What is JEF?
JEF is the JSE Empowerment Fund that was established by the JSE as part of the Broad-based BEE Initiative on listing. JEF provides financial assistance for education initiatives targeted specifically at bringing black people into the financial services sector. The trust’s assets will be used for the benefit of black people only and it will have a broad base of beneficiaries. JEF is controlled by black trustees and will, as far as the JSE has been able to determine, qualify as a black shareholder of the JSE under the Financial Sector Charter and the dti Codes of Good Practice.
