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].

B-Ordinary Shares

B-Ordinary Shares are a different class of Ordinary Share and are subject to the Articles of Association of the company concerned. They often pay higher dividends than Preference Shares. Holders of B-Ordinary Shares have fewer or no voting rights than Ordinary shareholders and may not have a right to any repayment of capital should the company be dissolved.

Who is this for?

B-Ordinary Shares are suitable for investors looking for a long-term investment. They are also suitable for investors who are willing to take higher risk to achieve a higher return.

Features

  • Dividends for B-Ordinary shareholders are not fixed and can be higher than dividends for Preference shareholders.
  • Besides cash flow, shareholders can also obtain capital growth, for example by selling the Share at a price higher than the purchase price.
  • Should the company cease to exist, the B-Ordinary shareholders may not be entitled to any repayment of capital.
  • Holders of B-Ordinary Shares have fewer or no voting rights.

How to get it

To buy or sell B-Ordinary Shares, individuals will need to open a brokerage account with a JSE Equity member.