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].

Krugerrand

The Krugerrand is a South African gold coin. Krugerrands were first minted in 1967 to help market South African gold. The coins have legal tender status in South Africa, but are not intended to be used as currency. New Krugerrands are issued by the South African Reserve Bank (SARB) and are available from certain banks and specialist outlets. The JSE offers trading in Krugerrands through a well regulated secondary market and are traded in the same way as any listed Equity Market instrument, with prices being quoted on the various types (weights) of coin.

Who is this for?

Krugerrands appeal to professional and private investors who wish to make a direct investment in gold bullion, hedge their portfolios against the US dollar or to further diversify their portfolio.

Features

  • Your investment is in physical gold and is not dependent on the performance of a gold mine.
  • Gold has a low to negative correlation with other asset classes, making it an effective portfolio diversifier.
  • Gold has a positive track record in terms of returns and has increased in value because it is a non-renewable natural resource.
  • Gold serves as a rand hedge against the US dollar.
  • The gold market is very liquid.
  • If the gold price changes, so does the price of the Krugerrand.

How to get The Krugerrand

  • Open a brokerage account with a JSE Equity Market member.
  • Visit a Krugerrand specialist outlet.
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Krugerrand
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