By accessing and using the site, you are concluding a binding contract between you and JSE Limited (“JSE”). If you do not agree please cease using the site. Your continued access and use of the site constitutes your unqualified acceptance of the terms. Users who register with the site are deemed to have given their consent to the collection, use and disclosure of their personal data and to the transmission of their personal data outside the jurisdiction in which they are located.


  • “JSE” means JSE Limited, Registration Number 2005/022939/06, a public company incorporated in terms of the company laws of the Republic of South Africa;
  • "Services" means the content, products, and services offered by or accessed through the Site, including without limitation the virtual trading platform;
  • “Site" means and its affiliated sites and domains, including without limitation, domains that may be owned and operated by the JSE in the future;
  • "You" refers to any user who accesses the Site or registers as a user of the Site by providing the information required in the Site's registration form(s).


The JSE Investment Challenge Public game is a game played on a virtual trading platform. The virtual trading platform available on the Site is not linked to the JSE’s trading platform. All trading activity in the JSE Investment Challenge Public Game including, but not limited to transactions, positions and other information is virtual, fictitious and non-binding.

The amount allocated to a participant’s virtual portfolio to play the JSE Investment Challenge Public game is purely virtual. All profits and losses emanating from trading activity in the virtual portfolio will remain virtual and a participant will incur no liability but also will make no real money.

Representations and Warranties

The Site and Services are provided, are accessible, and usable on an 'as is' basis with no representation or warranty from the JSE whatsoever as to functionality, performance, results from use, quality, or fitness for purpose. You use the Site and Services at your own risk and the JSE is not responsible for nor does the JSE endorse any content provided by other users or third parties that may be available on the Site. You are solely responsible and liable for any content that you choose to post and provide via the Site or Services.


The JSE, its directors, employees, contractors, agents, consultants and suppliers assume no liability whatsoever for any direct or indirect loss or damage arising from any aspect of the Services or the Site howsoever arising.


You agree to indemnify and hold the JSE harmless from any claims brought by third parties against the JSE or due to any acts or omissions by You or by persons on your behalf.

Copyright And Trademarks

The website may contain links to third-party websites. These linked websites are not under the control of the JSE and, to the extent allowed by law, the JSE accepts no responsibility for or liability arising from access to, or the information provided on, any website which is linked from the website, or any hyperlink contained in a linked website. To the extent allowed by law, you link to any such website entirely at your own risk and liability and the JSE recommends that you read the privacy policy and any other legal information contained on any third-party website to which you link. The above wording will limit and excludes obligations, liabilities and legal responsibilities of the JSE, and also limits and excludes your rights and remedies and places various risks, liabilities, obligations and legal responsibilities on you. If you wish to establish a link to the JSE website, the link must include the JSE web address “”. The name to be used in the link is “JSE Limited”. You may not use the JSE’s logo without permission, which permission must be obtained in advance in writing from the head of the JSE’s Marketing and Business development division You may not provide a link to the JSE financial portal that allows your users to by-pass the JSE Financial Portal’s requirement for each individual visitor to register on their first visit and to login on subsequent visits. If you do, however, want to provide seamless access for your users to the information in the JSE Financial Portal then contact one of the JSE data vendors who provide this service. Should you require assistance in this process please contact the Market Data Support team at the JSE Neither this website nor any of its pages may be included in any other website. Instead, a link to the website is required at all times. You may not frame the website without the prior written consent of the JSE. The fact that the Website contains a link to or from a third party website does not necessarily imply that there is any affiliation between the JSE and the third party website, nor that the JSE or its officers or employees endorse the third party website. The linking website may not in any way imply that the JSE or any of its officers or employees recommend or endorse any of the linked site products or services. In terms of section 4(2) of the Financial Markets Act, No 19 of 2012, it is an offence to behave in a manner which suggests or implies that there is some connection between a person and an exchange where no such connection in fact exists. The JSE reserves the right to withdraw any permission granted, whether tacitly, verbally or in writing, to link to the website, at any time if it is deemed by the JSE to be in the best interest of the JSE.

Copyright and trademarks

The works of authorship contained on the Site and in the Services including, but not limited to all designs, trademarks, logos, data, text and images, whether registered or unregistered, are the intellectual property of the JSE, affiliates or third parties who have supplied information to the JSE and are protected by South African and international intellectual property laws and conventions. The JSE reserves the right to take legal action in respect of any reproduction, copying, distribution, framing, uploading to a third party, publication, adaptation, broadcast, public performance or other communication to the public of the information contained on the Site without the prior written consent of the JSE.

Use And Privacy Statements

The JSE values the comments, ideas, suggestions, feedback disclosed, submitted or offered by You on, by, or in connection with, your use of our Site and Services ("comments"), but the JSE shall not be obliged to respond to, maintain or compensate You in any way whatsoever for your comments. Once disclosed, submitted or offered, your comments shall become the property of the JSE. The JSE will thus exclusively own all such rights, title and interest in the comments and shall not be limited in any way in its use, commercial or otherwise, of any of the comments.

In using this Site and the Services, you may from time to time be requested to provide the JSE with personally identifying information ("the information"). The information will be stored in accordance with industry best practice. The JSE may use the information, provided your consent has been obtained, in the ordinary course of its business and in particular, in order to contact you from time to time regarding new developments on the Site or in relation to the Service or the JSE Investment Challenge Public game.

The information may be disclosed to third parties in circumstances where the JSE is legally compelled to do so; it is in the public interest to disclose such information; the interests of the JSE require disclosure; disclosure is made at your request or upon your written consent.

Applicable Law

This Site and Services are created, hosted, maintained and controlled in the Republic of South Africa and as such the laws of the Republic of South Africa and the jurisdiction of the South African courts govern the terms of use and any legal matter resulting from the use or inability to use this Site or the Services, without giving effect to any principle of conflict of laws. The JSE reserves the right to make changes to the Site or Services at any time and you should periodically refer to them in this document and elsewhere on the Site.

Suspension / Termination

The JSE reserves the right to suspend or terminate your access to the Site or Services in the event that the JSE suspects or knows of your misuse of the Site or Services, which decision in all cases, shall be subject to the JSE’s sole discretion.