TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentralTechCentral
    NEWSLETTER
    • News

      Fixing SA’s power crisis is not complex: it simply takes the will to do better

      12 August 2022

      Consortium makes unsolicited bid for state’s 40% stake in Telkom

      12 August 2022

      Actually, solar users should pay more to access the grid – here’s why

      12 August 2022

      Telkom says MTN talks remain on track

      12 August 2022

      Analysis | Rain muddies the waters with approach to Telkom

      11 August 2022
    • World

      Tencent woes mount, even after $560-billion selloff

      12 August 2022

      Huawei just booked its first sales rise since US blacklisting

      12 August 2022

      Apple remains upbeat about iPhone sales even as Android world suffers

      12 August 2022

      Ether at two-month high as upgrade to blockchain passes major test

      12 August 2022

      Gaming industry’s fortunes fade as pandemic ends

      11 August 2022
    • In-depth

      African unicorn Flutterwave battles fires on multiple fronts

      11 August 2022

      The length of Earth’s days has been increasing – and no one knows why

      7 August 2022

      As Facebook fades, the Mad Men of advertising stage a comeback

      2 August 2022

      Crypto breaks the rules. That’s the point

      27 July 2022

      E-mail scams are getting chillingly personal

      17 July 2022
    • Podcasts

      Qush on infosec: why prevention is always better than cure

      11 August 2022

      e4’s Adri Führi on encouraging more women into tech careers

      10 August 2022

      How South Africa can woo more women into tech

      4 August 2022

      Book and check-in via WhatsApp? FlySafair is on it

      28 July 2022

      Interview: Why Dell’s next-gen PowerEdge servers change the game

      28 July 2022
    • Opinion

      No reason South Africa should have a shortage of electricity: Ramaphosa

      11 July 2022

      Ntshavheni’s bias against the private sector

      8 July 2022

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»Sections»Investment»Motsepe-backed A2X expects 2023 breakeven

    Motsepe-backed A2X expects 2023 breakeven

    Investment By Loni Prinsloo13 October 2021
    Facebook Twitter LinkedIn WhatsApp Telegram Email
    Vodacom, MTN, Telkom and Blue Label Telecoms since the beginning of the year, based to 100. Images: Google Finance

    Four-year-old South African stock exchange A2X, backed by billionaire Patrice Motsepe’s African Rainbow Capital Investments, expects to break even by 2023 as trading in the secondary listings it offers takes off.

    The value of stocks and funds on the Johannesburg-based platform more than doubled to R5-trillion in the past 12 months, with Prosus and Investec among the latest to complete secondary listings on A2X. September’s record trading levels were five times the all-time high set in August, CEO Kevin Brady said in an interview.

    “We have two brokers that are already trading seamlessly across markets, impacting activity levels and trading for asset managers,” said Brady. “Most of the asset managers in South Africa are now starting to get executions on A2X, including Ninety One, Allan Gray, the Public Investment Corporation and others.”

    Most of the asset managers in South Africa are now starting to get executions on A2X

    Upstart challengers are seeking to chip away at the dominance the JSE holds over equities trading, offering fees about 50% lower while touting their use of the latest technology. The Cape Town Stock Exchange began operations at the start of this month, while A2X now offers 56 securities.

    The main Johannesburg bourse still has a strong lead over its would-be rivals, with A2X’s market share of trading in Prosus stock reaching 5% last month, for example. And not all new players are flourishing: In August, regulators suspended ZAR X’s exchange licence for not meeting liquidity and capital adequacy requirements.

    Brady said A2X’s licensing conditions have been broadened to also include secondary listings from other alternative exchanges in South Africa, not just the JSE, plus inward listings from offshore exchanges. TWK Agri, the first company to trade on the Cape Town bourse, plans a secondary listing on A2X by year-end, he said. It will consider primary listings in future, according to Brady, who described Motsepe’s African Rainbow Capital as “a key shareholder”.  — (c) 2021 Bloomberg LP

    A2X Cape Town Stock Exchange JSE Kevin Brady Patrice Motsepe Prosus
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleDell Technologies makes a big push into 5G
    Next Article Twitter gets serious about making money

    Related Posts

    Fixing SA’s power crisis is not complex: it simply takes the will to do better

    12 August 2022

    Consortium makes unsolicited bid for state’s 40% stake in Telkom

    12 August 2022

    Actually, solar users should pay more to access the grid – here’s why

    12 August 2022
    Add A Comment

    Comments are closed.

    Promoted

    Get your brand in front of TechCentral’s amazing audience

    12 August 2022

    Pricing Beyond CMYK: printers answer the FAQs

    11 August 2022

    How secure is your cloud?

    10 August 2022
    Opinion

    No reason South Africa should have a shortage of electricity: Ramaphosa

    11 July 2022

    Ntshavheni’s bias against the private sector

    8 July 2022

    South Africa can no longer rely on Eskom alone

    4 July 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.