Copper 360, a South African red metal producer, today listed on the JSE, the second listing for Africa’s largest stock exchange this year amid an economic meltdown that has constrained economic activity and company growth. Copper 360 owns three subsidiaries including SHIP Copper Company, Cape Copper Oxide and The Okiep Copper Company, offering JSE investors […]
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The first in-person listing of the Johannesburg Stock Exchange since covid heard the African kudu horn serenade an opening bid of R6.90 a share for platinum group metals (PGMs) company Southern Palladium, which on Wednesday took its place on the JSE’s main board as a secondary listing under the SDL code. It did so shortly after the JSE recounted its rousing journey from a mining tent 135 years ago to a trading pace that now averages 300 orders a second and 20 million orders a day. (Also watch attached Creamer Media video.)
The June 1 launch of the JSE’s new Cutting Red Tape initiative to make listing on the JSE considerably easier, faster and more sustainable is twinning with JSE’s recent private placements inventiveness that provides for the raising of capital in the private market for minerals exploration and the start up of new mines. JSE head of origination and deals Sam Mokorosi highlighted these two far-reaching advances at the exploration-focused 2022 Junior Indaba, which heard that the Toronto Stock Exchange has 1 600 small-cap mining companies and the Sydney Stock Exchange 600 compared the JSE’s miniscule 12.
Businesses looking to raise R1-million or more in debt or equity now have broader horizons with the launch of the JSE’s wholly owned subsidiary, JSE Private Placements, in December.