Real Estate Investor Magazine South Africa October 2016 | Page 47

establish the various scenarios to optimize potential structures relating to listing your company. The Second phase, strategy workshops, aims to discuss financing and operational structuring, based on the Phase 1 findings. Through workshops, the advisor is able, together with the client, to set out a path that the company needs to take to achieve its desired corporate objectives. The Third phase, conclusions outlined in the previous phases are set out in the listing business plan, which has to conform to a specific format to include an outline of research, a valuation and key aspects to your competitive edge, a share price valuation and the expected capital requirements. The Final phase is the listing itself. This constitutes the submission of the business plan to the Sponsor or Designated Advisor (members of the JSE) to formally www.reimag.co.za start the listing process. They, in conjunction with the corporate advisor will submit the business plan to the JSE initially and ultimately to the JSE’s Alternative Exchange (AltX) – depending which exchange you wish to list on. The following then happens: you present to the JSE/ AltX, a prospectus is drafted, a road show to place shares is organised with retail brokers and institutions and your financials must be finalised by an IFRS (International Financial Reporting Standards) compliant and JSE approved accounting house. On the day of listing, your shares go “live” and your personal wealth and your company’s shares have a market value. While the roadmap to listing is a complex one, it is not an impossible task. Find someone to guide you through these complexities and the process becomes a guided one. RESOURCES www.bci.za.com OCTOBER 2016 SA Real Estate Investor 45