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].

Copper Futures are standardised, Exchange Traded Derivatives Contracts that give investors the right to buy or sell the underlying Commodity at a fixed price on a future date. In essence, this product exposes local investors to the international copper market through referencing benchmark settlement prices as determined on the New York Mercantile Exchange (NYMEX) through its Commodity Exchange (COMEX) division, a subsidiary of the CME Group. Contracts are priced and settled in rands and can easily be accessed via JSE Commodity Derivatives and Equity derivatives members.

Who is this for?

Copper Futures are hedging tools that offer copper price mitigation opportunities to a range of market participants. The contracts can also be used by speculators hoping to make a profit on short-term movements or benefit from the spread opportunities between the local and international market.

Features

  • Copper Futures provide global price discovery and opportunities for portfolio diversification;
  • Provides easy access to the international market and identification of short-and-long term price and volatility patterns of copper;
  • Effective price risk management and evaluation of both current and future world supply and demand;
  • Hedge or gain exposure based on expectations of directional price or volatility;
  • The risk of loss given local and global environmental and socio-economic factors which can significantly impact the price of commodities.

How to get it

To access Copper Futures and Options, investors need to register as a client with an authorised member firm, deposit the required initial margin and sell or buy according to their needs. To access this product, contact one of the commodity derivatives members

Qualifying factors

  • No limits apply to individuals, foreigners or corporate entities;
  • Pension funds and long term insurance companies subject to their 25% foreign allocation limits;
  • Asset managers and registered collective investment schemes subject to their 35% foreign allocation limits;
  • For the full details relating to qualifying factors, speak to your broker.