PwC released its 2017 African Capital Markets Watch publication today, which analyses equity, and debt capital market transactions that took place between 2013 and 2017 on exchanges throughout Africa, as well as transactions by African companies on international exchanges. Additionally, enhanced regulatory capital requirements have driven financial services companies to access both the debt and equity capital markets over the past year. Despite the policy gridlock and economic and political uncertainty South Africa has experienced over the past five years, the JSE has maintained its dominant role in the African capital markets. Since 2013, capital raised from IPOs by companies on the JSE alone of $4.8bn represents 52% of the total African IPO capital raised. Over the past five years, there have been 385 FOs by African companies, raising $43.6bn on both African and international exchanges.

Source: The North Africa Journal March 06, 2018 08:03 UTC