Johannesburg - The JSE, which dates its existence back to 1887, is opening its first office outside of Johannesburg.
The bourse says, as Cape Town is an increasingly important hub of South Africa’s financial services industry, it is opening a new office in the city to “enhance its service to clients, build and strengthen relationships and provide accessible support to the market”.
In a statement issued on Wednesday, the JSE’s Capital Markets director Donna Oosthuyse says: “Cape Town is a major centre for global and local institutional investors as well as listed companies.
“Being the second largest economic hub of South Africa, and the head office base of many institutional clients and an increasing number of member firms and brokers, an office in the city is a logical part of the JSE’s client strategy.”
In the new office, the JSE will be represented by Senior Capital Markets Specialist Maryke Vreulink. It will be used for all JSE-related activities and events held in Cape Town.
The bourse is currently ranked the 19th largest stock exchange in the world by market capitalisation and the largest exchange in the African continent.
It was formed in 1887 during the first South African gold rush. In 2003, it launched an alternative exchange, AltX, for small and mid-sized listings, followed by the Yield X for interest rate and currency instruments.
The JSE then acquired the South African Futures Exchange (SAFEX) in 2001 and the Bond Exchange of South Africa (BESA) in 2009. Today we offer five financial markets namely Equities and Bonds as well as Financial, Commodity and Interest Rate Derivatives.
For the past almost 16 years it has been based in Sandton after moving out of the Johannesburg central business district, where it had occupied three buildings, most famously the one on Diagonal Street.
IOL