The following table outlines the requirements for listing on the JSE.
REQUIREMENTS Share Capital
VENTURE CAPITAL MARKET R500 000
DEVELOPMENT CAPITAL MARKET R1 000 000
MAIN BOARD R2 000 000
REQUIREMENTS Number of shares in issue
VENTURE CAPITAL MARKET 1 000 000
DEVELOPMENT CAPITAL MARKET 1 000 000
MAIN BOARD 1 000 000
REQUIREMENTS Trading record
VENTURE CAPITAL MARKET A profit history is not necessary but
company should, in its analysis of
future earnings, indicate credible
returns on capital which, on a time-
weighted basis, are above average
DEVELOPMENT CAPITAL MARKET A satisfactory profit history for the
last two years with current audited
profit level of R500 000 before tax
MAIN BOARD A satisfactory profit history for the
last three years with current audited
profit level of R1million before tax
REQUIREMENTS Number of public equity shareholders
VENTURE CAPITAL MARKET Minimum of 75
DEVELOPMENT CAPITAL MARKET Minimum of 75
MAIN BOARD Minimum of 300
REQUIREMENTS Number of equity shares held by these
public shareholders
VENTURE CAPITAL MARKET At least 5% of the number of equity
shares in issue
DEVELOPMENT CAPITAL MARKET At least 10% of the number of equity
shares in issue
MAIN BOARD At least 10% of the number of equity
shares in issue
REQUIREMENTS Minimum share price
VENTURE CAPITAL MARKET 50 cents
DEVELOPMENT CAPITAL MARKET 50 cents
MAIN BOARD 100 cents
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
