JSE Securities Exchange, South Africas only licensed stock exchange, reached an agreement with FTSE to provide internationally accepted index products for the South African and African markets. The firms will develop a significantly enhanced and expanded index series to be named the FTSE/JSE Africa Series.
All existing JSE equity and derivative indexes will be reviewed and brought in line with international investment standards. This will include implementing free-float, total-return indexes, the FTSE Global Classification System, and an expanded range of benchmark and tradable index products. The review process should be done by year-end.