News24 has reported that the Johannesburg Stock Exchange (JSE) is considering a split of its main board into two in an effort to attract more smaller companies. This move is aimed at creating a more inclusive platform for businesses of varying sizes.

The proposal to split the main board comes as part of the JSE’s strategy to appeal to a broader range of companies and foster a diverse marketplace. By offering separate boards, the JSE hopes to provide a conducive environment for smaller enterprises to thrive and access capital markets effectively.

According to the article, the JSE Limited, the operator of the exchange, is exploring this initiative to potentially enhance capital raising opportunities for companies that may find it challenging to meet the current listing requirements. The split could also streamline the delisting process and improve overall market operations.

Andre Visser, a prominent figure in the financial sector, commented on the potential benefits of this proposed split. He highlighted the importance of accommodating smaller businesses and facilitating their growth within the exchange ecosystem.

This development underscores the JSE’s commitment to supporting a diverse range of companies and promoting a dynamic investment landscape. By adapting its structure to cater to the needs of smaller enterprises, the JSE aims to strengthen its position as a leading stock exchange in South Africa.

As the JSE continues to explore this strategic shift, industry experts are closely monitoring the potential implications and opportunities that may arise from the division of the main board. The decision to split the board reflects a proactive approach by the JSE to foster innovation and inclusivity in the capital market.