Vodacom Group has agreed to a secondary listing on the A2X stock exchange.
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Reunert, one of South Africa’s longest-lived companies, will begin trading on the A2X next week.
South Africa’s main stock exchange will probably continue haemorrhaging listings, the CEO of A2X said in an interview.
Four-year-old South African stock exchange A2X expects to break even by 2023 as trading in the secondary listings it offers takes off.
The latest South African stock exchange opened on Thursday pledging to lure firms from across Africa with listing costs that are a third of that charged by the JSE.
JSE-listed IT services group EOH Holdings plans a secondary listing on A2X Markets, with its shares to available to trade from Friday, 13 August.
Naspers will start trading on South Africa’s A2X Markets for secondary listings next week, the greatest prize yet for the upstart bourse as it seeks to challenge the JSE.
In a major coup for stock exchange upstart A2X Markets, Naspers plans to list on the new South African bourse.
Standard Bank and AVI have announced they will list on new South African stock exchange A2X.
Since it started operating in October, the biggest breakthrough for South Africa’s A2X Markets for secondary listings came on a Monday in April. That was when shares in Sanlam, the largest South African-based