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A2X started competing against the JSE on Friday morning, with three JSE-listed companies using it as a secondary exchange and four stockbrokers offering these shares to their clients.
The three initial counters trading on A2X include those of one of its shareholders, African Rainbow Capital Investments.
"Even though we are shareholders in A2X, we understand the value that a secondary listing brings to our company and we believe in free-market principles that allow companies to grow and flourish," African Rainbow Capital Investments joint-CEO Johan van der Merwe said.
The other two are Peregrine Holdings — whose stockbroking division Peregrine Securities is among the four initial brokers supporting A2X — and Coronation Fund Managers.
"As an active player in the South African equity market as both an issuer and fund manager, we appreciate the impact that A2X is likely to have on South African markets. For this reason, we felt that Coronation needed to be part of the evolution," Corona...
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