Johannesburg Stock Market
Johannesburg Stock Market Limited is a stock exchange located in Sandton, Gauteng, South Africa. The stock exchange was first established in 1887 after the discovery of gold led to a boom in mining and financial companies. In the year 2000, Johannesburg Stock Market changed its name to JSE Limited. As the largest stock exchange in Africa, Johannesburg Stock Market is ranked as the 16th largest stock exchange in the world, based on capitalisation. The market capitalisation handled by Johannesburg Stock Market reached nearly $580 million US dollars as of 2006. Johannesburg Stock Market founded the Alternative Exchange division. This division is meant to handle medium and small sized companies.
The main purpose of Johannesburg Stock Market is to raise capital for companies and corporations in Africa. The efforts of the company are aimed at strengthening the African economy while creating more wealth and employment for the country's population. Johannesburg Stock Market operates as the sole stock exchange in South Africa. The company makes use of the JET System (Johannesburg Equities Trading). This is a fully-electronic and automated trading system that the Chicago Stock Exchange installed. In 1997, the Johannesburg Stock Market began a service called Sens, or Stock Exchange News Service. All companies under JSE listing are required to submit to the service all news and information that may affect prices. This system is meant to boost investor confidence, while keeping a level of transparency in the market.
