n Investment Analysts Journal - Investment basics XLIV review of African stock markets

Volume 2001, Issue 54
  • ISSN : 1029-3523
  • E-ISSN: 2077-0227
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Extracted from text ... Number 54 - Part 5 C Mlambo and N Biekpe* Investment Basics XLIV Review of African stock markets *Graduate School of Business, University of Stellenbosch, PO Box 610, Bellville 7535, Republic of South Africa. Email: nbiekpe@usb.sun.ac.za 1. Introduction The emergence of African stock markets was mostly driven by the desire to privatise state-owned enterprises. This emergence is concentrated between the late 1980s and early 1990s, a period that witnessed a number of financial liberalisation programs in Africa (Bekaert and Harvey, 2001). Privatisation raised the prospects of fully integrating Africa into the global economy (Mate, 2000). With the shift of interest ..

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