Misplaced Pages

#1998

37-637: The Bidvest Group Limited also known as Bidvest Group or Bidvest is a South African services, trading, and distribution company. Bidvest was founded in 1988 by Brian Joffe and listed on the Johannesburg Stock Exchange in 1990. The Bidvest Group Limited has a corporate office in Johannesburg , South Africa, and employs approximately 132,870 people. The Bidvest Group Limited board comprises eleven members. In March 2019 Bidvest named current Executive Director Mpumi Madisa as CEO-designate. After

74-507: A market capitalisation of US$ 182.6 billion (€158 billion), as well as an average monthly traded value of US$ 6.399 billion (€5.5 billion). As of March 2022, the market capitalisation of the JSE was at US$ 2.35 trillion. The discovery of gold on the Witwatersrand in 1886 led to many mining and financial companies opening and a need soon arose for a stock exchange. The first share transactions on

111-606: A partnership member of the Federation of Euro-Asian Stock Exchanges . The Sustainable Stock Exchanges Global Dialogues are held every two years as the SSE initiative's flagship event. They provide a unique, high-level platform to explore how the world's exchanges can work together with investors, regulators and companies to create more sustainable capital markets. They are designed to analyze, promote and foster communication on stock exchanges' sustainability-related activities. They demonstrate

148-504: A unique platform for CEO's of stock exchanges, listed companies and institutional investors, alongside high-level policy makers and regulators, to demonstrate leadership and understanding of the sustainable development opportunities and challenges facing capital markets today. Hosted by Nasdaq Helsinki, the SSE Regional Dialogue welcomed more than 100 participants from across Nordic markets. A high-level policy dialogue took place in

185-548: Is held on the eve of the launch of the Sustainable Development Goals (SDGs) to bring together capital market leaders to discuss the role they can play in supporting the achievement of these goals. This high-level dialogue included CEOs from SSE Partner Exchanges, institutional investors and listed companies, joining public policy leaders from international organizations and national governments. All participants had an opportunity to speak and engage with their peers on

222-605: The World Federation of Exchanges (WFE), and the International Organization of Securities Commissions (IOSCO). The SSE provides a multi-stakeholder learning platform for stock exchanges, investors, regulators, and companies. The first meeting of the SSE was opened by UN Secretary-General Ban Ki-moon in New York City in 2009. Subsequently, the SSE began holding "Global Dialogues" every two years, starting with

259-803: The 2010 SSE Global Dialogue in Xiamen , China, which took place as part of the UNCTAD World Investment Forum. The second SSE Global Dialogue was held in 2012 in Rio de Janeiro , Brazil, as part of the Global Compact Corporate Sustainability Forum. At the SSE 2012 Global Dialogue a new dimension to the Initiative was launched, with the five participating stock exchanges making a voluntary public commitment to sustainability in their markets, thereby becoming an SSE Partner Exchange. Since

296-613: The JSE became a founding member of the United Nations Sustainable Stock Exchanges initiative on the eve of the United Nations Conference on Sustainable Development (Rio+20) . On 14 April 2014, the JSE re-branded to demonstrates the bourse's identity as a modern African marketplace that connects investors to growth opportunities not only in South Africa but globally. In May 2022, the JSE became

333-755: The JSE became a member of the Federation International Bourses de Valeurs (FIBV). In 1978, the JSE took up residence at 17 Diagonal Street near Kerk Street, Johannesburg . 1993 saw the JSE become an active member of the African Stock Exchanges Association. After 108 years, the open outcry system of trading was changed to an electronic system on 7 June 1996. In September 2000, the Johannesburg Securities Exchange moved to its present location in Sandton, Gauteng at

370-476: The JSE on Hollard Street. It was a storey building that took up an entire whole city block bounded by Fox and Main, Hollard and Sauer Streets. After World War II , it became apparent that this building was again inadequate and in 1947 the decision was made to rebuild the stock exchange. It took 11 years before construction began and in February 1961 the second exchange at Hollard Street was officially opened. By 1963,

407-494: The JSE was born on 8 November 1887. What immediately gave the JSE a clear advantage over exchanges such as Kimberley, Barberton, and, most importantly, London, was that listing of companies for a quotation on the Official List of the JSE was an easy and relatively cheap procedure. This relatively simple and non-restricting nature of the early Exchange promoted a wave of initial registrations on the Official List, with 68 companies by

SECTION 10

#1733202327002

444-537: The Rand took place in a rustic canvas tent, with trade taking place on Sundays, as this was the only day when mining was not allowed, owing to a strictly enforced regulation prohibiting the entry of African workers to the gold reefs. The Johannesburg Exchange & Chambers Company was established by a London businessman, Benjamin Minors Woollan and housed at the corner of Commissioner and Simmonds Streets. Out of this

