Preference Shares are Shares that have some of the characteristics of debt and equity. They behave like Shares in that their prices can climb over time as they are traded, but are similar to debt because they pay investors fixed returns in the form of dividends.
Preference Shares are used by professional and private investors who prefer a medium risk and return.
To buy Preference Shares, individuals will need to open a brokerage account with
a JSE Equity Member Certain Exchange Traded Funds (ETFs) also give exposure to Preference Shares.