page_title: JSE Limited
section_title: About the JSE
hierarchical_section_title: JSE Limited / About the JSE
caption_attribution_description: The (first) Johannesburg Stock Exchange (JSE) Building, founded on 8th November 1887 by B.M. Woollan. The establishment of the JSE at this time made it the oldest stock exchange facility in the subcontinent.
context_page_description: JSE Limited is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 the JSE had an estimated 473 listed companies and a market capitalisation of US$182.6 billion, as well as an average monthly traded value of US$6.399 billion. As of 31 December 2013, the market capitalisation of the JSE was at US$1,007 billion.
context_section_description: The JSE provides a market where securities can be traded freely under a regulated procedure. It not only channels funds into the economy, but also provides investors with returns on investments in the form of dividends.
   The exchange successfully fulfils its main function—the raising of primary capital—by rechannelling cash resources into productive economic activity, thus building the economy while enhancing job opportunities and wealth creation.
  The exchange is directed by an honorary committee of 16 people, all with full voting rights. The elected stockbroking members, who cannot number less than eight or more than eleven, may appoint an executive president and five outside members to the committee. Policy decisions are made by the committee and carried out by a full-time executive committee headed by the executive president.
  The JSE is governed by its members but through their use of JSE services and facilities, these members are also customers of the Exchange. Each year the JSE must apply to the Minister of Finance for an operating license which vests external control of the exchange in the FSB.
caption: The Johannesburg Exchange in 1893
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