SAFEX
31 May 2016 By PDSNETFounded in 1990 and a part of the Johannesburg Securities Exchange (JSE), Safex is South Africa's licenced futures exchange under the Financial Markets Act. A future is a derivative instrument or standardised contract which requires one party to deliver and the other to take delivery of a specified commodity on or before a specific date. Safex offers both equity futures based on JSE listed blue chip shares and agricultural futures on products produced by farmers in South Africa. Futures are usually highly leveraged and only require particiapnts to invest about 10% of the assets which their contract commands. This potentially makes them highly risky. For this reason, we do not recommend that private investors get involved in the derivatives markets.
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