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