Africa’s Biggest Exchange Finally Sees Its IPO Crisis Easing
- JPMorgan, Goldman, Deutsche see more listing activity in 2024
- Investors hopeful for blackouts easing, political stability
Leila Fourie
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
Africa’s biggest bourse, the Johannesburg Stock Exchange, is slowly turning the tide from a wave of delistings to companies once again considering initial public offerings.
Bankers cited potential interest rate cuts, South Africa’s upcoming election and the country’s plans to alleviate rolling blackouts among factors for the revival. JPMorgan Chase & Co. said the bank was seeing more companies preparing to come to market in Johannesburg.