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South Africa Capital Market

In: Business and Management

Submitted By framix89
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South African Reserve Bank Working Paper Series
WP/13/04

South African Capital Markets: An Overview
Shakill Hassan October 2013

South African Reserve Bank Working Papers are written by staff members of the South African Reserve Bank and on occasion by consultants under the auspices of the Bank. The papers deal with topical issues and describe preliminary research findings, and develop new analytical or empirical approaches in their analyses. They are solely intended to elicit comments and stimulate debate. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the South African Reserve Bank or South African Reserve Bank policy. While every precaution is taken to ensure the accuracy of information, the South African Reserve Bank shall not be liable to any person for inaccurate information, omissions or opinions contained herein. South African Reserve Bank Working Papers are externally refereed. Information on South African Reserve Bank Working Papers can be found at http://www.resbank.co.za/Research/ResearchPapers/WorkingPapers/Pages/WorkingPapers-Home.aspx Enquiries Head: Research Department South African Reserve Bank P O Box 427 Pretoria 0001 Tel. no.: +27 12 313-3911 0861 12 SARB (0861 12 7272)

© South African Reserve Bank All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means without fully acknowledging the author(s) and this Working Paper as the source.

Contents
1. 2. 3. 3.1 3.2 4. 5. Figures 1. 2. Tables 1. 2. 3. 4. 5. Stock Markets in Selected Advanced and Emerging Economies ...................................... 5 Foreign Exchange Turnover, 2013 .................................................................................... 9 Currency Speculation (Forward Carry) Returns...

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