Google and Microsoft now on the JSE
Hidden away at the tip of Africa we haven’t always had the opportunity to participate on a equity level with some of the worlds biggest companies. The (Johannesburg Stock Exchange) JSE as one of the worlds largest futures exchanges however allows us to participate not only in single stock futures of our own companies but also many international companies.
The latest addition to this growing list are global IT heavyweights Microsoft (NASDAQ) and Google (NASDAQ and LSE). They join one of our other favourites Apple as some of the world major technology companies South Africans can now have exposure to.
One exciting aspect of derivatives such as Single Stock Futures (SSF) is that purchasing them doesn’t effect your R 2 Million offshore allowance. Despite being an international derivative you can purchase them through your broker in the same way you would purchase any other derivative or stock. Be warned though these are leveraged instruments so expect big gains and or losses.
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