Policymakers urged to fix distorted public market as South African delistings continue

The public market continues to see delistings on the JSE and other South African stock exchanges at an alarming rate, says consultancy and research provider AmaranthCX director Paul Miller, with 14 companies already having delisted their shares in the year to date.

Although corporate activity generally picks up in the second half of the year, the large number of delistings that have occurred already puts the local market on track to match or exceed the 27 delistings recorded in 2022, Miller explains in a July 3 note.