JSE expands its African offering

THE Johannesburg Stock Exchange has announced the broadening of its Africa offering.

The JSE's Africa strategy will now include companies listed directly on the Main Board and AltX as well as offering depository receipts and a broader range of exchange traded funds and debt instruments.

The local exchange already offers trade in a wide range of investment instruments focused on Africa outside of SA.

As a result, the JSE will move the companies listed on its Africa Board directly to the JSE's Main Board.

Smaller and medium-sized companies in the rest of Africa fulfilling the criteria of AltX will from now on be encouraged to list. Previously the Africa Board, which includes 12 African companies, only catered for Main Board listings.

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