481-576: The Regional Dialogue, leaders of the Hanoi, Hochiminh and Malaysia Stock Exchanges announced their public Commitments to join the SSE initiative as SSE Partner Exchanges. The SSE Regional Dialogue: Nordic Countries began on 4 November 2015. The Sustainable Stock Exchanges Regional Dialogue: Nordic Countries took place in Helsinki, Finland. The SSE Regional Dialogue, the first of its kind in the region, offered

518-404: The SSE welcomes participation from securities regulators, investors, companies and other key stakeholders within its Consultative Group. The PRI has an SSE Investor Working Group that has been actively engaged since 2009. The SSE's flagship event is its biennial Global Dialogues and it continues to develop new work streams to address specific stakeholder requests. On 17 October 2023, the SSE became

555-574: The SSE, hosted by the Colombian Securities Exchange (BVC), and sponsored by the Latin American Sustainable Investment Forum (LatinSIF). The SSE Regional Dialogue: South East Asia was held on 18 May 2015. The Sustainable Stock Exchanges Regional Dialogue South East Asia kicked off in the heart of Bangkok, Thailand with the participation of more than 150 delegates from 13 countries. The SSE Regional Dialogue, as

592-517: The United Nations Palais de Nations . The focus of this event was "Capital Markets for Sustainable Development." It featured over 30 high-level roundtable speakers, consisting of CEOs and Chairmen of Stock Exchanges, investors, companies and standard setters, as well as capital market regulators and policymakers. This event was held as part of the four-day UNCTAD biennial World Investment Forum from October 13 to 17. The 2012 Global Dialogue

629-500: 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

666-761: The corner of Maude Street and Gwen Lane. It adopted the JSE Securities Exchange as its new official name. In 2001 an agreement was struck with the London Stock Exchange enabling cross-dealing between the two bourses and replacing the JSE's trading system with that of the LSE. In 2009 the JSE acquired the Bond Exchange of South Africa for R240 million and rebranded it the JSE debt market adding South African government and corporate bonds as well as interest rate derivatives to its product set. On 18 June 2012,

703-514: The critical question of how markets can support sustainable development. The SSE Leaders Luncheon helped to set the agenda for how capital market actors can support the SDGs in the coming years. From sustainability reporting and mobilizing finance to gender equality and global partnerships, stock markets have an important role to play in promoting good corporate practices and facilitating investment in sustainable development. The SSE Leaders Luncheon: Climate

740-400: The end of November 1887. The Official List further expanded to more than 300 companies by the end of January 1890. By 1890 the trading hall became too small and had to be rebuilt but this too was outgrown. Trading then moved into the street. The Mining Commissioner closed off Simmonds Street between Market Square and Commissioner Street by means of chains. In 1903, a new building was built for

777-635: The event, several other leading exchanges have joined the group of SSE Partner Exchanges. UNCTAD, the UN Global Compact, the PRI and UNEP-FI, as the core organizer of the SSE Initiative, also committed to supporting stock exchanges in this effort. The SSE initiative invites exchanges globally to become Partner Stock Exchange within the SSE by making a voluntary public commitment to promote improved ESG disclosure and performance among listed companies. In addition,

SECTION 20

#1733202327002

814-536: The exchange in advance. The Alternative Exchange is a stock exchange that was founded as a division of the JSE in order to accommodate small- and medium-sized high growth companies. Its website is accessible from the front page of the JSE's main website. The Alternative Exchange is known as AltX . The bourse is operated by JSE Limited, a company that listed on its own main board in June 2006. Sustainable Stock Exchanges Initiative Other key stakeholders include

851-861: The exchange in the FSB . The JSE's fully automated (electronic trading) trading system is called the Millennium Exchange, which replaced the JSE TradElect system in 2012, which in turn had replaced the JSE SETS system in April 2007, which had replaced the JSE JET system in May 2002. The change to the Millennium Exchange involved moving the platform from London to a new platform housed in the JSE building in Johannesburg, thus speeding up

888-527: The execution of transactions. The JSE operates an order-driven, central order book trading system with opening, intra-day and closing auctions. In August 1997, the JSE launched the real-time Stock Exchange News Service (Sens) to enhance market transparency and investor confidence. Initially, it was optional for listed companies to use the service during its two-month trial period. From 15 October, augmented JSE listing requirements oblige companies to disseminate any corporate news or price-sensitive information on

925-454: The first exchange to come to market with a new service from provider xyt that would utilize peer group rankings to help trading firms explore market share and examine and view trading interactions and performance. It would be called JSE Trade Explorer. 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

