MARKET INFORMATION
Johannesburg Stock Exchange (JSE)

 

 

Trading Hours

Opening Auction Call

08:30 – 09:00

Continuous Trading

09:00 – 16:50

Closing Auction Call

16:50 – 17:00

Trade at Last

17:05 – 17:15

Time Zone

GMT+2

Trading Days

Monday – Friday

Trading Currency

South African Rand (ZAR)

 

Main Index

JSE All Share

Reuters code

.INDZI

Bloomberg code

ZHIALLSH

 

Reuters & BBG code

.JALSH; JALSH Index

Exchange Code

Reuters & Bloomberg

.J ; SJ

Trading ID/ Trading Requirements

None, Post Allocatio

Settlement Cycle

T+3

Current Index Status

MSCI & FTSE: MSCI EM; FTSE EM

Market Cap

USD $0.92tn

Average Daily Value Traded
YearAVG VALUE TRADED
2021 $ 1.42bn
2021 $ 1.17bn
2023 $ 1.15bn
MARKET DYNAMICS

Stock Limit Up/Down

These vary per segment (ZA01, ZA02…etc)
and per session.

Tick
Size

1C

Board Lot

1 Share

Icebergs

available: Yes

Crosses

Yes

All or none

Yes

Off- Market Crosses

Yes, with certain restrictions

Official Closing Price

Auction cross level or last traded price if no auction trade.

MARKET REGULATIONS
Foreign Ownership Restriction
None that would be prohibitive. Foreign entities own approx. 38% of the shares listed on the JSE.
Disclosure Rules
Upon crossing every 5% threshold over or under.
Securities Lending
Yes.
Short selling
Yes.
MARKET FEES & TAXES
Strate  5.787bps of gross value of trade with a floor of R7.84, and a ceiling of R93.38 VAT: not applicable to non-res
STT  25bps of the gross value of a trade. Applicable to buys only.
IPL 0.0002% of the gross value of a trade. 0.0002% of the gross value of a trade.
Taxes on holdings/payments:
Dividend Tax  20%
The following two points serve as a guide, and professional tax advice must be sought.
The following taxes may apply on shares held for the purpose of income generation or
capital assets (long term dividend producing stock) disposal.
Capital Gain Tax

Levied at an effective rate of 16.5% for foreign entities. It’s only applicable on immovable property and any indirect interests in shares of a property company (REITs for example).
Withholding Tax  15%