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The Johannesburg Stock Exchange said there are unclaimed dividends worth R4.5 billion that are due to South African investors.
Now, the JSE has launched a nationwide initiative aimed at educating potential claimants about investing.
In 2022, there was nearly R88.6 billion rand unclaimed assets across the financial sector, according to .
The JSE's director of marketing and corporate affairs, Vuyo Lee, noted that there were various factors leading to unclaimed dividends.
These range from old banking records, deceased shareholders, people changing addresses and not being able to receive correspondence, or moving jobs without enquiring about dividends from employee share schemes.
"Furthermore, we've got ten companies that have currently joined us on this initiative, and about 12 more that are coming," Lee said.
"They are urging former employees, shareholders or beneficiaries of estates that hold shares from these companies to engage with this educational campaign and take the necessary steps to claim their rightful dividends.
"Returning R4.5 billion worth of unclaimed dividends back to South African investors can make a profound economic impact on the everyday lives of people," Lee said.
She added that the public can also visit the JSE website or its social media pages for more information.
