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].

Single Stock Futures are derivatives instruments that give investors exposure to price movements on the underlying share. A futures contract is a legally binding agreement that gives the investor the ability to buy or sell an underlying listed share at a fixed price on a future date. SSF’s can be easily accessed via JSE equity derivatives members. Contracts are predominantly physically settled however cash settles versions are also available.

What is the difference between a standard futures contract and a dividend neutral futures contract?

Some of our single-stock futures products are available in both standard and dividend neutral form.

Traditionally futures take out the implied dividends of the underlying over the life of the contract. For example, if we agree to trade the share at some future date, we would take all the expected dividends over that period out of the future price since we would not receive these when trading the share on that future date. Undeclared dividends are based on dividend assumptions which may prove to be incorrect. To remove this dividend risk the JSE has created dividend neutral single-stock futures which removes this assumption risk. For more information on these contracts, please see the section on Dividend Derivatives

Who is this for?

SSFs offer investors the opportunity to enhance the performance of their equity portfolios, protect their investments against adverse price movements and cheaply diversify risk. Speculators hoping to make a profit on short term movements in the futures contract price, asset managers, hedge fund managers, arbitrageurs and retail investors seeking portfolio diversification and hedging opportunities in particular should consider this product. Market participants can go long or short as they see fit.

How to get it

To trade, register as a client with an authorised JSE Equity Derivatives member