Introduction
According to Stats SA, the security dealing sector had an estimated turnover of R9.5bn in 2018, while its net profit after tax and dividends was an estimated R1.6bn. However, challenging macro-economic conditions compounded by rising labour and compliance costs continue to have a significant effect on the performance of the security dealing sector in South Africa.
Strengths
• Large multinational companies and South Africa’s largest banks are active in the sector.
• The security dealing sector is well established.
Weaknesses
• Several multinational firms have closed or downscaled their local operations, leading to decreased competition in the sector.
Opportunities
• More business in sub-Saharan Africa due to the region’s projected population and income growth.
• The use of innovation and new technology is reducing costs.
Threats
• Increasing cost of labour and compliance.
• Low profit margins, as the weak economy leads to low trading volumes, and fewer mergers and acquisitions and initial public offerings.
Outlook
Vunani said in its latest annual report that if the economy does not improve, stockbroking firms can expect a difficult period ahead, while FNB Wealth and Investments’ Wayne McCurrie believes that, in that scenario, it is likely that more multinational investment banks will close their local security dealing operations. It is expected that the security dealing sector will experience a decline in earnings due to lower economic growth as a result of the coronavirus pandemic.
Full Report
R 1 900.00(ZAR) estimated $101.00 (USD)*
Industry Landscape
R 1 330.00(ZAR) estimated $ 70.70 (USD)*
Historical Reports
Security Dealing Activities Industry in South Africa 2016-07-07
R 1 900.00(ZAR) estimated $101.00 (USD)*
View Report Add to CartTable of Contents
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1. | INTRODUCTION | 1 |
2. | DESCRIPTION OF THE INDUSTRY | 1 |
2.1. | Industry Value Chain | 1 |
2.2. | Geographic Position | 3 |
3. | SIZE OF THE INDUSTRY | 3 |
4. | STATE OF THE INDUSTRY | 4 |
4.1. | Local | 4 |
4.1.1. | Corporate Actions | 9 |
4.1.2. | Regulations | 11 |
4.1.3. | Enterprise Development and Social Economic Development | 12 |
4.2. | Continental | 13 |
4.3. | International | 14 |
5. | INFLUENCING FACTORS | 15 |
5.1. | Economic Environment | 15 |
5.2. | Rising Costs | 16 |
5.3. | Technology, Research and Development (R&D) and Innovation | 16 |
5.4. | Environmental Concerns | 17 |
5.5. | Labour | 17 |
6. | COMPETITION | 18 |
6.1. | Barriers to Entry | 18 |
7. | SWOT ANALYSIS | 19 |
8. | OUTLOOK | 19 |
9. | INDUSTRY ASSOCIATIONS | 20 |
10. | REFERENCES | 20 |
10.1. | Publications | 20 |
10.2. | Websites | 21 |
APPENDIX 1 | 22 | |
Summary of Notable Players | 22 | |
COMPANY PROFILES | 28 | |
A TRADE (PTY) LTD | 28 | |
ABSA STOCKBROKERS AND PORTFOLIO MANAGEMENT (PTY) LTD | 29 | |
ANCHOR STOCKBROKERS (PTY) LTD | 31 | |
ANGLORAND SECURITIES (PTY) LTD | 33 | |
AVIOR CAPITAL MARKETS (PTY) LTD | 35 | |
CITIGROUP GLOBAL MARKETS (PTY) LTD | 37 | |
DEUTSCHE SECURITIES (PTY) LTD | 39 | |
FNB STOCKBROKING AND PORTFOLIO MANAGEMENT (PTY) LTD | 41 | |
INVESTEC SECURITIES (PTY) LTD | 43 | |
J P MORGAN EQUITIES SOUTH AFRICA (PTY) LTD | 45 | |
JSE LTD | 47 | |
KHUMO SECURITIES (PTY) LTD | 51 | |
LEGAE PERESEC CAPITAL (PTY) LTD | 52 | |
MERRILL LYNCH SOUTH AFRICA (PTY) LTD | 54 | |
MOMENTUM SECURITIES (PTY) LTD | 56 | |
NEDGROUP PRIVATE WEALTH STOCKBROKERS (PTY) LTD | 58 | |
NVEST SECURITIES (PTY) LTD | 60 | |
PRESCIENT SECURITIES (PTY) LTD | 62 | |
PSG KONSULT LTD | 64 | |
PURPLE GROUP LTD | 68 | |
RENCAP SECURITIES (PTY) LTD | 71 | |
RMB MORGAN STANLEY (PTY) LTD | 73 | |
RMB SECURITIES (PTY) LTD | 75 | |
SA STOCK BROKERS (PTY) LTD | 77 | |
SANLAM PRIVATE WEALTH (PTY) LTD | 79 | |
SASFIN SECURITIES (PTY) LTD | 82 | |
SBG SECURITIES (PTY) LTD | 84 | |
TAQUANTA SECURITIES (PTY) LTD | 86 | |
THEBE STOCKBROKING (PTY) LTD | 88 | |
UBS SOUTH AFRICA (PTY) LTD | 89 |