JSE to provide financial assistance to black stock broking firms

The JSE will provide financial assistance to emerging black stock broking firms to support them in the sustainable growth of their businesses.

It recently launched an Enterprise Development programme to drive this growth and demonstrate its commitment to the transformation of South Africa’s Capital Markets.

The Money Show’s Bruce Whitfield interviewed Donna Nemer, Director of Capital Markets at the JSE.

Scroll down for quotes from the audio below.

Less than 6% of JSE members are black brokers.

Donna Nemer, Director of Capital Markets at the JSE

We use the definition of ‘black’ used by the industry as a whole.

Donna Nemer, Director of Capital Markets at the JSE

We offer cash disbursement on a quarterly basis equal to 33% of what they pay us in equity trading and membership fees.

Donna Nemer, Director of Capital Markets at the JSE

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