How the JSE protects investors (#444)

Simon Shares

• Revego* (JSE code: RVG) was supposed to list today but has delayed their listing. I applied for allocation as I like the business model of renewable energy with guaranteed inflation-linked off-take agreements. They invest into operational renewable asset and are targeting a 8%-10% dividend yield, based off the 1000c listing price.

* I hold ungeared positions.

• Total world ETF from CoreShares
• Cache This: Gadget insurance

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JSE protections

With the Revego listing delayed the money I put into the book build last Thursday has not been seen since. The company was supposed to issue a SENS on Monday and list on Thursday, but we heard nothing until Thursday morning. It has been delayed by a few days.

What struck me was that I was not worried about the chunk of money that I had put into the book build and which I have not see or heard from in a week now. The reason for my lack of concern is the protections the JSE exchange offers.

• Extra regulation around the companies act.
• Stockbroker regulations.
• Investor fund.
• FSP insurance.

This of course does not stop crookery from executive teams nor does it stop businesses from going bust.

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