Located at the southern tip of Africa, South Africa is a country rich in natural resources and culture. Its population stands at more than 48 million and it has the largest economy in Africa. A strong economic growth rate positions South Africa as one of the key emerging markets, with real GDP growth predicted to increase to 4.2 percent in 2013 (OECD, May 2012).
Credit Suisse entered the South African market in 2005 through a joint venture with Standard Bank for its cash equities business. Since then, we have established ourselves as one of the leading global firms in South Africa.
Now, through our local legal entity incorporated in January 2010, Credit Suisse Securities Johannesburg, and with the robust backing of the global Credit Suisse network, we deliver a full suite of exceptional investment banking products and services. We also have a private banking representative office in Johannesburg.
Credit Suisse brings superior innovation, experience and capabilities to each of our clients, both in South Africa and for our international clients looking to expand their interests in the country, and indeed elsewhere in Africa. Our local specialists are part of a global team that is located in all major markets around the world and have expertise in executing cross-border transactions.
Credit Suisse is one of the world’s top mergers and acquisitions (M&A) advisory groups, providing services to clients across a range of industries and countries. In addition, we excel in debt capital markets, IPOs and leveraged finance projects, to name but a few. Our team has extensive expertise in all areas of investment banking and financial advisory services.
Credit Suisse offers market insight, expertise and quality products to serve both South African and international investors. Since we began trading in South Africa in 2010, we have already become a top five broker in terms of JSE market share. Our team of highly qualified equity specialists in Johannesburg work seamlessly with the wider Credit Suisse global equities platform to bring a full suite of domestic and global equity and equity-related products and services to our South African clients. In addition, our international clients are able to participate in the South African equities market through our wide-ranging solutions and direct market access.
Our experienced sales team and traders work closely with clients to deliver key research, market intelligence and trading ideas to ensure the most effective execution for their orders. Our South Africa research and analytics platform covers a range of local companies and stocks to provide superior investment recommendations and a quality service to our clients. Our research coverage is in excess of 80% of the market capitalization of the companies listed on the JSE.
Our Fixed Income team consists of experts with depth, breadth and experience to help clients get access to the products, solutions and services they are looking for. Drawing on the global resources of the Credit Suisse network, we connect clients in South Africa with our experts from around the world to ensure we deliver sophisticated solutions to complex investment requirements. Products and services range from strategic transactions, credit and foreign exchange to sales and trading, and superior research. We are currently in the process of establishing a Fixed Income team in South Africa to better serve the needs of our local clients.
Our Private Banking presence in South Africa was established more than a decade ago, with a representative office opened in the 1990s. Whilst we do not have advisory or execution capacity onshore, we are able to provide our clients with a seamless service from our Zurich-based relationship managers.