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].

The JSE has created a set of listing requirements and rules that enable a secondary market for shares previously traded on the over-the-counter (OTC) BEE Market, thus demonstrating commitment to transformation through its Empowerment Segment.

The intention of a black economic empowerment (BEE) share ownership scheme is to give previously disadvantaged South Africans the opportunity to own a stake in a company and participate in its growth.

The JSE’s Empowerment Segment caters for companies that have implemented BEE share schemes, allowing participants to buy and sell shares in a regulated environment. The Financial Services Board has mandated that these shares must be traded on a licensed exchange.

An issuer agent is appointed, and is responsible for managing the integrity of the share register by facilitating a verification process on each shareholder.

All Empowerment Segment share transactions are subject to robust pre- and post-trade monitoring and even organisations that are not listed on the JSE’s Main Board or AltX can list their BEE share schemes on the Empowerment Segment.

There is nothing to hold your company back from listing its BEE share ownership scheme on the JSE’s Empowerment Segment. Why not do it today?

Existing or potential shareholders of listed share schemes:

Even if you were registered on the old trading platform, you MUST register on the new transaction platform.  ​

*Registration and verification processes for each listed share scheme may differ depending on the share scheme organisation policy.​​

Disclaimer:

The jse.co.za domain (the website) is owned by the JSE Limited (the JSE).

The JSE endeavours to ensure the accuracy and reliability of the website and the content, materials and products included and available on the website but because of the possibility of human and mechanical error as well as other factors, to the extent allowed by law, the JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the availability, truth, accuracy, completeness or reliability of such information or that it is always up to date.

In the circumstances, and to the extent allowed by law, neither the JSE, nor any of its directors, officers, employees, contractors, agents or representatives are liable in any way for any loss or damages as a result of the use of or reliance on information provided on the website.

The above wording limits and excludes obligations, liabilities and legal responsibilities of the JSE, and also limits and excludes your rights and remedies and places various risks, liabilities, obligations and legal responsibilities on you.