Source: Africa Publicity
The Johannesburg Stock Exchange (JSE) has taken a significant step towards democratizing access to investing, launching on the Standard Bank-powered Shyft app. This move enables ordinary South Africans to invest in shares of top companies like Capitec, Sasol, and Anglo Ashanti without the need for an equities dealer or fund manager.
According to the JSE, this initiative aims to improve financial literacy, reduce trading fees, and highlight the potential of one of the best-performing markets over the past 18 months.
Valdene Reddy of the JSE emphasized the importance of making investing more accessible, stating, “The world is globally connected, and you can see that South Africans want to become… putting building blocks to increase their wealth, to create better opportunities for themselves.”
Reddy noted that South Africans have shown interest in investing, as evident in the growth of digital currencies and crypto. She believes that the JSE’s launch on the Shyft app will make investing easier and more accessible, saying, “And so now South Africans can have access easily. They’ve had so through other apps, but maybe the ease and awareness weren’t as easy.”
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