JSE H1 headline earnings up 35 per cent, operating revenue up


Their interim results, which were released on Tuesday, reported that operating revenue was also up 16 per cent to 793.5 million rand.

The group’s basic earnings per share were 341.9 cents for the period ended June 2013 compared to last year’s 117.0 cents for the same period.

The JSE also reported strong performance in its Post-Trade Services and Market Data Divisions, as well as increased trading activity in its equity, financial derivatives, interest rate and currency Markets.


The group’s earnings were up 191 per cent to 292.7 million rand, a significant increase compared to their 2012 earnings of 100.7 million rand.

Operating expenditure was down 3 per cent at 487.8 million rand from 2012’s 503.6 million rand. The group also reported a 19 per cent year-on-year increase in personnel expenses for the six months.

“The Board is excited by the opportunities ahead as the Group continues to make good progress towards delivering on its 2017 strategic objectives. The Board is confident that as these deliveries succeed, the JSE will increasingly be positioned as a growing, formidable and sustainable business,” a JSE statement said. 

JSE will increasingly be positioned as a growing, formidable and sustainable business,” the press statement said.

The JSE also announced that former First National Bank CEO Michael Jordaan will be joining the JSE Board as a non-executive member from 1 January 2014.

A number of projects are in place to improve the JSE’s operations, including a web-based portal where market data clients of the JSE will be able to report their monthly usage directly to the Group, which has already been rolled out.

The JSE’s colocation data centre is also in the pipeline, which will have 35 client racks. Capital expenditure of the project will be approximately 50 million rand and completed between 2013 and 2014.

The collocation, according to the statement, is expected to introduce a new revenue line and increase the speed of access to and liquidity across all markets.