What Is the Johannesburg Stock Exchange?

The Johannesburg Stock Exchange (JSE) was established on November 8, 1887, and was born with the discovery of the Witwatersrand Gold Belt in 1886. At the beginning, it was mainly used to raise funds for gold mine development. Since then, the financing direction has diversified. At present, mining stocks still occupy a considerable position, but industrial and financial stocks have become the protagonists of the exchange.

Johannesburg Stock Exchange

By the end of 2006, more than 480 companies had been listed on the Johannesburg Stock Exchange, with a total market value of $ 580 billion.

As the largest equity market on the African continent, the market value of companies listed on JSE accounts for 75% of the total market value of listed companies in Africa. JSE's market position has been gradually achieved in the past 10 years by introducing and strengthening advanced technologies and market management mechanisms. At the same time, we have established contact mechanisms with other African exchanges to share African-wide information and resources. And JSE has promised them that they will provide development experience and expert advice summarized from South Africa in a timely manner.

Although it ranks first in Africa, JSE is only a medium-sized market in terms of market value in the global financial market. We believe that the relatively small market for JSE has a unique position and advantage. ^[1]