Country Codes

The NamCode has since become a NSX’s listing requirement, replacing the previous requirements which were in line with the JSE’s 2003 requirements and the King II report of 2004.

In the SOE sector a positive development has been the establishment of the Ministry of Public Enterprises, which is expected would help standardise and enhance corporate governance standards of SOEs. At the time of writing the report, there was still no definite clarity on the SOE CG model to be followed, which ideal is only expected to be realised during 2016.