The Johannesburg Stock Exchange (JSE) is the largest stock exchange in Africa and the 16th largest in the world by market capitalisation. Founded in 1887, the JSE offers listings, trading, clearing and settlement, information services, and issuer services. It is a multi-asset class stock exchange that supports equities, derivatives, and bonds.
The JSE provides a range of index, stock exchange news, historical, and reference data products to meet the business needs of its clients. It also offers an online stock analysis series, SA Stock Picks, which provides professional opinions on stock picks. Additionally, the JSE offers a module that helps investors access the list of companies they can invest in and guides their investment decisions going forward.
Becoming a member of the JSE’s Debt and Derivatives Market or an accredited Equity Market Software Provider is also possible. The JSE is an important player in the African financial market and offers a variety of opportunities for investors and businesses alike.

Overview of Johannesburg Stock Exchange
The JSE is located in Sandton, Johannesburg, South Africa. The JSE is a vital part of South Africa’s financial markets and plays a significant role in the country’s economy. It provides a platform for companies to raise capital by selling shares to the public. Investors can buy and sell shares on the JSE, and the prices of these shares are determined by supply and demand. The JSE also provides a range of indices, such as the FTSE/JSE All Share Index, which tracks the performance of all the shares listed on the exchange.
The JSE is regulated by the Financial Sector Conduct Authority (FSCA), which is responsible for ensuring that the exchange operates in a fair and transparent manner. The FSCA also regulates the conduct of market participants, such as brokers and traders, to ensure that they adhere to the rules and regulations of the exchange.
The JSE has a reputation for being one of the most sophisticated stock exchanges in the world, with advanced trading technology and a high level of liquidity. It is an attractive destination for foreign investors looking to invest in Africa, and it is also an important source of capital for South African companies looking to expand their operations.
Overall, the JSE is a crucial component of South Africa’s financial infrastructure, providing a platform for companies to raise capital, investors to trade securities, and regulators to ensure that the market operates fairly and transparently.
Trading on Johannesburg Stock Exchange
JSE provides investors with a platform to invest in various markets, including Equity, Equity Derivatives, Commodity Derivatives, Currency Derivatives, and Interest Rate Products. The JSE is Africa’s largest stock exchange by market capitalisation and the 16th largest stock exchange in the world.
Equity Trading
Equity trading on the JSE allows investors to buy and sell shares of companies listed on the exchange. The JSE has over 300 companies listed, covering various sectors, including banking, mining, and retail. Investors can trade shares using various order types, including market orders, limit orders, and stop-loss orders.
Derivatives Trading
The JSE offers a range of derivatives products, including single stock futures, equity index futures, and currency derivatives. Derivatives trading allows investors to invest in the underlying asset without owning it. For example, an investor can buy a futures contract on a stock index, which allows them to gain exposure to the index’s performance without buying individual stocks.
Debt Market
The JSE’s debt market provides investors with an opportunity to invest in bonds issued by companies and the government. The bonds’ interest rates are fixed, and investors can hold them until maturity or sell them on the secondary market. The JSE also offers exchange-traded funds (ETFs) that invest in bonds.
Currencies Trading
The JSE’s currency derivatives market allows investors to invest in various currencies, including the South African Rand, US Dollar, and Euro. Investors can trade currency futures and options, which allow them to hedge against currency risk or speculate on currency movements.
In conclusion, the JSE offers investors a range of investment opportunities across various markets. Investors can invest in equities, derivatives, bonds, and currencies, using various order types and investment strategies.
Listed Companies
As of November 2023, there are over 300 companies listed on the JSE, spanning various industries such as financial services, mining, telecommunications, and retail.
Some of the notable companies listed on the JSE include AVI, MTN Group, Sanlam, and Prescient. AVI is a South African food and beverage company that owns popular brands such as Five Roses Tea and Bakers Biscuits. MTN Group is a multinational telecommunications company with operations in several African and Middle Eastern countries. Sanlam is a financial services group that offers insurance, investment, and wealth management services. Prescient is an asset management company that provides investment solutions to institutional and retail clients.
The JSE provides investors with a platform to invest in these companies and benefit from their growth and profitability. Investors can trade shares of these companies on the JSE, either through a broker or online trading platform. The JSE also provides investors with access to information about these companies, such as their financial statements, annual reports, and share prices.
Investing in listed companies on the JSE can be a lucrative opportunity for investors who are willing to take on the risks associated with investing in the stock market. However, it is important for investors to do their due diligence and research the companies they are interested in before making any investment decisions. Investors should also seek the advice of a financial advisor to ensure that their investment strategy aligns with their financial goals and risk profile.
Role of Stockbrokers
Stockbrokers play a crucial role in the Johannesburg Stock Exchange (JSE). They act as intermediaries between the investors and the stock exchange. They offer advice, guidance, and assistance required to take investors through the process of buying and selling stocks.
Stockbrokers are licensed professionals who are authorized to buy and sell securities on behalf of their clients. They provide valuable insights into the market trends, help investors make informed decisions, and manage their investment portfolios.