962-627: The first of its kind in South East Asia, offered a unique platform for CEOs of stock exchanges, listed companies and institutional investors, along with high-level policymakers and regulators, to demonstrate leadership and understanding of the sustainable development opportunities and challenges facing capital markets today. Afternoon workshop sessions were made possible through the support of collaborating partners GRI ( Global Reporting Initiative ), CDSB (Climate Disclosure Standards Board), ASRIA (Asia Investment Group on Climate Change) and MSCI. During

999-504: 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

1036-953: The morning of 4 November, followed in the afternoon by practical workshops to assist investors, companies and other capital market stakeholders with integrating sustainable development into investment and business strategies. Eight new exchanges joined the SSE initiative at the SSE Regional Dialogue: Nordic Countries. The SSE partners with exchanges, investors, and other capital market leaders worldwide to bring capital market players together to identify, discuss and take collective action on common sustainability issues alongside key events and UN summits. These high-level events bring exchanges together with policy makers, regulators, investors, companies and other relevant stakeholders for candid conversations aimed at collectively problem solving key issues, challenges and opportunities facing capital markets today. The SSE Leaders Luncheon: SDGs

1073-462: The progress of stock exchanges while highlighting the challenges and opportunities ahead. Another core purpose is to facilitate the sharing of experiences that encourage exchanges and their regulators to enhance listing rules and regulatory initiatives to include the disclosure of sustainability strategies by listed companies. The 2014 Global Dialogue was held in Geneva , Switzerland, on 14 October 2014, at

1110-510: The public and bring exchanges together with policymakers, regulators, investors, companies and other relevant stakeholders. For SSE Regional Dialogue: LatAm & Caribbean, Latin America's four largest stock exchanges gathered in Colombia for the first Sustainable Stock Exchanges (SSE) Regional Dialogue: LatAm & Caribbean. The regional version of the flagship SSE Global Dialogue was facilitated by

1147-549: The retirement of Lindsay Ralphs on 30 September 2020, Mpumi Madisa assumed the role of Bidvest CEO. JSE Limited JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange ) 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

Bidvest Group - Misplaced Pages Continue

1184-481: The service prior to using any other media outlet. Sens is carried by all the major wire services . Since its inception over ten years ago, Strate (Pty) Ltd has become the licensed South Africa's Central Securities Depository (CSD) for the electronic settlement of financial instruments in South Africa. Strate's stated core purpose is to mitigate risk, bring efficiencies to South African financial markets and improve its profile as an investment destination. Strate handles

1221-700: The settlement of a number of securities, including equities and bonds for the Johannesburg Stock Exchange (JSE), as well as a range of derivative products such as warrants, exchange-traded funds (ETFs), retail notes and tracker funds. It has now added the settlement of money market securities to its portfolio of services. It provides services to issuers for their investors in terms of the Companies Act and Securities Services Act (SSA), 2004. JSE's normal trading sessions are from 9:00am to 5:00pm on all weekdays except Saturdays, Sundays and holidays declared by

1258-778: The world. The 2009 Global Dialogue was held on 2 November 2009. More than 100 top executives from around the world met at UN Headquarters in New York to explore how the world's exchanges can work together with investors, regulators, and companies to enhance corporate transparency , and ultimately performance, on environmental, social and corporate governance (ESG) issues and encourage responsible long-term approaches to investment. The SSE partners with exchanges, investors and other capital market leaders worldwide to bring capital market players together to identify, discuss and take collective action on common sustainability issues pertinent to their region or globally. These high-level events are open to

1295-636: Was held in December 2015. World leaders gathered for the 2015 United Nations Climate Change Conference (COP21) to complete a new global agreement. This summit caps a year that has seen numerous momentous international breakthroughs, from the G20 pact on climate policy to the China-USA Joint Presidential Announcement on Climate Change. As climate plays an increasingly prominent role in the development of investment policy and regulation, it also has

1332-520: Was held on 18 June 2012 in Rio de Janeiro, Brazil. It focused on the role of the world's stock exchanges in encouraging responsible, long-term investment and creating sustainable financial markets. The event took place in the days leading up to the United Nations Conference on Sustainable Development (Rio+20) as part of the UN Global Compact ’s Corporate Sustainability Forum (CSF). The 2010 Global Dialogue

1369-497: Was held on 8 September 2010 in Xiamen , China. It took place against the backdrop of UNCTAD's World Investment Forum and the China International Fair for Investment and Trade (CIFIT) which brought together 1,500 leaders from various stakeholder groups including governments, businesses, international organizations, investment promotion agencies, civil society, and international investment experts and practitioners from across

#1998