JSE broadens its Africa offering

JSE broadens its Africa offering

The Johannesburg Stock Exchange (JSE) recently announced a new strategy for growing its investment offerings from Africa. This includes collapsing its Africa Board listing into the exchange’s Main Board and actively pursing smaller and medium sized African companies for a listing on its AltX Board.

This strategic shift was largely prompted by the October 2011 announcement by the South African National Treasury that African companies previously viewed as foreign listing would be treated as domestic making it easier for South African to invest in JSE-listed African stocks.

“There is an opportunity for the JSE to work with African exchanges and various development institutions to build capacity on the continent. This means taking a critical look at what issuers – companies, governments and others- from the rest of the continent are looking for, and aligning these needs with those of the international investment community,” says Siobhan Cleary, Director of Strategy and Public Policy at the JSE.

The JSE will also work to diversify its African suite of investment instruments offered to include depository receipts, a broader range of exchange traded products and debt instruments.