Researchers compare South African capital markets with international counterparts
The South African stock market is worth "almost twice the country's output" and overshadows its equivalent in "significantly larger" economies such as Mexico, Indonesia and Turkey, according to a working paper published by the South African Reserve Bank earlier this week.
In South African Capital Markets: An Overview, Shakill Hassan considers how the equity, currency, bond and derivatives markets in South Africa have developed and how they compare internationally.
The author notes that "capital
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