Johannesburg Stock Exchange provides South African investors with access to global blue chip IT stocks

Johannesburg Stock Exchange provides South African investors with access to global blue chip IT stocks

South African investors can now trade two on the world’s most well-known IT names through the Johannesburg Stock Exchanges listing of single stock futures (SSFs) on Microsoft and Google. This offers local retail investors, whose offshore exposure is capped by South African exchange controls, international exposure without using their R2m foreign allowance.

Like the other international derivatives (IDX) listed on the JSE, these can be purchased through any JSE-registered broker in the same way one would purchase local derivatives products. The other IDX products trading on the JSE currently include blue chip companies such as Berkshire Hathaway, Bank of America, Nokia, LVMH Moet Hennessy Louis Vuitton, BP, Vodafone and GlaxoSmithKline. While retail investors and corporate entities do not have any exchange control restrictions, institutional investors do have to comply with foreign portfolio regulations.  Contracts are priced and settled in Rands.