JSE seeks input on real estate trusts

Comment on this story
IOL image JSE interior view INDEPENDENT MEDIA The JSE is seen in this file photo: Leon Nicholas.

Johannesburg - South Africa is another step closer to a real estate investment trust (Reit) environment in the listed property sector with the JSE opening the public consultation process on the proposed changes to its listing requirements to allow for the creation of Reits.

This follows the publication of Reit tax legislation for South Africa in October, after more than six years of preparation by the listed property sector and the Treasury to introduce this internationally recognised structure in South Africa.

John Burke, a director of issuer regulation at the JSE, said on Friday the exchange welcomed the public consultation process and looked forward to receiving the views of the industry on the proposed changes to its listings requirements to allow for the creation of Reits.

Norbert Sasse, the chairman of the Property Loan Stock Association, said the public consultation on the JSE listing requirements for Reits was another essential aspect in the overall process of having Reits formally implemented in South Africa.

The proposed JSE listings requirements facilitating the creation of Reits are available on the JSE’s website, www.jse.co.za. – Roy Cokayne

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines