JSE to relax listing rules, appoint new board just for tech companies | Fin24

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The JSE is hoping to stem the tide of delistings with a raft of new changes.

JSE CEO Dr Leila Fourie, says the exchange is relooking at its listing requirements and financial disclosures.The Johannesburg Stock Exchange is hoping to attract new listings by dropping some requirements related to auditors and simplifying disclosures that listed companies need to make – and introducing a board that will only focus on the needs of technology companies.For the past seven years, the JSE has lost more listings than it gained new entrants.

18% fewer listings. Shareholders are nervous about how many more companies Africa's largest exchange might lose in coming months.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.

 

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