JSE All Share Index climbed 9.2% in 2024

The Johannesburg Stock Exchange (JSE) has been on a remarkable trajectory with a 9.2% climb in 2024, reaching record highs. Valdene Reddy, Director of Capital Markets at the JSE, attributes this success to a combination of factors including a diversified market, re-rating of the market, and a commodities surge led by mining and resources companies. The South African economy is showing signs of improvement with expected growth to double this year compared to last year. Factors such as reduced inflation, lower interest rates, and improved energy stability are contributing to a brighter economic outlook. This positive economic environment is expected to translate into growth and value unlocking in the capital markets, particularly in equities, bonds, and derivatives. There is a growing sense of optimism and potential in South Africa, with opportunities for unlocking value and attracting new investments. The JSE has seen a significant increase in listings and a decrease in delistings, indicating a positive trend in market activity. Foreign investors are showing interest in the South African market due to its stability, trusted systems, and potential for growth. While there are concerns about geopolitical risks and changing trade patterns, the JSE remains resilient and attractive to companies looking to list and raise capital. Looking ahead to 2025, the JSE anticipates a strong pipeline of new listings and aims to continue the positive momentum seen in 2024.