South Africa: Steinhoff a Star Listing On JSE

Johannesburg — STEINHOFF Africa Retail (STAR) is the 14th company to list on the Johannesburg Stock Exchange (JSE) this year. It listed on the Broadline Retailers sub sector, whose total market capitalisation is R91,5 billion (US$6,9 billion) nd contributes 1 percent to the overall market capitalisation of the exchange, on Monday.

Prejelin Naggan, Head of Primary Markets at the JSE, said the listing re-emphasised the great potential for growth that Africa continues to offer. "This listing will give both local and international investors the opportunity to get direct exposure to the expanding African market for consumer goods through a liquid and well-regulated platform," Naggan said.

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