Company is 18th to list on JSE in 2017

SANDOWN Capital yesterday became the 18th company to list on the JSE this year. The investment holding company listed in the equity investment instruments sector on the main board of the exchange. Sandown brings the total number of companies in the equity investment instruments sector to 10. The sector has a total market capitalisation of nearly R67 billion and it contributes 0.4 percent to the JSE’s overall market capitalisation of R16.25 trillion. The director: capital markets at the JSE, Donna Nemer, welcomed Sandown to the exchange, saying: “The JSE is proud to enable companies to unlock further value for their shareholders through providing a credible and highly liquid listing venue with globally recognised regulation. The JSE continues to support the growth and further development of the South African financial markets and investment industry.” The exchange – one of the top 20 in the world in terms of market capitalisation and a member of the World Federation of Exchanges – holds the chairpersonship of the Association of Futures Markets. It has operated as a marketplace for the trading of financial products for at least 130 years. Sandown said it aimed to create long-term value for shareholders through targeting selected investment opportunities. The company was a wholly owned subsidiary of Peregrine Holdings prior to the unbundling and its investment portfolio includes hedge funds, direct property and listed property units, as well as a funding stake in a South African corporate through a black economic empowerment vehicle. – Sizwe Dlamini