The JSE has sustained a sharply higher rate of software investment into 2026 as it works towards a pan-African digital marketplace by 2031. Total capital expenditure rose more than fourfold to R110-million from R27-million, with full-year guidance maintained at R190-million to R230-million. In November 2020, the exchange announced a transaction with UK fintech Globacap Technology to progress a digital private placements platform and registry services. JSE Private Placement fees for the six months to June were R50 000, against R66 000 a year earlier and R327 000 for the whole of 2025. The interim results do not draw a link between that investment and the digital marketplace now planned for 2031.