Johannesburg Bourse Plans Overhaul to Encourage Smaller Listings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 19 2024
0mins
Should l Buy ?
Source: Bloomberg
- JSE Listing Requirements: JSE Ltd. plans to ease listing requirements to attract smaller companies, proposing a split into Prime and General Segments to streamline regulations.
- Proposed Reforms: Key reforms include more flexibility in share issuance, removing fairness opinions for certain transactions, and simplifying financial reporting requirements for the general segment.
- Importance of Changes: The aim is to encourage investment, boost confidence among investors, attract more capital, and retain current listings to improve the overall health of the capital market.
- Decline in Listings: South Africa's main stock exchange has seen a decrease in listings due to challenging regulatory and funding conditions, making it less appealing for initial public offerings.
- Feedback and Approval: Public feedback on the proposal is open until May 20, 2024, and approval from the Financial Sector Conduct Authority is required for the plans to be implemented.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
