In the capital market, three separate specialised institutions were created to provide, respectively, for equity trading on the Johannesburg Stock Exchange (JSE), bond trading on the Bond Exchange of South Africa, and trading in derivatives on the South African Futures Exchange.
The slowing is clear in the automotive sector, where there have been production cutbacks in response to weaker U.S. demand and excess inventories. Activity has also eased—from very high levels—in electronics and telecommunications, where world production has been running ahead of demand. These three high-profile sectors naturally attract a lot of attention, especially in parts of Canada with a heavy concentration in such industries.