There’s no doubt that almost every South African knows about JSE but they don’t really know why it exists. In this article, we will answer some of the questions you may have about the Johannesburg Stock Exchange, popularly known as JSE.
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JSE Limited, formerly known as the JSE Securities Exchange and the Johannesburg Stock Exchange, is the biggest stock exchange in Africa and is primarily dominated by mining companies. Business people and companies buy and sell stock through JSE. The company was established in 1887 by the mining industry in order to raise funds. However, it later blossomed into the largest trading company across the African continent.
If you have a company and want to grow your business by investing, you can get your company listed on the JSE as an external shareholder.
The company, which is based in Sandton, Johannesburg, South Africa, provides the market where securities can be traced without trade of restraints but they are regulated under a certain procedure. The JSE also provides traders and investors with return on investments by offering dividends. With the rise of technology, the JSE Equities Trading (JET) electronic system scrapped the need for trading floor.
In 1893, JSE raised its primary capital by channelling cash resources, which is enhancing the South African economy through job and wealth creation.
JSE consists of 16 people as part of the committee. These people have full voting rights in the company. The stock-broking members, who are elected by the organisation, cannot be more than eleven members. The number has to be between eight and eleven. The members have the power to appoint an executive president. But policy decisions are taken by the executive president and his committee.
The JSE members are allowed to trade through their use of JSE facilities and services. The members, who also govern the JSE, are also regarded as the organisation’s customers.
More of often than not, we come across the JSE Investment Challenge when searching for online trading. The JSE Investment Challenge is a game specifically designed to teach all South African citizens about investing on the JSE. Through this challenge, people learn about the importance of investing and urge them to find more information and plan how to trade on JSE. The challenge comes with a simulated programme which tests participants’ trading skills and their performance is traced and measured.
JSE Operating Hours
Operating hours for the JSE start from 9:00AM to 17:00PM (CAT) South Africa time, Monday to Friday.
More information about JSE
According to their official website “the JSE is a growth platform for companies looking to raise capital and also connects buyers and sellers in equity, derivative and debt markets. We offer a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management.
The JSE strives to be a leading integrated exchange on the African continent, because we are inspired by a prosperous African future. We have been operating for over 125 years, is a member of the World Federation of Exchanges (WFE) and is one of the top 20 exchanges in the world in terms of market capitalisation.”