Tag archives: JSE

Interventions to facilitate the raising of capital on the JSE

By Alastair Dixon and Olivia Radford on July 19, 2020 Posted in General

There have been calls for the JSE to amend its Listings Requirements to allow listed companies to issue shares more quickly in times of crisis ‘without interference from shareholders’. The JSE’s regulatory framework already provides listed companies with various capital raising methods, including some expedited methods. Having to obtain shareholder approval is an important element … Continue reading

Methods of raising capital on the JSE

By Alastair Dixon and Olivia Radford on July 10, 2020 Posted in General

The JSE has amended its Listings Requirements in the past few years by introducing alternative methods of raising capital and measures aimed at expediting traditional methods. The JSE is aware that, in times of crisis, listed companies may need to raise capital at short notice. Delays in the raising of capital, particularly those caused by … Continue reading

King IV and BEE – previously voluntary, now mandatory in the amendments to the JSE Listings Requirements

By Alessia Maxwell and Christina Pretorius on July 13, 2017 Posted in General

The Financial Services Board amendments to the JSE Listings Requirements (board notice 52 of 2017) which are now in effect, are primarily focused on two aspects: They include certain of the obligations set out in the King Report on Corporate Governance for South Africa, 2016 (King IV) as mandatory obligations in the Listings Requirements (the … Continue reading

Proposed amendments to the JSE Derivatives Rules and Directives

By Desiree Reddy (ZA) on December 11, 2016 Posted in Banking

The Financial Services Board, acting in terms of the Financial Markets Act 2012, has published proposed amendments to the JSE Derivatives Rules and Directives. The proposed amendments deal with: The buying and selling of derivative securities; and Derivative transactions that take place off the JSE’s Automatic Trading System (ATS). The ATS is the computerised facility which … Continue reading

High Frequency Trading

By Bridget King and Tracey-Lee Barnes on December 18, 2014 Posted in Banking

In the United States High Frequency Trading (HFT) is expected to account for about 48,5% of exchange trade volume in 2014. This percentage has dropped from HFT’s peak of 61% in 2009. In the UK, estimates are that HFT represents approximately 36% of UK stock market transactions. This is a globally significant volume of trades. … Continue reading

The appointment and termination of a debt sponsor under the amended JSE debt listings requirements

By Gareth Munnick and Pierre Swart on December 10, 2014 Posted in Banking

The amended JSE debt listings requirements come into operation on 22 December 2014. They aim to bring the JSE debt listings requirements in line with the Financial Markets Act, 2012 that came into force in 2013. The authority of the JSE, including its general powers over listing debt securities such as bonds and commercial paper, … Continue reading