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].

Published 07 Nov 2019
Posted by JSETestSuperEditor

JSE announces amendments to listing requirements to strengthen primary and secondary listings’ regulation

 

Johannesburg, 5 November 2019: The Johannesburg Stock Exchange (JSE) today announced amendments to its Listing Requirements aimed at strengthening the listing entry criteria for both primary and secondary listings. The objective of the amendments is to protect investors by enhancing disclosures, strengthening corporate governance and improving the integrity of financial information.

The amendments are a proactive response to corporate scandals, speculation and innuendo that characterised South African financial markets in 2017 and 2018, which highlighted the need for the JSE to review its responsibilities and strengthen regulation specifically in relation to primary and secondary listings.

Most of the amendments will be effective on 2 December 2019.  The JSE will however allow for a transition period and furnish listed companies with a guidance letter on the implementation of certain amendments before they become effective, affording companies more time to adhere to the amendments.   

“Our role as the regulator of companies listed on the JSE is to ensure that we continue to build trust and confidence in our market. We do this through the protection of investors by ensuring continuous enhancement in the level of disclosures by listed companies so that investors can make informed investment decisions,” says Andre Visser, General Manager of Issuer Regulation at the JSE.

In September 2018 the JSE released a consultation paper for public comment and facilitated two rounds of rigorous consultation with the market and general public. This is to ensure that engagement and input from the market is considered when amendments are made to the Listing Requirements.

We believe that the amendments we have made to the Listing Requirements will be enabling for listing companies and investors, taking into account the ever changing and evolving local and global financial markets framework.  We remain open to suggestions from the market on further enhancements,” concludes Visser.

The full amendments to the JSE’s Listing Requirements are available on the JSE’s website: https://www.jse.co.za/current-companies/issuer-regulation
 

ENDS

 

ABOUT THE JSE

The Johannesburg Stock Exchange is based in South Africa where it has operated as a marketplace 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). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management. www.jse.co.za

 

JSE contact:

Pheliswa Mayekiso

Media and Internal Communications Manager

Tel: +27 11 520 7495

Email: [email protected]