The Knowledge of Financial Markets Legislation in the Southern African Region

Around the end of 1994, there were 14 stock exchanges in the whole African continent. They were Cairo (Egypt), Casablanca (Morocco), Tunis (Tunisia) in North Africa; Abidjan (Cte d'Ivoire), Accra (Ghana), and Lagos (Nigeria) in West Africa and Nairobi (Kenya) in Eastern Africa.

In the Southern African region, these were Mbabane, Gaborone (Botswana), Johannesburg (South Africa), Port Louis (Mauritius), Lusaka (Zambia), Harare (Zimbabwe) and Windhoeck (Namibia)} (Swaziland). In 2005, nearly all of other countries in Southern Africa are suffering from john thomas financial their own stocks exchange markets. They are Dar-Es-Salam (Tanzania), Maputo (Mozambique) and Luanda (Angola). With the exception of the Johannesburg Stock Exchange, and at a different level, the Zimbabwe Stock Exchange and the Namibia Stock Exchange, these markets are too small in comparison to developed markets in Europe and United States, and also to other emerging markets in Asia and Latin America. By the end of 1994 there were about 1150 listed firms in the Africa markets put together. Industry capitalization of the listed companies amounted to $240 billion for South Africa and about $25 billion for other African countries. In the countries under review, stock markets are particularly small compared with their companies - with the rate of market capitalization to GDP averaging 17.3 %. The limited way to obtain securities in the markets and the prevailing buy and hold attitudes of all investors have led to rate}. Return is poor with less than ten percent of market capitalization traded annually of all stock exchanges. The low capitalization, low trading volume and turnover indicate the nature of all stock markets in your community. We have collected considerable home elevators the present state of financial markets in Africa generally, and because of limited time period, it had been extremely hard to examine them. The format of the report can not allow to consider all of the data. From the newest information, it becomes clear that with the ongoing reforms within the financial john thomas financial sectors in the countries under study, a whole lot of progress has been achieved in terms of regulatory and institutional capacity building. We will} {expect with the promotion of more open investment rules, allowing more financial flows in your community. The financial methods of Southern African countries are seen as a high control structure leading to techniques} which {create to credit for large companies but limited access to smaller and {emerging. The regulatory framework should consider all of the specific john thomas financial features of those programs, and at the same time frame keep the general approach inherent to every regulatory {instrument. Financial systems in Southern Africa will also be noted due to their marked variations. Some programs, such as those in Mozambique, Angola and Tanzania were for a lengthy time, dominantly government-owned, consisting largely of the hardly any} commercial banks and central bank. Updated, Angola hasn't produced a money and {capital market, and the informal money markets are utilized extensively.