Johannesburg, 13 October 2017: Today Brainworks Limited (JSE:BWZ) listed in the Equity Investments Instruments sector on the main board of the JSE. Brainworks is the first Zimbabwean company to have a primary listing on the JSE and the 16th company to list on the exchange this year.


Donna Nemer, Director: Capital Markets at the JSE, says the exchange is proud to welcome Brainworks to the South African market. “As Africa’s largest stock exchange, the JSE believes we can make an important contribution to the growth and the development of our continent. We do this through offering foreign investors a secure and transparent entry point into Africa and providing the companies who do business here with a liquid platform to raise further capital to fund their expansion.”


Nemer says the JSE also favours dual or cross listings, wherein debt or equity is listed simultaneously on the JSE and on a local market. “This assists companies from other African countries to gain access to a much larger capital pool and trade in a more liquid environment, while still allowing local market participation.”


Brainworks is a Mauritian registered investment holding company, with its investment base focused on the Zimbabwean hospitality, real estate, financial services and logistics sectors. Its current investments include controlling stakes in two companies listed on the Zimbabwean Stock Exchange (ZSE): African Sun, a hospitality management company and Dawn Properties, a real-estate investment holding, development and property consulting services company.


“We are confident that our strategy of listing on the JSE will prove sound and that international and Zimbabwean investors will view Brainworks as a vehicle to access our excellent asset portfolio and participate in the opportunity that is Zimbabwe. With approximately 38% of group revenue generated in hard currency, through our hospitality division, a large property portfolio and our focus on micro finance, banking and insurance we are well placed to benefit in a changing economic environment,” says Brett Childs, CEO of Brainworks about the listing.


The Equity Investment Instruments subsector has a market capitalisation of nearly R73 billion and Brainworks brings the number of companies listed in this sector to 10.


Brainworks Limited 1.JPG(From Left to Right): George Manyere; Isaac A Moyo, Zimbabwe Ambassador to RSA, Walter Kambwanyi, Chief Financial Officer of Brainworks Limited, Brett Childs, CEO of Brainworks Limited.


Brainworks Limited 2.JPG (From Left to Right): Donna Nemer, Director of Capital Markets at JSE and Brett Childs, CEO of Brainworks Limited.


Brainworks Limited 3.JPG Brett Childs, CEO of Brainworks Limited




The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for 130 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE) and holds the chairmanship of the Association of Futures Markets (AFM). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management.

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