Beware of "JSE Investment" scams

The JSE Limited/ Johannesburg Stock Exchange (JSE) is aware of a several scams (on Telegram and WhatsApp) posing as authorised JSE investment schemes and/or using the names(s) of JSE Executives (including our CEO, Leila Fourie).

In these investment scams, potential investors are urged to deposit money into a bank account and promised quick and guaranteed returns on their investment. These types of groups are not authorised by the JSE and the investments referred to are not authorised or endorsed by the JSE or any members of the JSE Executive. The JSE does not recruit investors in this manner.

The only way to invest on the JSE is via an authorised JSE stockbroker. A list of stockbrokers can be found on www.jse.co.za and then click on 'find a stockbroker' and you will find a list of stockbrokers in your area who will help you to open an account and you can begin your investment journey with the JSE.

Should you suspect a false investment scam group, please report these to the JSE at [email protected].

AELP African Exchanges Linkage Project 

The AELP is a joint initiative by the African Securities Exchanges Association (ASEA) and the African Development Bank to unlock Pan-African investment flows, promote innovations that support diversification for investors, and address depth and liquidity in the markets. It is funded by the Korea-Africa Economic Cooperation (KOAFEC) Trust Fund through the African Development Bank.

Exchanges participating in the AELP are:

  • Bourse Régionale des Valeurs Mobilières (BRVM, integrating eight West African markets)
  • Casablanca Stock Exchange
  • The Egyptian Exchange
  • Johannesburg Stock Exchange
  • Nairobi Securities Exchange
  • Nigerian Exchange
  • Stock Exchange of Mauritius.

The AELP is coordinated by a Project Management Office, which is part of the African Securities Exchanges Association (ASEA), the premier association of African Exchanges, and based in Nairobi, Kenya.

The procurement for an order-routing technology platform called the “AELP Link” was launched at the end of April 2020. The AELP Link will enable a stockbroker on one exchange (“originating exchange”) to channel a client’s buy or sell order to a stockbroker on a second exchange where a target security is listed (“host exchange”). The system will be designed to handle orders on all African listed securities, as permitted in those markets. 

Trade execution will continue to be handled according to the law, regulation and practice of the host exchange, with the executing broker responsible for compliance (“sponsoring broker”).  

Clearing and settlement will also follow the host market practice. Funds to settle the transactions will be transferred separately from the order-routing system by the banks for stockbrokers or by clients’ custodians or sub-custodians. Securities purchased through the AELP Link, when the JSE is the host exchange, will be held in Strate and will follow own name account or nominee account practice.

The implementation of the AELP Link should not require any change to existing JSE rules and directives.  

Supporting free movement of investment within Africa

Other AELP initiatives include making it easier for investors to access research into other AELP markets and increasing knowledge of the African listed securities asset class, including companies, bonds, ETFs and other securities listed on the participating Exchanges.

 

Visit African Exchanges Linkage Project website

 

Power FM - Power Business - 2 Aug 2021 Interview with The JSE