Dr. Richard Nel and the Blooming African Economy

Dr. Richard Nel is a highly successful business owner, investment banker and philanthropist. A man with an eye for opportunity, Dr. Richard Nel witnessed the collapse of the African Bank, and now sees much potential for the African continent to thrive. 

The JSE is the largest stock exchange in Africa. It was once referred to as the Johannesburg Stock Exchange as well as the JSE Securities Exchange. Over the past five years, the JSE has been in a steady ascent for the past five years, with only a small step back during a short trivial period in 2011. Fueled by low interest rates and stimulus measures of the US Federal Reserve, the JSE has reflected plenty of positive growth in the past half decade.

While Dr. Richard Nel still feels that the South African economy is underperforming, however the JSE has benefitted greatly from companies that generate a large portion of their profits from outside of the country. Part of this is due to mobile banking technologies that have swept the continent the past few years, encouraging international trade in the African Bank as a way that African countries can do business through a regulated system that promotes commerce across the African continent.

ROIs in the next three years are highly unlikely to match that of the JSE’s past three. The global market is not conducive to such growth and is frankly too expensive, according to Dr. Richard Nel. And as the JSE continues to rise, the prosperity of the African continent will follow.