From Investors Monthly
Life beyond the JSE
We’ll see in 2018 whether alternative exchanges are viable, writes Johann Barnard
It seems that hardly a day goes by without an announcement of a new listing or another broker joining any one of SA’s four operational stock exchanges. Twelve short months ago, there was one. And by this time next year we might see the recently approved Equity Express Securities Exchange (EESE) already operational. There has been a long run-up for them to gain regulatory approval — and in the case of ZAR X, legal challenges by the JSE — so their presence in the market is hardly surprising. But 2018 will be the first extended glimpse into what they offer investors and whether these are viable ventures. ZAR X went live in February this year, followed in September by 4 Africa Exchange (4AX) and a month later A2X Markets. They are dwarfed by the 100-year-old-plus JSE, but they offer a compelling alternative for companies looking for specific or merely alternative sources of capital. And if companies, their sponsors and stockbrokers see an opportunity in these new exchanges, then surely ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.