JSE Simplifies Rules to Boost New Company Listings
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Stock exchanges around the world are shrinking. Fewer companies are going public, and South Africa is no exception, the Johannesburg Stock Exchange (JSE) has seen its listings drop from over 850 in the 1990s to under 300 today. Why? Convoluted listing rules, high compliance costs, and easier access to private capital have made public markets less appealing.
But that might be about to change.
On 21 January 2026, the Financial Sector Conduct Authority (FSCA) approved major reforms to simplify JSE listing requirements, reducing red tape and lowering barriers for companies to list. The move is part of a broader strategy to revive the bourse and attract fresh capital.
What is New
The listing requirements are trimmed off unnecessary steps. For example:
Share issues and buybacks now only need 50% approval (down from 75%).
No more mandatory pro-forma financials for cash issues.
Fairness opinions for related-party deals? Gone.
For new companies looking to list, these changes are already live.
Why this Matters for CIBA Members
If you’re advising SMEs, managing investor relations, or working in capital markets, this is your cue to act. These reforms lower the compliance and financial barriers to capital-raising, aligning directly with CIBA’s stance on cutting red tape, growing GDP, and creating jobs through market-based solutions.
Less friction = more listings = more economic activity.
CIBA supports regulatory shifts that promote lean, accountable governance and remove unnecessary burdens from business. Compliance should protect investors, not block innovation or scare off entrepreneurs. These changes help make South Africa’s financial markets more dynamic, competitive, and growth-friendly, all priorities in CIBA’s economic policy vision.
Thinking of taking a client public, or listing your own venture?
Now’s the time to look again at the JSE.
