Beware of "JSE Investment" scams

The JSE Limited/ Johannesburg Stock Exchange (JSE) is aware of a several scams (on Telegram and WhatsApp) posing as authorised JSE investment schemes and/or using the names(s) of JSE Executives (including our CEO, Leila Fourie).

In these investment scams, potential investors are urged to deposit money into a bank account and promised quick and guaranteed returns on their investment. These types of groups are not authorised by the JSE and the investments referred to are not authorised or endorsed by the JSE or any members of the JSE Executive. The JSE does not recruit investors in this manner.

The only way to invest on the JSE is via an authorised JSE stockbroker. A list of stockbrokers can be found on www.jse.co.za and then click on 'find a stockbroker' and you will find a list of stockbrokers in your area who will help you to open an account and you can begin your investment journey with the JSE.

Should you suspect a false investment scam group, please report these to the JSE at [email protected].

Consider listing your company on AltX if it is well established, but not yet ready to list on the JSE’s Main Board. An AltX listing will mean you can: 

  • Issue new shares;
  • Raise capital;
  • Widen your investor base; and
  • Make your shares available for trading on a regulated market.
     

How to list on AltX

Appoint a designated advisor (DA), who will guide you through the listing process, and make sure that all of your company’s directors attend a directors’ induction programme.
The process includes the following steps:

  • The DA will perform a due diligence to determine the appropriateness and suitability of your company for a listing.
  • The DA will advise you on the various methods of listing and provide guidance as to the best method for your company.
  • The DA will help you to compile an application letter and a business plan for submission to the JSE’s Issuer Regulation division.
  • Based on the presentation your board of directors and your DA make to the AltX Advisory Committee, a recommendation will be made to the Issuer Regulation division.
  • Once the JSE’s Issuer Regulation division accepts your application, your DA will help you to compile all the documentation as stipulated by the AltX listings requirements and other relevant legislation.
  • Once the content of the documentation has been verified, the JSE will provide you with a formal approval letter.

Depending on several factors, including how complex a method is chosen for your listing, the listing process will take between eight and 12 weeks to complete.

Attend a directors’ induction programme (DIP) 

If you are an executive or non-executive director of an AltX company, you must attend a directors’ induction programme (DIP). Main Board and non-listed company directors are also welcome to attend this education programme.
AltX and the Institute of Directors of South Africa (IoDSA) collaborate in offering this programme to ensure that company directors are up to date on the JSE Listings Requirements, the principles and practices of corporate governance, the Companies Act and other relevant topics.