JSE Investor Services (JIS), a wholly owned subsidiary of the Johannesburg Stock Exchange (JSE), has recorded giant strides just 12 months after the bourse decided to incorporate it as part of its inorganic growth diversification strategy.
“The corporate market has responded positively to JIS’s holistic transfer secretary business offering,” says JSE Head: Issuer Services and Key Clients, Ursula Du Plooy.
“JIS has acquired several clients in the past year and successfully rolled out ShareHub, the business’s centralised shareholder communication and filing platform as a primary communication tool with shareholders. ShareHub is also a vehicle to educate shareholders, as there are numerous training modules available on the platform to empower them to grow their wealth. The JIS team is engaging with more corporates who are interested in our services,” she adds.
JIS, with more than 2.5 million shareholder records under management, is a specialist end-to-end keeper and manager of shareholder registry and communication. The service officering comprises shareholder register maintenance, corporate actions, shareholder analytics, managing employee and Black Economic Empowerment (BEE) share schemes, as well as training and education in trust, financial management and BEE schemes functions.
Furthermore, what makes JIS stand out is that JIS has put innovative products and services in place in response to Issuers requests.
For trust, financial management and BEE schemes training, JIS has entered into an agreement with William Radcliffe, a Black-owned specialist firm.
According to Du Plooy, there are considerable opportunities for BEE verification services, administration of employee share option and BEE share schemes. This is made possible through the recent acquisition of a portion of the share plan services business along with 90 clients, and the licensing of Investec Share Plan Services Proprietary Limited’s share plan services administration platform. With the acquisition, JIS is now the largest share plans business in the South African market.
“JIS has experienced and dedicated employees who are committed to meeting the Issuers’ needs and providing added value. The business is ready to serve the many corporates who want to enhance relationships with their shareholders,” Du Plooy explains.
Du Plooy believes that JIS is firmly positioned to provide value for its clients, particularly in the private market for share register maintenance as well as new employee and BEE share schemes.