BUSINESS DAY TV: As A2X looks to go live on the stock exchange, ARC is a really good fit
Kevin Brady from A2X discusses African Rainbow Capital buying a 20% stake in the potential stock exchange operator BUSINESS DAY TV: African Rainbow Capital has acquired a 20% stake in planned stock exchange A2X Markets, so what does the additional muscle actually bring to the aspirant stock exchange? Kevin Brady, CEO of A2X joins us now in the News Leader studio. Kevin, so you’ve got African Rainbow Capital (ARC) getting behind you, what do they actually bring to the table? Deep pockets, empowerment credentials — is it as simple as that? KEVIN BRADY: When we started on our journey in terms of A2X and attempting to get a stock exchange licence, we always knew that we’d do an empowerment deal down the line, but to find the right partner was always going to be crucial. And while it might be a lot earlier than we had initially planned, ARC is a really good strategic fit for us. BDTV: Why? What’s the rationale here? KB: It’s really two things. One, it’s important to have BEE credentials,...
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