Total turnover in this market increased from R2 trillion in 1995 to R8,8 trillion in 1999. The relaxation of South African exchange controls made an important contribution to the development of the Bond Exchange and transactions by non-residents in this market have increased significantly.
The adjustments that have occurred in the South African economy, and on South African monetary policies during the past few years, were necessary and timely. These adjustments were needed to restore and maintain overall economic equilibrium. South Africa has increasingly developed robust financial, economic and foreign exchange markets. This latter market is growing rapidly and its daily average turnover now exceeds $ billion.