Johannesburg as Africa’s Financial Capital

A01

Central hub shares

GSX:AFR-002:A01 · Model assumption · Version 1.0

Connected conditional claims

C01GSX:AFR-002:C01In the central regional-hub scenario, an 8 percent capture share produces about US$90.4 billion of cumulative financial-services revenue and about US$71.2 billion of value retained in South Africa.high sensitivity

C02GSX:AFR-002:C02The manuscript's objective is retained financial value from African investment even when the project, issuer, investor or consumer is elsewhere. Inherited market depth does not by itself protect that role.moderate sensitivity