stock Exchange

For the year to date, our top 40 is up from last year and so we're very pleased that our market has demonstrated a level of resilience and that the structure of the market is different in South Africa than it may be, for example, in Europe where they are highly exposed to automobile, airline and industrial companies.

Leila Fourie, CEO - Johannesburg Stock Exchange

We have a number of tech companies, a number of data companies and also a number of resource companies which have rallied off the back of the enormously increasing gold price we saw yesterday (Tuesday)...

Leila Fourie, CEO - Johannesburg Stock Exchange

How is the JSE coping with the increased demand on its system?

Fourie notes that the company has been investing incrementally in technology, enabling the bourse to withstand current massive volumes.

I am incredibly proud of the staff and particularly pleased with the way in which our tech has held up.

Leila Fourie, CEO - Johannesburg Stock Exchange

The crisis means different things to different people and with a hugely scaled and high volume market, it puts particular pressure on both the traders and the JSE to make sure that systems stay up and running. We didn't have any downtime during this crisis.

Leila Fourie, CEO - Johannesburg Stock Exchange

Listen to the interview on The Money Show:


This article first appeared on 702 : JSE closes at highest level for 2020 with surge in demand (mid-pandemic!)


5 August 2020 6:49 PM
Tags:
JSE
The Money Show
Johannesburg Stock Exchange
Bruce Whitfield
investments
stock markets
COVID-19
leila fourie
coronavirus crisis

More from Business

Ecstasy mandy mdma 123rf 123rflifestyle

Decriminalise the use of recreational drugs – Department of Social Development

25 September 2020 3:37 PM

"It’s time to stop arresting drug users," Deputy Minister of Social Development Hendrietta Bogopane-Zulu told the UN this week.

Share this:
Read More arrow_forward

Elon Musk on the cover of Newsweek 123rfbusiness 123rf 123rflifestyle

Elon Musk is R1.1 trillion richer than at the start of the pandemic

25 September 2020 2:08 PM

The Pretoria native is having an excellent pandemic – much like his über-rich peers.

Share this:
Read More arrow_forward

Woman saving money piggy bank mask 123rf 123rfbusiness 123rflifestyle

Money lessons Covid-19 taught – heed them for a brighter, wealthier future

25 September 2020 10:44 AM

Your financial future – even if you have to start over – could be brighter than it would’ve been without the pandemic.

Share this:
Read More arrow_forward

Deputy Chief Justice Raymond Zondo at the state capture inquiry

'It’s sad and awful! Judge Raymond Zondo sounds resigned and defeated'

25 September 2020 9:17 AM

"Zondo’s comments at the end of the hearing; it was just so bleak! A sombre, grim end to a day," says journalist Erin Bates.

Share this:
Read More arrow_forward

cashless-paymentjpg

'SA cash economy about 60% of GDP, moving that to digital would be huge saving'

24 September 2020 8:39 PM

The Covid-19 pandemic's moving us towards a cashless society. Arabile Gumede interviews Ukheshe co-founder, Clayton Hayward.

Share this:
Read More arrow_forward

Small business owners entrepreneurs entrepreneurship 123rf 123rfbusiness

Retail Capital injects R500m into economy through Covid-relief for SMEs

24 September 2020 7:41 PM

'Smaller businesses have largely been ignored'. Arabile Gumede interviews Retail Capital CEO Karl Westvig.

Share this:
Read More arrow_forward

national_lottery.jpg

Diverted Lotto millions: 'Can we please get to holding people to account!'

24 September 2020 6:58 PM

Outa's Stefanie Fick urges the speedy investigation of allegations against the suspended COO of the National Lotteries Commission.

Share this:
Read More arrow_forward

Skyscrapers CBD Johannesburg 123rf 123rfbusiness

Long-term investment case for property in Africa remains intact

24 September 2020 1:38 PM

There’ll be many opportunities for frontier investors in the coming years, says Absa's Somaya Joshua.

Share this:
Read More arrow_forward

villa mansion pool dusk 123rf 123rfbusiness 123rflifestyle

Joburg City Power cuts wealthy Dainfern households for electricity theft

24 September 2020 12:49 PM

"There was resistance," says City Power's Isaac Mangena. "Security told us, 'Why are you here? Politicians stay in this area!'"

Share this:
Read More arrow_forward

Depressed boy child holding smile smiley pretending depression depressed 123rf

Social media: We are puppets. Especially our kids – Netflix documentary

24 September 2020 11:46 AM

We’re lab rats in a social experiment of unapparelled importance. Kieno Kammies interviews Dean McCoubrey of MySociaLife.

Share this:
Read More arrow_forward