Twelve-month growth in the broad money supply, M3, amounted to 16,7 per cent in September 2005. Share prices reached successive new record highs during the course of 2005, and the buoyancy in the share market was also reflected in record turnovers of shares on the JSE Limited in recent months.
Non-residents are taking a keen interest in South African shares, and are increasingly involved in sizeable direct investment into South Africa. The operations of the financial markets have continued to grow over the years. The turnover in the equity market has risen from R62 billion in 1994 to R1 031 billion last year.