FTSE Co-Develops South Africa Indices

May 3, 2001 (PLANSPONSOR.com) - The Johannesburg Stock Exchange (JSE) will partner with FTSE to develop a new index series called the FTSE/JSE Africa Series for investors in Southern African securities.

FTSE and the JSE will begin updating the existing JSE equity and derivative indices to bring them up to international investment standards and introduce new investor benefits including:

  • the implementation of free float, total return indices
  • the FTSE Global Classification System
  • an expanded range of benchmark and tradable index products.

The updated indices will become part of the new index family.  FTSE will calculate the FTSE/JSE Africa series on behalf of the JSE.  The review process is scheduled for completion by year end.

The JSE is the only licensed stock exchange in South Africa and has a market capitalization of R1,534.3 billion.