On 22 May 2017, the Johannesburg Stock Exchange
("JSE") announced that it has made
amendments to the JSE Listings Requirements in relation to the
adoption of the King IV Report on Corporate Governance and other
governance arrangements, including a race diversity policy and the
publication of a compliance report pursuant to the Broad-Based
Black Economic Empowerment ("B-BBEE")
Amendment Act, 2013. It has also circulated a letter confirming the
implementation dates of certain amendments, notwithstanding an
effective date of 19 June 2017.
Although the JSE encourages early implementation, the
implementation dates for the amendments are as follows:
Under the amended Listings Requirements, the specific corporate
governance requirements that issuers are obliged to implement are
expressly stated to be mandatory. In respect of other King IV
practices, issuers are, as before:
