JSE issues apology for the incorrect meta description on broker search

JSE Limited (“JSE) was alerted to an incorrect meta description automatically generated by search engines when searches relating to the JSE in relation to company information is performed. This resulted in the JSE’s awareness campaign relating to a cautionary pop-up on the JSE website regarding investment scams being displayed in search results.

The JSE has implemented technical measures to remedy the incorrect description.

We sincerely apologise for the error and in the event that you require any further information in respect of the remedial actions implemented or the JSE to clarify the incorrect search results, please contact [email protected].

Real Estate Investment Trusts (REITs) offer investors exposure to real estate properties through a JSE-listed instrument. Property loan stock companies and property unit trusts, listed on the JSE have been converting into REIT structures since April 2013. ​

Who is this for?

Investors who want exposur​e to the property ​market without the large initial capital outlay.​​

Features

  • Must pay at least 75% of their taxable earnings available for distribution out to investors as dividends, giving investors certainty that net income will be paid out.
  • Earn their income from property leases, which means that they usually have a relatively stable income stream, which is adjusted upwards annually to keep pace with inflation.
  • Earn their income from commercial properties with long lease periods, which means that they usually have a relatively stable income stream, which is adjusted upwards annually to keep pace with inflation.
  • Are required to have a committee to monitor risk.
  • Investors may face some degree of risk because economic and social situations are unpredictable and may positively or negatively impact rental income and the price of REITs.
  • Foreign shareholders of SA REITs will be levied a dividend withholding tax from 1 January 2014. The current rate is 15%; or the applicable double tax agreement rate could apply.
  • Gives the property company enhanced tax efficiency as tax is payable by the end investor.​

How to get REITs

Open an account with an authorised JSE Equity member to buy or sell REITs. ​