n Without Prejudice - Once BEE empowered, always empowered : financial law




In February of this year, the JSE introduced a new facility on its main board, the BEE Segment. This facility enables companies which already have listings on the JSE to list a new class of shares with identical rights to the shares already listed, but which may only be traded by BEE certified individuals or entities. These shares are referred to as BEE securities, and can be traded on the JSE in the same manner as ordinary listed shares, except that only BEE compliant persons may acquire them.


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