JSE buys share-register business
Bourse agrees to buy 74.9% of Link Market Services SA, whose clients include six top-40 companies
The JSE, which is contending with weak trading volumes as foreigners look to other markets, has bought a local share-register business as part of a plan to strengthen its relationships with listed firms.
SA’s main bourse said it has agreed to buy 74.9% of Link Market Services SA, the country’s second-largest share-register business whose clients include six top-40 companies. It will pay R224.5m using cash reserves...