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This study investigated the investor relations activities on the Internet of companies that are listed on the Johannesburg Securities Exchange (JSE). For this purpose, the home pages of the JSE Top 40 companies were searched and screened for investor relations items. A three‐stage model was used. The results of the study indicate that companies use more advanced features of the Internet for investor relations in comparison with previous studies undertaken in other countries. Most companies in SA appear to be in the second stage of Internet investor relations. The leading companies in SA are ready to enter the third stage of Internet investor relations.

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