JSE delivers 13% profit jump as equities shine

Stephen Grootes discusses the JSE's half-year results with Group CEO Leila Fourie on The Money Show.

The Johannesburg Stock Exchange (JSE) has announced a strong set of results for the half year to end-June, amid what it described as a period of heightened geopolitical and trade tensions.

It said the bourse’s growth was driven by 'elevated equity market activity; supported by broad-based revenue growth across the core business demonstrating high quality of earnings underpinned by diversification'.

The Group reported an increase in net profit after tax (NPAT) of 13.2% to R557.8 million.

This translated into headline earnings per share (HEPS) of 6870 cents, up 13.4% year -on-year. 

"Operating income grew by 11.4%, supported by consistent execution across the bourse’s core business lines, including equity market revenues in Capital Markets (+16%), Post-Trade Services (+17%) and Information Services (+5%)."

Johannesburg Stock Exchange

Affirming that the bourse had a very busy first half to 2025, Group CEO Leila Fourie notes that JSE markets have been up since the government of national unity (GNU) was installed after the 2024 general election.

"This really demonstrates our ability to deliver through market cycles."

Leila Fourie, Group CEO - JSE

A large part of the increase in their revenue comes from the equity markets, Fourie says.

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She also notes that the JSE's share price itself has been up by more than 50% since the GNU came in.

"And if we look at the year to date, our top 40 is up more than 21%... The MSCI world market is only up by 7.4%, while the emerging market is up 50%."

Leila Fourie, Group CEO - JSE

"Were starting to see a shift and a rotation out of the US and into potential high-yielding emerging markets, so South Africa is a beneficiary of that."

Leila Fourie, Group CEO - JSE

Fourie also comments on Mantengu Mining taking the JSE to court over allegations of share manipulation - take a listen in the interview audio (Mantengu discussion at 5:02)

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