Stockbrokers are responsible for executing buy and sell orders on behalf of their clients. They work closely with their clients to understand their investment goals and risk tolerance levels. Based on this information, they recommend suitable investment strategies and securities that align with their clients’ financial objectives.
In addition to executing trades, stockbrokers also provide a range of other services, including portfolio management, research, and analysis. They keep their clients informed about the latest market trends and provide regular updates on their investment portfolios.
Overall, stockbrokers play a critical role in the JSE by providing investors with the necessary guidance and support to navigate the complex world of stock trading. Their expertise and knowledge are essential for investors who want to make informed investment decisions and achieve their financial goals.
Market Data and Live Updates
The Johannesburg Stock Exchange (JSE) provides live data for its listed equities, derivatives, and bonds. This data is generated throughout the trading day and supports multiple use cases. Clients can access an extensive range of index, stock exchange news, historical, and reference data products to meet their business needs.
The JSE also offers a wide range of historical market data, which can be packaged to suit clients’ requirements. This includes historical tick data for a single instrument or a range of dates across all markets.
Investors can stay up-to-date with the JSE’s trading activity through live updates. These updates provide a summary of the trading session, including the total number of shares traded, the number of deals made, and the corresponding market value. For example, on Thursday, November 9, 2023, a total of 247,880,207 shares in 353,984 deals, corresponding to a market value of ZAR 15,204,863,534.79, were traded.
The JSE’s equity market data offers information on the performance of listed companies, including their share prices, market capitalisation, and trading volumes. The bond market data provides information on the performance of listed bonds, including their yields and trading volumes. The JSE’s equity derivatives data, commodity derivatives data, currency derivatives data, interest rate derivatives data, and index market data offer information on the performance of these markets.
In summary, the JSE offers a range of market data products and live updates to support investors and businesses in making informed decisions.
Regulations and Compliance
The Johannesburg Stock Exchange (JSE) is a frontline regulator, responsible for setting listings requirements and enforcing trading rules. The JSE Clear, the JSE’s clearing house, has worked tirelessly to adhere to the latest global standards and legislative requirements.
The Issuer Regulation Guide provides an overview of the regulatory environment applicable to listed companies and the listings requirements applicable to companies considering listing their securities on the JSE or companies that already have a listing on the JSE. The JSE is responsible for issuer regulation, which includes ensuring that companies comply with the listings requirements and maintaining the integrity of the market.
The JSE Clear is fully compliant with the requirements put forth by the International Organization of Securities Commissions (IOSCO) for Central Counter Parties (CCPs). Having completed the 2018 self-assessment exercise, JSE Clear is rated as “Observed” across 18 of these principles and “Broadly Observed” in terms of the remaining 2 applicable principles.
In recent years, there have been several regulatory changes in global post-trade services. The JSE Clear has worked tirelessly to adhere to the latest global standards and legislative requirements. The JSE Clear Governance and Compliance department is responsible for ensuring that the JSE Clear complies with all relevant regulations and standards.
Overall, the JSE is committed to maintaining the highest standards of regulatory compliance and ensuring the integrity of the market.
Investment Opportunities
Investors looking to increase their wealth through dividends and profits can explore the various investment opportunities available on the Johannesburg Stock Exchange (JSE). Two popular options are Exchange-Traded Funds (ETFs) and Real Estate Investment Trusts (REITs).
Exchange-Traded Funds
ETFs are a type of investment fund that are traded on the stock exchange. They are designed to track the performance of a specific index, such as the FTSE/JSE All Share Index. By investing in an ETF, investors can gain exposure to a diversified portfolio of assets, without having to purchase and manage individual stocks themselves.
ETFs offer several benefits, including lower fees compared to actively managed funds, flexibility in trading, and transparency in holdings. They can also be a good option for investors who are new to the stock market, as they offer a simple and accessible way to invest in a range of assets.
Real Estate Investment Trusts
REITs are a type of investment that allows investors to own shares in a portfolio of income-generating real estate properties. These properties can include office buildings, shopping malls, and residential complexes. By investing in a REIT, investors can receive a share of the rental income generated by the properties, as well as any capital gains from the sale of the properties.
REITs offer several benefits, including high dividend yields, diversification in real estate holdings, and the ability to invest in real estate without having to purchase and manage properties themselves. They can also be a good option for investors who are looking for a stable source of income, as REITs are required to distribute a majority of their income to shareholders.
In conclusion, the JSE offers a range of investment opportunities for investors looking to increase their wealth through dividends and profits. ETFs and REITs are two popular options that offer several benefits, including diversification, lower fees, and stable income. Investors should carefully consider their investment goals and risk tolerance before investing in any asset on the JSE.
Raising Capital
The Johannesburg Stock Exchange (JSE) provides an ideal listing destination for companies looking to raise capital and tap into large pools of local, global, and institutional investor capital. The JSE is the premier African Exchange and offers new opportunities for businesses to grow and improve their profile.
