JSE delivers pleasing 2013 performance


Africa’s largest stock exchange saw revenue increase from 1.3 billion rand for the 2012 period to 1.5 billion rand in 2013.

“The JSE Limited delivered a very pleasing corporate performance during 2013, underpinned by strong financial results. This performance resulted from an improvement in financial market sentiment as well as the hard work of all the group’s teams, which directly influenced revenue lines and maintained cost control,” [DATA JSE:JSE Limited] said.

“Most divisions performed well, with standout revenue performance from the Equity Market, Post-Trade Services and Market Data divisions. Group earnings after tax for 2013 increased by 68 per cent to a high of 507 million rand. This follows strong operating revenue growth from most of our products and services and tightly controlled operating costs.”


(READ MORE: JSE launches Quanto Currency Futures)

Profit from operating activities increased to 577 million rand in 2013 from 405 million rand in 2012 and net finance income increased from 80 million rand to 118 million rand.

Profit before income tax was up from 521 million rand in 2012 to 735 million rand in 2013 and diluted earnings per share increased to 588.6 cents from 349.5 cents.

(READ MORE: JSE H1 headline earnings up 35 per cent, operating revenue up)

“The JSE is a largely fixed cost business. The group’s revenues are variable and largely driven by activity on the various markets the group operates. For this reason, the board makes no projections regarding the group’s financial performance in 2014,” it said.

“However, the JSE team is excited by the opportunities ahead as the group continues to make good progress towards delivering on its 2017 strategic vision. The board is confident that, as these efforts advance, the JSE will increasingly be positioned as a growing, formidable and sustainable business.”