Johannesburg Stock Exchange is the largest Stock Exchange in Africa and the top
ten major Exchanges in the World. In July, 2005, the Johannesburg Stock Exchange
became a public limited company. The exchange is completely electronic, utilizing the JET System (Johannesburg Equities Trading).
The Johannesburg Stock Exchange is planning to construct a pan-African exchange by initially allowing investors to trade in shares from Ghana, Namibia, Zimbabwe and Zambia. Later it will develop this to include the rest of Africa. The exchange is governed by an honorary committee of 16 people, who have total voting rights.
History and Origin of the Johannesburg Stock Exchange
In 1886,the invention of gold on the Witwatersrand guided to many mining and financial
companies to open and a requirement for a stock exchange soon developd.
A London businessman, Benjamin Minors Woollan formed the Johannesburg Exchange & Chambers Company at the corner of Commissioner and Simmonds Streets.
On November 8, 1887, the JSE Securities Exchange was established and by 1890, trading moved into the street, because the trading hall became too small.
In 1903, on Hollard Street, a new building was built for the Johannesburg Stock Exchange. In 1947, after World War II, the decision was made to rebuild the stock exchange, because again the building was insufficient.
In February 1961, the second exchange at Hollard Street was officially launched.
In1963, the Johannesburg Stock Exchange took membership of the Federation International Bourses de Valeurs (FIBV). In 1978, the
Johannesburg Stock Exchange shifted to17 Diagonal Street near Kerk Street, Johannesburg. In1993, the Johannesburg Stock Exchange became a working member of the African Stock Exchanges Association. On 2 May 1996, a Memorandum of Understanding was signed between the banks and the Johannesburg Stock Exchange, to set up an electronic settlement system for the South African equities market which is called STRATE (Share Transactions Totally Electronic).
In September 2000, the Johannesburg Securities Exchange shifted to its current location in Sandton, Gauteng and became known as the Johannesburg Stock Exchange Limited.
Market Indices
Top 40, Gold Mining, All Share, Oil and Gas Index, JSE SRI Index, Mid Cap, JSE FINI, INDUSTRIAL, Small Cap, Media Index, All Share ex Res., Financial and Ind. 30, Resource 20, Industrial Index etc. are some of the most important indices on Johannesburg Stock Exchange.
Market Capitalization
In 2003, the
Johannesburg Stock Exchange Limited had an anticipated 472 listed companies and a market capitalization of US$182.6 billion (€158 billion) plus a standard monthly traded value of US$ 6,399 million (€5.5 billion). From 30 September 2006, the market capitalisation of the Johannesburg Stock Exchange was at US$579.1 billion.At present, the Johannesburg Stock Exchange Limited is the 16th most important stock exchange in the World.
The Johannesburg Stock Exchange Limited enrolles shares on two separate markets, the Mainboard and AltX. In August 1997, the Johannesburg Stock Exchange inaugurated the real-time Stock Exchange News Service (Sens) to improve the market transparency and investor confidence.
The largest shares of market capitalization of the Johannesburg Stock Exchange come from the mining industry.
Major Companies listed in Johannesburg Stock Exchange
- ABSA Group Limited
- ACC-ROSS Holdings Limited
- Kagiso Media Limited
- LA Group Limited
- Harmony Gold Mining Company
- Barlo World Limited
- ELB Group Limited
- CBS Property Portfolio Limited
- Datacentrix Holdings Limited
- Edgars Consolidated Stores Limited
Top Investors
- African Bank Investments Limited
- Barplats Investments Limited
- Sekunjalo Investments Limited
- Palabora Mining Company Limited
- Nampak Limited
- Brimstone Investment Corporation Limited
- Martprop Property Fund
- Calulo Property Fund Limited
- Acucap Properties Limited
- Mercantile Bank Limited
Location Details
1 Exchange Square,
Gwen Lane,
Sandown,
Sandton,
Johannesburg.
E-mail: corpcomm@jse.co.za
Mail: Private Bag X991174, SANDTON, 2146
Tel: (011) 520 7000/7301
Website: www.jse.co.za