Transformation
The JSE has made significant progress on its transformation strategy, internally and externally, over the past five years. Notably, it has diversified the profile of its top management and senior management teams, increasing its representation of ACI and female employees.
Our transformation initiatives, focused on measurable impact, are aligned to six of the United Nations Sustainable Development Goals:
1. Goal 1: No Poverty
2. Goal 4: Quality Education
3. Goal 5: Gender Equality
4. Goal 8: Decent Work and Economic Growth
5. Goal 10: Reduced Inequalities
6. Goal 12: Responsible Consumption and Production
This aims to support stakeholders in our value chain and contribute to addressing key national agenda issues. This includes our financial support of Black-owned stockbrokers, our CSI spend, attracting foreign investors, and engagements with government and regulators to support their programmes.
We are proud of the strides we have made towards building an economically inclusive society and remain committed to building prosperity for our people and the communities where we operate.
Our BBBEE status
We are measured under the revised Financial Sector Charter and have achieved a Level 1 rating for 2024.
AQ Rate Proprietary Limited (AQ Rate), 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
| 2021 | 2022 | 2023 | 2024 | |
| Equity ownership | 16.18 | 16.97 | 18.27 | 17.33 |
| Management control | 17.83 | 18.91 | 18.60 | 19.03 |
| Skills development | 14.22 | 15.56 | 17.40 | 17.00 |
| Preferential procurement | 21.71 | 20.88 | 22.35 | 23.45 |
| Enterprise and supplier development | 13.17 | 11.13 | 13.03 | 13.63 |
| Socio-economic development and consumer education | 8.00 | 8.00 | 8.00 | 8.00 |
| Total | 91.11 | 91.45 | 97.65 | 98.44 |
Our Transformation Initiatives:
Ownership
We aim to increase Black ownership of the JSE sustainably over time.
| Black ownership statistics | 2021 | 2022 | 2023 | 2024 |
| Voting rights of Black people | 19.10% | 20.37% | 26,93% | 24,55% |
| Voting rights of Black women | 8.37% | 8.93% | 12,48% | 11,11% |
| Economic interest of Black people | 13.79% | 14.85% | 15,58% | 13,75% |
| Economic interest of Black women | 5.22% | 5.63% | 6,05% | 5,14% |
Leadership & Governance Transformation
The JSE has diversified its top management and senior leadership teams, increasing representation of African, Coloured, and Indian (ACI) employees and women. We have also strengthened our governance frameworks to ensure ethical decision-making and sustainable business practices.
Financial Inclusion & Market Accessibility
The JSE provides financial support to Black-owned stockbrokers, fostering greater participation in the financial sector. Initiatives such as the SA Tomorrow Conferences aim to attract foreign investors and enhance South Africa’s global financial standing.
Corporate Social Investment (CSI) & Economic Development
CSI spending is directed towards education, poverty alleviation and community upliftment. The JSE engages with government and regulators to support national economic programs.
Broad-Based Black Economic Empowerment (BBBEE) Achievements
The JSE has achieved a Level 1 BBBEE rating under the revised Financial Sector Charter.
Consumer Education & 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.
The strides the JSE has taken demonstrate a strong dedication to sustainable growth and shared prosperity. By focusing on transformation, financial inclusion, and collaboration with key stakeholders, the JSE is shaping a more accessible and equitable financial landscape.