The JSE is likely to remain SA’s dominant equity and debt market in terms of size and liquidity for the foreseeable future even as the country’s newest exchanges are making steady progress in attracting new listings in their bid to create viable alternatives to Africa’s largest bourse.

Since 2016, at least three major new stock exchanges have come to market, including the Cape Town Stock Exchange, previously called 4AX, secondary listings specialist A2X and ZAR X...

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