South Africa is poised for a surge in initial public offerings and fund-raising activity as soon as next year, spurred by optimism that the continent’s biggest economy may be turning a corner after years of lackluster growth,

JP Morgan says it expects a surge in initial public offerings as soon as 2025, fueled by a growth in positive sentiment following the presidential elections last May.

South Africa is gearing up for a wave of initial public offerings (IPOs) and fundraising activities, set to begin as early as 2025, as the country’s economic outlook brightens after years of lackluster growth.