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JSE Limited (JSE) today announced its results for the full year ended 31 December 2020. Earnings before interest and tax, depreciation and amortisation (EBITDA) increased by 19% whilst net profit after tax (NPAT) grew by 12% to R778 million (2019: R695 million).

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Consumer confidence in South Africa rose to -12 in the fourth quarter of 2020 from -23 in the previous period, amid the further relaxation of coronavirus restrictions which allowed more businesses to reopen and more people to get back to work. Despite the improvement, it was the lowest reading for a Q4 quarter since 2015 and it was below the average of 2 since 1994.

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Consumer Spending in South Africa increased to 1917965 ZAR Million in the fourth quarter of 2020 from 1883714 ZAR Million in the third quarter of 2020. Consumer Spending in South Africa averaged 970465.77 ZAR Million from 1960 until 2020, reaching an all time high of 1966430 ZAR Million in the first quarter of 2020 and a record low of 260612 ZAR Million in the first quarter of 1960.

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JSE - Johannesburg Stock Exchange

JSE Limited (JSE) today announced its results for the full year ended 31 December 2020. Earnings before interest and tax, depreciation and amortisation (EBITDA) increased by 19% whilst net profit after tax (NPAT) grew by 12% to R778 million (2019: R695 million).