SA's equity-capital market has had its best year yet, JP Morgan Cazenove says, with about R143bn worth of issuance to the end of November. This boded well for 2018, with growth equity in particular set to have a strong year, as global investors seek high-yielding homes for their cash, according to MD of UK and sub-Saharan Africa equity capital markets, Barry Meyers. SA's equity market was becoming "more active", Meyers said. JP Morgan Cazenove led the largest-yet South African equity market transaction in 2017 — the R38bn sell-down in Barclays Africa by now former UK parent, Barclays plc. It was joint book runner on the $1.2bn initial public offering (IPO) of Star (Steinhoff Africa Retail) in September, the country's largest IPO on record.