S.Africa should resolve socio-economic issues: JSE boss


The Johannesburg Stock Exchange (JSE) chief executive has called for South Africa to address incessant socio-economic challenges facing the country.

Nicky Newton-King also added that in order to address these challenges the country needs to attract more investment into the economy and create the much needed jobs.

“We have to understand that there is the new normal which is the slow growth, highly volatile and uncertain global world,” she warned.

“South Africa competes in that global world and we are connected from a financial market perspective. If there are good investment opportunities they will come the same applies in the US and Europe.”

She called for improved quality in the financial markets as one of the ways of making the country investor friendly.

“We should concentrate in what we are doing very well and this will give us a chance to participate in that capital flow,” she said.

“We need a growing economy and inclusive growth; we have very big socio-economic issues we need to resolve.”

Newton-King said her organisation was open to engaging the minister of higher education as the country looks for solutions to investment in tertiary education.

“Education is critical to everything we do; we need highly skilled artisans and skilled people if we are going to compete globally.”