Johannesburg Stock Exchange Boss Leila Fourie is in the C-SUITE
The JSE today announced its results for the full year ended 31 December 2021 with Earnings before interest, tax, depreciation and amortisation (EBITDA) of R1.06 billion matching the 2020 year while EBITDA margin was healthy at 41% (2020: 42%). This performance was attributable to disciplined cost management, a positive contribution from JSE Investor Services and a rebound in value traded in the second half of 2021. The record low interest rate environment did impact net profit, however, with headline earnings per share (HEPS) slipping 6% to 878.9 cents (2020: 936.7 cents per share).
“The JSE has delivered robust performance under a challenging macro-economic and trading environment. Our resilience while navigating an unfamiliar route through the pandemic has confirmed the value of the investments we have made in our technology platforms over an extended period,” says Leila Fourie, JSE Group CEO.
Strong cash generated from operations has enabled the Board to declare an ordinary dividend of 754 cents per share for 2021, an increase of 4% YoY in line with the JSE’s progressive dividend policy. This corresponds to an ordinary dividend pay-out of 92% of distributable profits in 2021 (2020: 83%). Given that the Group remains well capitalised with a healthy balance sheet that supports its regulatory capital requirements and growth strategy, the Board has declared a special dividend of 100 cents per share (2020: NIL) @JSE
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About Leila Fourie
Leila’s business career spans more than 20 years working in consulting, investment banking, retail banking & capital markets. Her diverse experience has been acquired in some of South Africa’s leading companies in these fields, including Accenture, Standard Bank & the Johannesburg Stock Exchange. Through the course of her career, Leila has held senior executive positions & directorships of global portfolios, local boards & US boards. Her board roles have included that of non executive director, executive director & managing director. Leila has also served in the capacity as chairman of the board.
Over the course of her career, Leila has gained experience in turnarounds; set up of two new Greenfields organisations; established new global and local divisions within a multi-national organisation; launched new products; established and closed down joint ventures; advocated on national policy matters; and maintained existing revenue producing and support functions. Leila holds a Ph.D in Economic & Financial Sciences.