Data Returns Drive Growth for South Africa, Kiwi Exchanges

south-africa

Strong growth in market data revenues at the Johannesburg and New Zealand stock exchanges helped offset declines in equity markets to yield slim overall growth in the first half of this year, according to recent financial results released this month.

JSE grew its overall operating revenue to SAR (South African rand) 682.8 million ($82.2 million), up 2 percent from the same period last year, with data revenue contributing SAR 70.8 million ($8.5 million), representing a 16 percent increase over la

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