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Browsing: Cairo Stock Exchange
South Africa has fallen to third place due to its constrained economic growth according to RMB’s “2020 Where to Invest in Africa” report.
But the country still holds its place as Africa’s bastion of a well-developed financial and capital market.
The report said the JSE remained Africa’s most liquid stock exchange with an excess of $1.4 billion traded daily. Which is much higher than Egypt’s Cairo Stock Exchange which trades $44 million a day.
According to RMB report, South Africa also ranked highly on other financial market depth measures such as private credit as a percentage of gross domestic product (GDP), showing that consumers have access to a wider range of financial instruments compared to other African countries.
The report showed, however, South Africa’s ease of doing business ranking in the last few years has slipped but it remains one of the top ten easiest operating environments in Africa.