Africa’s largest stock exchange, The Johannesburg Stock Exchange (JSE) will donate fees derived from all asset classes traded over two days in mid-April to the country’s COVID-19 Solidarity Fund. President Cyril Ramaphosa announced the Solidarity Fund on March 23, established to combat COVID-19 and cushion the impact of the virus on the most vulnerable members of society.
Leila Fourie, CEO of JSE Group announced the launch of #Trade4Solidarity campaign. She said the JSE staff and the executive team felt this was a tangible way to answer the president’s call to #PlayYourPart. “We all have to do our bit; we have to support each other so we can ensure those job losses are kept to a minimum and that salaries are paid at the end of the month, ” said Fourie. #Trade4Solidarity campaign encourages market participants to join the JSE by contributing a portion of their trading revenues to the fund.
Fourie and Gloria Serobe, Solidary Fund chairperson will host the JSE’s first virtual market opening as the market begins to #Trade4Solidarity on Wednesday, April 15. “ #Trade4solidarity allows us to make our own contribution to what is the greatest public health crisis this world has witnessed in recent history,” said Valdene Reddy, Capital Markets Director.
Fourie also announced that the JSE would continue to support its suppliers, service providers and contractors during the lockdown, and would not suspend contractor services at this critical time. She encouraged everyone in the trading community to join the call and support the Solidarity Fund.
