{"id":"GSX:AFR-002:A02","local_id":"A02","name":"Starting financial depth","statement":"The manuscript cites JSE market capitalisation of R24.18 trillion at the end of 2025 and banking-sector assets of R8.45 trillion in June 2025.","value":"24.18","unit":"trillion rand of JSE market capitalisation at end-2025","type":"model assumption","provenance":"Manuscript Part I, citing the JSE and SARB","evidence_strength":"cited market statistic","sensitivity":"low","alternatives":["A later exchange or banking report"],"href":"https://greyscienx.com/research/african-convergence/johannesburg-as-africas-financial-capital/assumptions/A02"}