Transforming our business

The JSE’s transformation efforts are focused on areas that will broaden the talent pool, develop people, improve stakeholder relationships, improve enterprise and supplier development and support procurement initiatives.

The Board, executive management and senior employees of the JSE recognise that transformation is a moral and strategic business imperative. The JSE is working towards becoming demographically representative in knowledge, skills, experience, gender and disabilities.

Our BBBEE status

We are measured under the revised Financial Sector Charter and have maintained our Level 2 rating for 2022. This rating is valid until 13 March  2024.

AQRate Proprietary Limited (AQRate), an independent South African National Accreditation System (SANAS) accredited verified the JSE scorecard and related support documents according to SANAS standards. You can download our latest BBBEE Compliance Report and BBBEE Certificate

Scorecard element




Equity ownership



Management control



Skills development



Preferential procurement



Enterprise and supplier development



Socio-economic development and consumer education






JSE BBBEE Certificate 2022
Click to download (204.63 KB)
JSE BBBEE Certificate 2021
Click to download (378.13 KB)
JSE BBBEE Certificate 2020
Click to download (296.4 KB)
JSE BBBEE Compliance Report 2022
Click to download (476.79 KB)
JSE BBBEE Compliance Report 2021
Click to download (575.33 KB)
JSE BBBEE Compliance Report 2020
Click to download (319.13 KB)

Our transformation initiatives


We aim to increase Black ownership of the JSE sustainably over time.

Black ownership statistics



Voting rights of Black people



Voting rights of Black women



Economic interest of Black people



Economic interest of Black women



Management control

We continue to build a transformed Board and Exco over time, focusing on employment equity appointments at the Exco level.  Our employment equity programmes promote diversity and an equitable workplace. JSE has been monitoring progress against employment equity targets and we are progressing well towards achieving these.

Skills development

The JSE implements strategic talent management initiatives to upskill our Black employees. This includes a learnership programme for Black females living with disabilities.  Various skills programmes are offered for our employees, including FASSET-funded initiatives such as the Wits Development Programme and International Women in Leadership.

Preferential procurement

Our procurement policy promotes preferential procurement practices that consider the BBBEE credentials of potential suppliers. Over the years we have seen an improvement in the number of suppliers that meet the BBBEE, Black and/or Black woman ownership, or exempt micro-enterprise and qualifying small enterprise criteria. Black-owned exempt micro-enterprise and qualifying small enterprises are further supported by 15-day payment terms to support their cash flow management.

Enterprise development

The JSE’s Black Stockbroker programme provides financial assistance to emerging black stockbroking firms to support them in sustainably growing their businesses. This is done through cash rebates from equity trading fees and application programme interface connectivity fees. Participants use the funds to develop their businesses by employing more resources or acquiring technology to enhance their customer proposition and productivity.

Supplier development

The JSE’s supplier development initiative helps Black-owned small and medium enterprises (SMEs) grow their businesses, expand their customer base, increase their turnover and profitability and scale their operations. These SMEs participate in our corporate supply chain.

Consumer education and socio-economic development

The JSE Investment Challenge is our flagship initiative for financial literacy. The challenge, which has run for the past 49 years, is a fun, interactive, online trading game aimed at introducing South African high school learners and university students to the world of finance and investments in JSE-listed instruments.

The JSE’s socio-economic development initiatives focus on education, healthcare, and skills and development for disadvantaged communities and are executed through registered not-for-profit organisations. This includes providing funding to learners from low-income families to pay for quality accredited qualifications at public colleges or universities. The JSE Empowerment Fund (JEF Trust) provides academically deserving black South African students with the finance and support to acquire appropriate qualifications for entering the financial services sector on completion of their university training.