Declining JSE offshore ownership and coverage weighs on market caps
JSE top-80 companies have seen a 26% decline in analyst coverage from June 2018, with a marked pullback in offshore ownership to 36% (c.R220bn market cap reduction) and its indices have underperformed peers (meaningfully excluding the run in resource counters).
Read our research (done in conjunction with Singular Systems and Edison Group) in detail here:
