Strate enables seamless JSE inward listing for Shuka Minerals

UK-based Shuka Minerals PLC joined the Johannesburg Stock Exchange on 21 May 2025, leveraging Strate’s direct central securities depository services for an efficient, end-to-end listing experience.

Shuka Minerals, a copper and silver explorer focused on Tanzania, will benefit from Strate’s full suite of services:

• Register services
• Settlement processing
• Corporate actions
• Automated cross-border removals

As South Africa’s principal central securities depository, Strate enables issuers to directly access local and global markets, simplifying administration and reducing costs.

Efficient automated removals process

Shuka Minerals will benefit from Strate’s automated CSD-to-CSD removals model, which enables:

• Straight-through processing with T+0 settlement
• Instant finality: Removal instructions settle within minutes
• Global best practice via our direct link to Euroclear

This marks the first mining company to use Strate’s direct CSD-to-CSD removals model—demonstrating our commitment to speeding up cross-border listings and boosting market efficiency.

“We’re proud to support Shuka Minerals as they list on the JSE, representing the kind of growth-oriented junior mining firm that exemplifies Africa’s resource potential,” says Gregory Naicker, Head of CSD Services at Strate. “By providing our complete service suite without intermediaries, we’re helping to strengthen South Africa as a capital-raising hub for Africa’s mining sector, offering junior miners access to deep, liquid markets and a sophisticated investor base.”

Through our partnership with Euroclear Bank, issuers enjoy:

• Seamless equity transfers between South Africa and foreign markets
• Improved liquidity and investor confidence
• Alignment with global standards for risk mitigation
• Optimised arbitrage opportunities

Shuka Minerals will benefit from Strate’s established infrastructure that supports dual-listed issuers looking for efficient, cost-effective and streamlined ways to operate across borders.

To find out how Strate can assist with your inward or dual-listed offering, contact CSD-Services@strate.co.za.