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].

Date(s)
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Course outline 

This 1-day course examines the risk and commercial considerations behind the various clauses and conditions in a typical loan agreement. It will provide Participants with a solid understanding of loan agreements, providing a foundation from which to review and negotiate such documents.

What you will learn

  • Overview of Loan Agreements

           ➢ Different types of Loan Agreements (Syndications, Club loans, Bilaterals)
           ➢ Loan Market Association (LMA) Agreements

  • Basic Information on Loan Agreements

           ➢ Details of Lenders
           ➢ Details of Borrower

  • Specific Information

           ➢ Pricing (Margin, Reference Rates)
           ➢ Fees

  • Representation and Warranties

          ➢ Legal Warranties and Commercial Warranties
          ➢ Concept of continuing Representation and Warranties

  • Covenants

          ➢ Different types of covenants
          ➢ Typical financial covenants
          ➢ Typical non-financial covenants

  • Events of Default

          ➢ What are they?
          ➢ Curing periods
          ➢ Cross Default vs Cross Acceleration

  • Conditions Precedent/Subsequent

         ➢ Typical Conditions Precedent (CPs) in a Loan Agreement

  • Jurisdiction/Choice of Law

        ➢ Importance of choosing right jurisdiction and choice of law

  • Preserving a Lender's priority position

         ➢Key covenants used to protect a Lender's position

  • Loan Sell-down

         ➢Different techniques for selling down a loan (Novation, Assignment, Subparticipation)
         ➢Borrower considerations

  • Term Sheets

         ➢ What are they?
         ➢ Main features of Term Sheets

Who should attend?

  • Corporate and Investment Bankers
  • Corporate and Commercial Lawyers
  • Financial Directors/Financial Managers
  • Corporate Treasurers
  • Investor Relations Practitioners

Date :  

  • 24 July 2024
  • 18 October 2024


Time : 09h00 - 16h00
Cost: R8, 500 ex vat per person (discounted rate)
Venue: All trainings are currently virtual and only face-to-face upon request
Facilitator : Frank Vein

Please note that space is limited so please book as soon as possible in order to avoid disappointment.  

Non-endorsement

By using a service provider to offer the courses, the JSE does not directly or indirectly endorse any product or service provided, or to be provided by the service provider. 

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