Murray & Roberts and Aveng have been taken off the JSE's top 40 index of blue chip companies, the exchange said on Thursday.
It said in a statement on Thursday that Growthpoint and Pick ‘n Pay would now be included in the index, replacing Murray & Roberts and Aveng.
"The main benefit to a company to being included in the FTSE/JSE Top 40 Index is that inclusion increases visibility of the company to investors and also attracts large investments through funds that track the index," the JSE said.
The index contained the largest 40 stocks by market capitalization listed on the JSE.
Not all listed companies automatically made it into an index, as they had to comply with the indices' rules which set qualification criteria for inclusion.
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