JSE Listing Requirements

Figures current at 29 September 2026. Source: TradeAnswers.

Entry requirements
RequirementMain BoardAltX
Subscribed capitalR50 millionR2 million
Profit historyThree yearsNone required
Audited profitR15 million before taxNone required
Shares in public hands20%10%
Number of shareholders500100
Designated advisorSponsorDesignated advisor, ongoing
Ongoing obligations
ObligationFrequency
Interim resultsWithin three months of the half year
Annual resultsWithin three months of year end
Annual reportWithin four months of year end
Price sensitive informationImmediately, through SENS
Director dealingsWithin 48 hours
Annual general meetingWithin fifteen months of the last one
What each board means for an investor
BoardTypical companyWhat to watch
Main BoardEstablished, profitableLiquidity is generally adequate
AltXSmaller and earlier stageThin trading and wide spreads
Secondary listingForeign primary listingPrice follows the primary market
Inward listingForeign company, rand denominatedCounted as domestic for Regulation 28

Data maintained by TradeAnswers · updated as the figures change