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
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
In our article " Characteristics of the Commercial Agency Law of the United Arab Emirates" published with Mondaq on 27.09.2016, we outlined the general applicability of the UAE Commercial Agency Law (Federal Law No. 18 of 1981 including its amendments).
Ministerial Decision No. 124/2016 came into force on 27 April 2016 and, in summary, prohibits the registration of company names that are a proper noun or the collective name of a tribe with the letters "Al" preceding it...
It is without doubt that in-house collection offers some advantages because it can move swiftly to recover small debts.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).