Johannesburg Stocks Exchange


Located in Johannesburg South Africa, the Johannesburg Stocks Exchange offers secure primary and secondary capital markets through a variety of securities. The exchange has a market capitalization of $750 billion and is currently the largest stocks exchange in Africa. JSE was formed in 1887 which was a period characterized by the gold rush in South Africa. In 2001, JSE acquired the South African Futures Exchange (SAFEX) as well as the Bond Exchange of South Africa (BESA) in 2009. Some of the securities listed on the exchange include; equities, bonds, commodities and interest rate derivatives. There are over 400 companies listed on the exchange that include global corporations such as ABMiller, GlencoreXstrata, British American Tobacco (BAT) and BHP Billiton that account for the largest market share. The index used at the JSE is known as FTSE/JSE Africa Index Series. This index is collaboration between JSE and the FTSE Group. There are two other benchmark indices known as FTSE/JSE All Share Index and the FTSE/JSE Top 40. The FTSE/JSE All Share Index accounts for 99% of the market capitalization while the FTSE/JSE Top 40 Index tracks the top listings at the exchange.