Tamela Holdings Proprietary Limited (“Tamela”), founded in 2008, is a financial services group with activities in corporate finance, fund management and principal investments. We thank all our clients who have supported us over the past 15 years.

Understanding the JSE Listings Requirements and related regulations is a key building block of corporate activity for listed entities and those that interact with such companies. Transactions are often delayed by unanticipated regulatory hurdles.

It pleases us to present this fifth edition of the Tamela JSE Listings Requirements and Related Regulatory Guideline and Notes (“Tamela JSE Guide”). This edition is based on JSE Listings Requirements Issue 30 and Bulletin 1 of 2023, Covid-19 Guidelines as issued by the JSE in 2020 and 2021 and proposed amendments which have been circulated for comment but not promulgated (which are bracketed, italicised and underlined for ease of reference) and is intended to be a supporting and quick reference tool for market participants, company executives and corporate finance practitioners. However, it is not a substitute for the entire JSE Listings Requirements as published by Lexis Nexis South Africa. The Tamela JSE Guide summarises the most important aspects of the JSE Listings Requirements and related regulations applicable to equity issuers.

We hope that the Tamela JSE Guide will be a useful tool in understanding the regulatory regime for listed companies and anyone considering a listing on the JSE. In a climate of ever increasing regulatory amendments, we hope this Tamela JSE Guide will assist executives navigate the regulatory landscape.

We would welcome any feedback (jseguide@tamela.co.za) on improvements we can make in subsequent editions of the Tamela JSE Guide. The Tamela JSE Guide is also available online (www.tamela.co.za) or through the QR Code below. We thank KAR Presentations for the collaboration on the content of this publication and our publishing partner, Bastion.

Yours faithfully

Tamela Corporate Finance team

Contacts

Tamela is an authorised financial services provider, FSP 42038 and a JSE sponsor

About Tamela

Tamela, founded in 2008, is a leading black-owned and managed corporate finance advisory and JSE equity sponsor company. Tamela has built a niche corporate finance advisory capability over the last 15 years with transactions that have ranged from R100 million to over R20 billion. Tamela’s advisory activities include providing corporate finance advice to selected clients on Listings, Rights Issues, Balance sheet restructuring, Debt Capital Markets (“DCM”), Equity Capital Markets (“ECM”), Black economic empowerment, M&A transactions and JSE equity sponsor services.