Investments Analysts Journal Winners 2022


The winning article is entitled “The impact of algorithmic trading on market quality: Evidence from the Johannesburg Stock Exchange.” The paper was published in the Investment Analysts Journal Vol. 51, Issue 3, pages 157 – 171, on 8 August 2022. This excellent article, of benefit to both practitioners in the field and academics furthering the body of knowledge, is co-authored by Aurélie Courdent and David McClelland. It examines high-frequency trading in the context of the Johannesburg Stock Exchange, concluding that this algorithmic method has a positive impact on market quality. Members are encouraged to read the article, an abstract can be seen by clicking on link provided for convenience. IAS members are further advised that their membership qualifies them for free access to all IAJ articles on the Taylor & Francis website with an archive stretching back to 1972. As each article would normally cost $50 to download IAS members receive an enormous benefit.

IAS Journals

Investments Analysts Journal Winners 2022:

“The Impact of algorithmic trading on market quality:  Evidence from the Johannesburg Stock Exchange”

Author:  Aurélie Courdent, University of Witwatersrand

Co Author:  David Mcclelland, University of Witwatersrand


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Arthur David Thompson

R.I.P 27 November 1952 – 10 March 2024

R.I.P 27 November 1952 – 10 March 2024

27 November 1952 – 10 March 2024


It is with heavy hearts that we share the news of the passing of IAS Board Member, Arthur David Thompson.


He bravely fought cancer with unwavering strength. Arthur was a valued IAS Member and served on the IAS Executive Board for many years, embodying honesty, wisdom and dedication to the development of the investment profession in South Africa.  An inspiration to many, and revered for his integrity and ethics, not only in the professional world, but as a colleague, mentor and friend.

He leaves behind his beloved wife, two children, and grandchildren, who will cherish his memory dearly.

May he Rest in eternal Peace


36th Annual awards

Afrimat Limited

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Presentation dates to members of the Investment Analysts Society.  Note – those companies who are participating in the CPD initiative via IAS are indicated with “1 CPD”, “CPD tbc” refers to those companies who have not yet decided. “0 CPD” – those companies who are not participating

  • 6 May 13:00
    Redefine – Interim
  • 13 May 13:00
    Calgro M3 – Annual
  • 16 May 12:00
    Afrimat – Annual – Johannesburg
  • 20 May 10:00
    Investec – Annual
  • 20 May 12:00
    Afrimat – Annual – In Person
    Cape Town
  • 30 May 10:00
    Emira – Annual
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