The JSE Limited, also known as the JSE (after its former name, the Johannesburg Stock Exchange), is a significant international market where securities can be traded freely and in a secure, regulated environment. It is located at One Exchange Square in Sandown, Sandton. It is both South Africa’s and the continent’s premier exchange. In order to stay up with the quick-paced, always-changing nature of the global economy, the Johannesburg Stock Exchange has expanded and developed over the past more than 125 years, implementing some of the most cutting-edge technologies and trading procedures. Even just its surveillance system provides a high level of security and safety, rivalling some of the best in the world.
The world woke up and took notice of this hitherto unnoticed region of the “Dark Continent” when gold was discovered in South Africa in the 19th century. In order to handle and gain from this significant source of income and financial influence, the Johannesburg Stock Exchange was established in November 1887. This valuable metal was discovered in the Witwatersrand in 1886. It started out as a floor-based market for trading stocks. However, it now provides investors with a wide range of electronic trading options, equities clearing and settlement, financial derivatives, agricultural derivatives, and more. There is just one exchange in South Africa, the JSE, but regulation permits the establishment of additional exchanges of this type.
SENS (Stock Exchange News Service) was founded in 1997 with the intention of giving investors a more open and educational platform. This has significantly increased investor confidence.
The JSE has more than 470 firms listed with it and trades in the Rand, the currency of South Africa. Its MarketCap was $903 billion at the end of the fiscal year in 2012. (American Dollars). The JSE is considering establishing a pan-African exchange as it expands, which would allow its investors to contemplate trading in shares from Zimbabwe, Zambia, Namibia, and Ghana. This effort may be expanded further into other African nations depending on how well it performs.
A 16-person honorary committee that oversees the JSE is in charge. Members of the stock broking committee, who are limited to 11 individuals, are elected to their positions. The executive president oversees the committee, which decides on policies.
