Researchers compare South African capital markets with international counterparts

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The South African stock market is worth "almost twice the country's output" and overshadows its equivalent in "significantly larger" economies such as Mexico, Indonesia and Turkey, according to a working paper published by the South African Reserve Bank earlier this week.

In South African Capital Markets: An Overview, Shakill Hassan considers how the equity, currency, bond and derivatives markets in South Africa have developed and how they compare internationally.

The author notes that "capital

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