Tag: Johannesburg Stock Exchange (JSE)

Recent progress at the Johannesburg Stock Exchange (JSE) has signalled renewed confidence in South Africa’s capital markets. We believe the JSE plays a critical role in growing the economy. While market conditions have presented challenges, we remain optimistic about the future. We have seen how the JSE has shown resilience through accessible listings.

The impact of excessive government regulation and control is the harm to businesses and employees caused by excessive workloads and stress. This reduces productivity, morale and overall efficiency in public services. The state is intended to function in an efficient, economical and effective manner.

More South African companies need to focus on building public trust by enhancing tax transparency reporting to unlock greater value. Today, businesses face unprecedented scrutiny from the public and stakeholders, creating pressure on leaders to remain accountable and foster trust.

The Johannesburg Stock Exchange (JSE) is the largest bourse in Africa. Its market cap of approximately ZAR20 trillion also means that it sits in the top 20 of the world’s largest stock exchanges. Despite that size and heft, it is under significant pressure. In addition to increased competition from newer exchanges such as the Cape Town Stock Exchange and A2X Markets, it has a serious delisting problem.

We are pleased to announce that the Financial Sector Conduct Authority (FSCA) has approved our amendments to the listings requirements dealing with market segmentation which come into effective on 23 September 2024.

The Satrix Global Infrastructure Feeder ETF (STXIRF) began trading on JSE yesterday, offering investors an investment vehicle that gives them exposure to a diversified portfolio of the largest and most liquid infrastructure companies in developed and emerging markets.

We have once more partnered with FTSE Russell to launch a new multi-asset index solution for the South African market, leveraging the long-standing relationship between the two organisations and the rich base of the existing index offering.

Keep up to date on the most important Financial Services Regulation developments in South Africa in June 2021.

The Naspers Board is immensely proud of what our people achieved during the past year. They managed the pandemic, delivered powerful revenue growth and lifted profitability. Foundations were laid for future growth. The year ended 31 March 2021 (FY21) was an extraordinary period.

The JSE has issued a consultation paper proposing changes to the Listings Regulations to cut red tape and achieve an effective, fit-for-purpose set of regulations for financial markets.