When was the jse establish as a stock exchange

About AFM. Board of Directors. Associate Members. Past Conferences. AFM - Members' News. Nor is a trading record. To list on the JSE companies have to have at least R25 million share capital, three-year profit history and a minimum pre-tax profit of R15 million. For JSE AltX listings, companies simply require R2 million share capital, no profit history and have no pre-tax limits.

South Africa suffers from very high levels of unemployment. Many argue this can be solved by promoting and supporting SMEs because they are more likely to create employment. But research suggests that not all SMEs contribute equally to job creation and economic growth.

And that, specifically the SMEs with the highest potential for macroeconomic benefit, including job creation, are those that would list on a stock exchange. This can be attributed to various reasons from talent, skills, and inability to secure funds needed for growth.

It is, therefore, important to understand what makes SMEs achieve sustainable growth. And then the necessary conducive conditions that allow high-potential SMEs to realise their potential need to be created.

While various efforts are made to encourage the establishment of SMEs, sustainability and growth are often constrained by financing. Benjamin Minors Wollan proposed to a meeting of the Exchange and Chambers Company board and members that 'the Johannesburg Stock Exchange should be established.

The establishment of the JSE at this time made it the oldest stock exchange facility in the subcontinent. Growth in the mining industry was reflected in the economic boom of the s that the JSE experienced.

Between and an estimated million pounds was invested in the gold industry with more than half from foreign investments. The JSE became the centralised market all trading securities.

An amendment to Stock Exchange Control Act allowed broking firms to become incorporated. Companies with unlimited liability of directors and shareholders. The Stock Exchanges Control Act of was promulgated. SA Breweries was the first corporate to issue a bond. A researched report into the structure of the JSE was published in May Indroduction of corporate and qualified membership. Corporate broking membership with limited liability was introduced supplementing sole traders, partnerships and unlimited liability corporate membership.