The regulation of securities exchanges in South Africa was ranked first in the world, for the fifth time in a row, in the World Economic Forum (WEF)’s 2014/2105 Global Competitiveness Report.
This is a well-earned accolade which demonstrates the FSB’s consistent, efficient and robust oversight of regulation within its mandate and the JSE’s commitment to high standards as an exchange,” says Bert Chanetsa, Deputy Executive Officer for Investment Institutions.
South Africa was also placed first in terms of the strength of auditing and reporting standards. Other categories include financial market development (7th place overall), efficacy of corporate boards (3rd), protection of minority shareholders’ interests (2nd) and financing through the local equity market” (3rd).
In the overall country rating, South Africa ranks 56th out of 144 countries surveyed for competitiveness. It is the second highest ranked sub-Saharan country after Mauritius