/ 21 July 1999

JSE BUILDING SOLD SHORT

THE building housing the Johannesburg Stock Exchange (JSE) has been sold, a spokesman said on Monday, paving the way for the exchange’s planned move to Sandton to escape rampant inner-city crime. JSE chairman Norman Lowenthal said the building in Diagonal Street in downtown Johannesburg has been sold to an orthodontist for a “bargain” price of R20-million. The JSE first announced in October that it planned to move to the wealthy suburb of Sandton in August 2000, citing crime and urban decay as reasons for the step.