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Not sure why you're being downvoted. I think what you're saying is correct.
by jeffreyrogers 8y ago
Not sure why you're being downvoted. I think what you're saying is correct.
- icebraining 8y agoThe Johannesburg stock exchange alone has about 400 companies listed, so "virtually none" seems a bit hyperbolic.
- jeffreyrogers 8y agoSure, but outside of South Africa I believe what the OP is saying is true. In any case, better to correct him than downvote him without an explanation. I expect you would find that the biggest companies in most of Africa are either state owned mining and oil companies or western companies operating in Africa. I don't think they have many important publicly traded companies because their financial systems aren't well developed.