Capital raising is a crucial aspect of any business, and the JSE provides various ways for companies to improve their cash flow and financial position. The regulatory requirements and implications of capital raising are also covered in the current regulatory and legislative framework.
Established companies seeking capital to grow their businesses can list on the JSE’s Main Board. Smaller, high-potential businesses not yet ready for a Main Board listing can raise capital through a listing on the JSE’s AltX.
The JSE also offers the SME Capital Matching Initiative and the JSE SME Speed Coaching Series, which provide support to small and medium-sized enterprises (SMEs) looking to raise capital and improve their financial position.
Overall, the JSE is an attractive destination for businesses looking to raise capital and improve their financial position. Its reputation as the premier African Exchange and its various initiatives make it a reliable and knowledgeable partner for businesses looking to grow.
Leadership and Vision
Leila Fourie, the CEO of the Johannesburg Stock Exchange (JSE), is committed to a vision of a prosperous and inclusive South Africa within a dynamic and developing continent. Under her leadership, the JSE aims to be a trusted marketplace for an inclusive and prosperous future.
The JSE values leadership that is knowledgeable and inspiring. They empower their employees through growth and development, striving for speed, accuracy, and quality. They operate using global standards, which enable them to grow exponentially, and focus on building South Africa’s economic growth and sustainability.
Fourie’s leadership has been instrumental in driving the JSE’s vision forward. She has overseen the implementation of new technologies and the expansion of the JSE’s product offerings, including the launch of Green Bonds and the development of a new trading platform.
The JSE’s vision of a prosperous and inclusive South Africa is reflected in their commitment to supporting small and medium-sized enterprises (SMEs) and promoting economic growth. They offer a range of services and initiatives to support SMEs, including access to capital, training and development programmes, and networking opportunities.
Overall, Fourie’s leadership and the JSE’s vision are driving the exchange towards a more prosperous and inclusive future for South Africa.
Support and Training
The Johannesburg Stock Exchange (JSE) offers a range of support and training services to help individuals and companies navigate the world of investing. The JSE is committed to providing its clients with the necessary tools, support, and development to help them reach their full potential.
Support Team
The JSE has a dedicated support team that is available to assist clients with any queries or issues they may encounter. The support team is knowledgeable and confident in their ability to provide clients with the necessary information and solutions. Clients can contact the support team via phone, email, or by visiting the JSE offices.
Training
The JSE offers a variety of training options to help individuals and companies learn about shares and investing on the stock exchange. The JSE’s training courses are designed to cater to the needs of both beginners and experienced investors. The training courses cover a range of topics, including:
- Investing in shares
- Technical analysis
- Fundamental analysis
- Trading strategies
- Risk management
The JSE also offers tailored training courses for companies. These courses can be hosted at the JSE or at a venue of the company’s choice. The JSE’s training facilities are equipped with the latest technology and are designed to provide a comfortable and conducive learning environment.
In addition to training courses, the JSE also offers webinars and seminars for individuals. These events are designed to provide clients with the latest information and insights on the stock market. The JSE also encourages learning through mentoring, sponsored education, and paid membership of professional associations.
Overall, the JSE’s support and training services are designed to provide clients with the necessary knowledge and skills to succeed in the world of investing. Whether you are a beginner or an experienced investor, the JSE has the resources and expertise to help you achieve your investment goals.
Frequently Asked Questions
What are the top 10 companies to invest in on the Johannesburg Stock Exchange?
The top 10 companies to invest in on the Johannesburg Stock Exchange can vary depending on the market conditions and investor preferences. However, some of the top companies on the JSE by market capitalisation include Naspers, BHP Group, Anglo American, and Standard Bank Group, among others.
What is the market capitalisation of the Johannesburg Stock Exchange in 2023?
As of November 2023, the market capitalisation of the Johannesburg Stock Exchange is not provided by the search results. However, the JSE is the largest stock exchange in Africa by market capitalisation and offers a range of investment opportunities to local and international investors.
Which shares are currently recommended for purchase on the Johannesburg Stock Exchange?
The search results do not provide any specific recommendations for purchasing shares on the Johannesburg Stock Exchange. Investors are advised to conduct their own research and seek professional advice before making any investment decisions.
What is the role of the Johannesburg Stock Exchange?
The Johannesburg Stock Exchange plays a crucial role in the South African economy by providing a platform for companies to raise capital and for investors to trade securities. The JSE also promotes transparency and accountability in the financial markets, ensuring that investors have access to accurate and timely information.
What are the five stock exchanges in South Africa?
In addition to the Johannesburg Stock Exchange, there are four other stock exchanges in South Africa. These include the Bond Exchange of South Africa (BESA), the Financial Futures Exchange (SAFEX), the South African Futures Exchange (SAFEX), and the Commodity Derivatives Exchange (CDX).
What is the official name of the Johannesburg Stock Exchange?
The official name of the Johannesburg Stock Exchange is JSE Limited.