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].

Published 15 Jul 2019
Posted by JSETestSuperEditor

Johannesburg, 12 June 2019: Africa’s leading hospitality group, Tsogo Sun Hotels Limited today became the second company to list on the JSE’s main board this year.

The listing comes as a result of the Tsogo Sun Hotels Limited unbundling from the Tsogo Sun group. Tsogo Sun Hotels Limited owns, leases and manages hotels in South Africa as well as several sub-Saharan countries, the Seychelles and Abu Dhabi. The Tsogo Sun Group’s 59.2% interest in Hospitality Property Fund Limited (HPF) held by Tsogo Sun Hotels Limited will remain owned and consolidated by Tsogo Sun Hotels Limited. Tsogo Sun Hotels Limited will also hold the Tsogo Sun Group’s minority investment in RBH Hotels UK Limited and International Hotel Properties Limited, based in the United Kingdom. The hotels that have been developed as part of the various casino complexes owned by the Tsogo Sun Group will remain with Tsogo Sun but will be operated under a management agreement by Tsogo Sun Hotels Limited.

Marcel von Aulock, CEO of Tsogo Sun Hotels says, “Over the last five decades, Tsogo Sun has played an important role in shaping the landscape of hospitality and entertainment in South Africa and further afield. In this, its fiftieth year, the group’s anniversary coincides with the listing of Tsogo Sun Hotels on the JSE, with a portfolio of over 100 hotels and a variety of restaurant, conferencing and entertainment facilities. Tsogo Sun Hotels offers investors’ value through footprint and scale as Africa’s leading hospitality group. Today’s listing represents an exciting new era for all of our stakeholders - from shareholders to employees - and we look forward to continuing to serve our guests with the dedication and excellence that they have come to expect from a company such as ours.”

Donna Nemer, Director, Capital Markets and Group Strategy at the JSE, welcomed the Tsogo Sun Hotels Limited listing, adding that: “This significant listing is a cause for celebration not only for Tsogo Sun Hotels Limited, but for the JSE as well. Tsogo Sun Hotels Limited has a rich 50 year international heritage of providing their hotel guests with excellence. This is an opportunity for Tsogo Sun Hotels Limited to unlock a wealth of potential and capital for its investors on one of the best platforms globally for emerging markets”.

Tsogo Sun Hotels Limited becomes the second company to list in the hotels subsector where the sector has a market capitalisation of R4.38 billion. The JSE has 360 companies listed with a total market cap of R16.39 trillion.

 

ENDS

 

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The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for 132 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE) and holds the chairmanship of the Association of Futures Markets (AFM). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management. www.jse.co.za.

 

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