Author Patrick Cairns

In-depth

How to value bitcoin

The sharp rise in the price of bitcoin and some other cryptocurrencies since the start of 2017 has created enormous interest in this market. Many people see it is a chance to make money, and they don’t want to miss out. However

In-depth

Can SA sustain five stock exchanges?

Last week, the Financial Services Board granted the fourth new stock exchange licence issued in the past two years. The licence was awarded to Equity Express Securities Exchange, and follows those given to ZAR X

In-depth

Reasons to worry about Naspers structure?

Earlier this month, Caxton raised questions about Naspers’s complex control structure. At a Competition Tribunal hearing it contended that an inquiry was needed to determine who directs the company’s strategy. The tribunal ultimately rejected

News

SA’s new stock exchanges in legal brawl

When ZAR X settled its first trade in February this year, it was the first stock exchange transaction in South Africa to take place outside of the JSE in more than a century. With the Financial Services Board’s appeals board having dismissed

News

Don’t get burnt in the bitcoin frenzy

If you have heard of bitcoin and ethereum, you are also likely to be aware that these cryptocurrencies have been reaching record highs. Since the start of the year, the value of a single bitcoin has risen from US$968 to a peak of over

News

Third new stock exchange licence granted

The Financial Services Board on Wednesday granted a new exchange licence with an infrastructure to clear to A2X Markets. This is the third new stock exchange licence granted by the regulator in just over

News

SA’s new stock exchange green-lighted

The Financial Services Board’s appeal board has dismissed the consolidated appeals of the JSE and 4AX against the regulator’s granting of a licence to new exchange ZAR X. The judgment, handed down on Thursday