In June 2023, the Johannesburg Stock Exchange (JSE) proposed amendments to the JSE Listings Requirements including a new section which contains the listing requirements of the Black Economic Empowerment (BEE) Segment of the JSE. Among other things, these requirements include that trading in BEE securities must be restricted to a BEE-compliant person pursuant to the use of either a BEE contract or a BEE verification agent. The JSE has invited comments on the proposed amendments by 17 July 2023.
Refentse Chuene is a senior associate in Baker McKenzie's Corporate M&A Practice Group in Johannesburg. Refentse advises and assists on high value and complex public and private mergers and acquisitions, global and local restructures, Broad-Based Black Economic Empowerment (B-BBEE) transactions, private equity transactions, capital markets, data privacy matters and general corporate governance. He has represented and advised a variety of local, multinational and listed clients across various industry sectors including consumer goods & retail, energy, mining & infrastructure, private equity, education and technology.