JSE announces three big changes for listed companies

• JSE-listed companies will no longer be required to disclose diluted headline earnings per share (HEPS) figures in any of their financial reporting.
• The changes are driven by the upcoming introduction of IFRS 18 in January 2027, which bans per-share figures from annual financial statements unless classified as Management Performance Measures.
• The JSE's simplification project aims to reduce administrative and financial burdens on listed companies, with a goal of cutting red tape and lowering compliance costs.