Johannesburg – The JSE announced on Wednesday that it is opening a new office in Cape Town.
According to the JSE, this is because Cape Town is becoming an increasingly important hub of South Africa’s financial services industry. It said the new office in the city will enhance its service to clients, build and strengthen relationships and provide accessible support to the market.
Donna Oosthuyse, director capital markets at the JSE, told Fin24 that Cape Town is a major centre for global and local institutional investors as well as listed companies.
"Being the second largest economic hub of South Africa, and the head office base of many institutional clients and an increasing number of member firms and brokers, an office in the city is a logical part of the JSE’s client strategy," she said.
"We are expanding to Cape Town with a small office, which will have two people, we hope to increase that as the office gets traction and our relationships develop further. At this stage our focus will be establishing the Cape Town office."
She said elevn companies that are in the Top-40 index of the JSE are based in Cape Town. These are British American Tobacco, Capitec, PSG Konsult, Mediclinic, Naspers, PSG Financial Services, PSG Group, Remgro, Shoprite Holdings, Sanlam and Woolworths.
In the new office the JSE will be represented by senior capital markets specialist Maryke Vreulink. It will be used for all JSE-related activities and events held in Cape Town.
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