The Johannesburg Stock Exchange (JSE) says South Africa remains highly resilient despite brutal global market shifts caused by recent geopolitical tensions.
Market experts say that because South Africa is one of the most liquid emerging economies, it is often the first to feel the impact when global conflicts flare up.
Chief Officer for Capital Markets, Helina Andhee, explains how the JSE performed prior to the current volatility.
“In South Africa, we are one of the most liquid emerging countries, which is great, but whenever there’s risk-off, we feel it first and foremost and quite brutally. And we have all experienced that sell-off as soon as the war happened in March. The amount of volatility that we’ve seen, the amount of trading activity, which was the highest that we have experienced, just reflect that strong risk-off that we’ve seen globally.”
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