JSE Securities Exchange South Africa
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1887 The discovery of the Witwatersrand goldfields in 1886 and the
subsequent formation of mining and financial companies, meant
investors needed a facility through which to buy and sell
shares. Benjamin Woollan provided that facility when he
founded the JSE in November 1887.
1963 The JSE was admitted as a member of the Federation
Internationale des Bourses de Valuers (FIBV).
1985 The first appointment of an independent businessman as JSE
1987 The JSE celebrated its centenary on 8 November 1987.
1993 The JSE became an active member of the African Stock Exchanges
1994 The Research report into the structure of the JSE was published
in May 1994.
The JSE was granted designation by the Japan Securities Dealers
Association on 9 December 1994.
1995 On 8 November 1995 the requirement that all stockbrokers be
South African citizens was abolished, the South African
Institute of Stockbrokers which is responsible for examination,
admission, and disciplining of stockbrokers was formed and the
option of corporate membership with limited liability subject
to the appropriate capital requirements was introduced. The
trading entity is now the member. Additionally, ownership of
members by non-stockbrokers is allowed subject to the passing
of a fit and proper test. This enables, inter alia, banks to
operate stockbroking businesses.
1996 On 15 May 1996 , the formal bond market passed from the JSE to
the Bond Exchange of South Africa which is licensed as a
financial market in terms of the Financial Markets Control Act.
Following the closure of the open outcry trading floor on 7
June 1996, an order driven centralised automated trading system
known as the Johannesburg Equities Trading (JET) system was
introduced together with dual trading capacity and negotiated
FURTHER INFORMATION CAN BE OBTAINED FROM
Internet : http://www.jse.co.za
Johannesburg Stock Exchange * Public Relations Department
17 Diagonal Street * Johannesburg 2001 * Telephone 27 11 377 2200
P O Box 1174 * Johannesburg 2000 * Telefax 27 11 834 7402
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