Business

Market shakeout

Two new exchanges are challenging the JSE’s monopoly.

17 April 2019

For the better part of a century, the JSE ruled the corporate seas. This was the default venue for any company seeking capital to grow. A JSE listing was – and still is – a badge of corporate achievement. To get there, you must surmount an Everest of legalistic and regulatory tick boxes. The prize is public visibility and a ready market for your shares.

If the JSE built the best mousetrap out there, why would two new exchanges come along to steal its cheese? But that’s exactly what A2X and ZAR X are doing.

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