JSE relaxes listing rules

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JSE is hoping to attract new listings
THE Johannesburg Stock Exchange (JSE) is hoping to attract new listings by dropping some requirements related to auditors, simplifying disclosures that listed companies need to make and introducing a board that will only focus on the needs of technology companies.

It hopes that these and other interventions will encourage more companies to list on the exchange.

For the past seven years, the JSE has lost more listings than it gained new entrants. In fact, compared to a decade ago, it now has 18% fewer listings.

Shareholders are nervous about how many more companies Africa’s largest exchange might lose in coming months. Fin24.com

 

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