INDUSTRY REPORTS PUBLICATIONS DATA FEED SERVICES WOWEB CONTACT US
Item added to your cart
Security Dealings Activities
BY Ebrahim-Khalil Hassen
South Africa
07 July 2016
R 2 040.00 (ZAR)  
estimated $ 143.17 (USD) *
Buy Now

The South African Security Dealing Sector


This report focuses on security dealing activities, which involve the buying and selling of equities or shares in companies and other financial instruments from 2013 to 2016. The Johannesburg Stock Exchange, now known simply as the JSE, has been the only stock exchange in South Africa since 1958. In April 2016, it had 384 companies listed: 316 local and 68 foreign-owned companies. Market capitalisation of the JSE was estimated at R14-trillion in June 2016, making it the biggest stock exchange in Africa, and the 17th-largest in the world.


A highly rated sector


The security dealings sector forms part of South Africa’s highly rated Financial Services sector. In the World Economic Forum’s 2015-16 Global Competitiveness Index, South Africa was ranked first out of 140 countries for financing through the local equity market, and second for the regulation of security exchanges.


Growing competition


The dominant position of the JSE could be challenged by the launch of three new exchanges. ZAR X has already received regulatory approval to operate from the Financial Services Board, while 4AfricaExchange (4AX) and A2X recently submitted their applications to the board. The implications of these new exchanges competing with the JSE are too early to accurately assess, but represent the biggest change the industry has experienced since 2013.


Report coverage


The Security Dealing report describes the local industry, focusing on the significant challenges in the last two years related to the political situation, as well as the JSE’s role in economic transformation. Factors influencing the success of the sector, including the impact of recently introduced regulations, are also discussed. The JSE and 20 other role players are profiled. The companies range from major players such as PSG Konsult Ltd and Sanlam Private Wealth (Pty) Ltd to smaller entities such as Peregrine Securities (Pty) Ltd, a stock brokerage with a niche focus on hedge and private funds.


Page
1. INTRODUCTION 1
2. DESCRIPTION OF THE INDUSTRY 1
2.1. Geographic Position 3
2.2. Industry Value Chain 3
3. SIZE OF THE INDUSTRY 5
4. STATE OF THE INDUSTRY 11
4.1. Local 11
4.1.1. Corporate Actions 13
4.1.2. Regulations 15
4.1.3. Enterprise Development and Social Economic Development 16
4.2. Continental 18
4.3. International 19
5. INFLUENCING FACTORS 21
5.1. Economic and Political Environment 21
5.2. Government Initiatives 22
5.3. Technology, R&D and Innovation 22
5.4. Labour 23
5.5. Environmental Concerns 23
6. COMPETITION 24
6.1. Barriers to Entry 24
7. SWOT ANALYSIS 26
8. OUTLOOK 26
9. INDUSTRY ASSOCIATIONS 27
10. REFERENCES 27
10.1. Publications 27
10.2. Websites 28
APPENDIX 1 29
Table 4: Detailed description of JSE products and services 29
APPENDIX 2 34
Table 5: Listings on the JSE (2013-2016) 34
APPENDIX 3 39
Table 6: De-listings on the JSE (2013-2016) 39
COMPANY PROFILES 45
ABSA STOCKBROKERS (PTY) LTD 45
CITIGROUP GLOBAL MARKETS (PTY) LTD 47
DEUTSCHE SECURITIES (PTY) LTD 49
FNB SECURITIES (PTY) LTD 51
INVESTEC SECURITIES (PTY) LTD 53
J P MORGAN EQUITIES SOUTH AFRICA (PTY) LTD 55
JSE LTD 58
MERRILL LYNCH SOUTH AFRICA (PTY) LTD 62
MOMENTUM SP REID SECURITIES (PTY) LTD 64
NEDGROUP PRIVATE WEALTH STOCKBROKERS (PTY) LTD 66
PEREGRINE SECURITIES (PTY) LTD 68
PRESCIENT SECURITIES (PTY) LTD 70
PSG KONSULT LTD 72
PURPLE GROUP LTD 75
RENCAP SECURITIES (PTY) LTD 78
RMB MORGAN STANLEY (PTY) LTD 80
RMB SECURITIES (PTY) LTD 82
SA STOCK BROKERS (PTY) LTD 84
SANLAM PRIVATE WEALTH (PTY) LTD 86
SASFIN SECURITIES (PTY) LTD 89
UBS South Africa (Pty) Ltd 91