Some 44 structured products with estimated sales of ZAR783m ($44,978m) were added to the SRP South Africa database in the fourth quarter of 2022.
Thirty-five products with combined sales volume of ZAR674m had a strike date in the period – a sharp decrease compared to the same quarter last year (Q4 2021: ZAR2.6 billion from 750 products). Some 655 products, which sold an estimated ZAR4.2 billion at inception, reached maturity. Standard Bank was the issuer behind 614 of the maturing products, followed by Absa (25) and Investec Bank (eight). Issuers There were 10 bond providers active in the quarter. Absa was the most active by is
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