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
Author: Patrick Cairns
Newly licensed stock exchange ZAR X has approached the Competition Commission to investigate whether the JSE’s appeal against its licence amounts to anticompetitive behaviour. The Financial Services Board granted ZAR X a licence
The world has been through three recognised industrial revolutions. The first came with the invention of steam power in the mid 1700s. The second, around 100 years later, harnessed electrical power for mass production. The third, another 100 years after that
Speaking after the JSE released interim results on Friday afternoon, CEO Nicky Newton-King said that the exchange is not opposed to new market entrants. This follows claims by potential new rival ZAR
Although the rise of China as an economic power has been substantial, it is sometimes worthwhile to be reminded of just how the US still dominates the world economy. While China may be catching up in GDP terms, it is still a long way behind
In 2015, the total value of e-commerce in China was US$603bn. Of that, $485bn, or 80%, went through Alibaba. The scale of the company’s dominance in the country is quite staggering, and speaking at the Consumer Goods
More than two thirds of South African organisations say that they have been victims of economic crime in the past 24 months. This is according to PwC’s Global Economic Crime survey. Economic crimes include misappropriation of assets, procurement fraud
There can be little argument that over the last 10 years, Naspers has been one of the best investments in the world. The share price has seemed to be on an unstoppable growth trajectory as it has
After two weeks of uncertainty in which its share price fell by 17,5%, MTN finally provided some clarity to shareholders on Monday. The announcement that CEO Sifiso Dabengwa had resigned with immediate effect led to the first substantial engagement with the market since the operator was issued
In a rather bizarre non-event, trading in MTN shares was suspended for a little over two hours on the JSE on Monday, pending an announcement from the company. Trading however resumed in the