South Africa Market Review - Q4 2016

The sales volumes in South Africa’s structured products market rose by 15% on the year in 2016, with the volume up to ZAR11.6 billion (US$887m) from 2015’s ZAR10.1 billion ($777m). Allied to the maturing of the market, “[the] efforts from producers (and support of the inaugural SRP conference) started to payoff, resulting in a healthy increase in volumes,” said Brian McMillan, head of sales for retail structured products at Investec in South Africa. “This combined with the rand shock in Decembe