Listing benefits & requirements

Benefits

Increase liquidity in your shares.
Raise your company profile through the JSE's extensive marketing and global share price dissemination.
Opportunity to have your shares traded on a liquid, cost effective and easily accessible exchange with extended trading hours.
Visible to more investors through exposure to the JSE's large local and foreign investor base .
Attractive to South African fund managers as trading takes place in ZAR.
Companies retain local listing and dual list, as an inward listing on the JSE.
Extended trading hours means increased opportunity for your stock to trade.

Companies maintain their home listings and dual list on the Africa Board.
The JSE will offer co-branding to other exchanges whose companies are listed on the Africa Board.
The JSE will consider the sharing of trade revenue with exchanges whose companies are listed on the Africa Board.

Access African stock on a secure, cost effective and easily accessible trading platform.
Trade on an exchange that is World Federation of Exchange (WFE) accredited.
Guaranteed settlement on T + 5 of all central order book trades.
Trade in ZAR.
Trading hours are from 9am – 5pm weekdays.
Access to improved product offering.
Globally accepted standards of corporate governance.

Subscribed Capital	≥ R25m (USD3.3m) ≥ R500m (USD3.3m) for non-WFE accredited exchanges
Equity Share in issue	≥ 25m
Profit History (years)	3 years previous history and in listing year a profit of at least R8m
Shares in public hands	≥ 20%
Transfer of Share Register	≥ 10% to be transferred to form the JSE register
No. of shareholders	≥ 300
Africa Board’s Regulator	JSE
Company’s Regulator in South Africa	JSE
Reporting Standards	IFRS, GAAP (UK, US & Canadian)
Sponsor	JSE Approved
Other requirements	On application

Learn more about listing on the Africa Board