The relatively new South African stock exchange ZAR X has launched what it’s calling the country’s first distributed settlement system for unit trusts.
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The Public Investment Corp, which invests pension money on behalf of government workers, has acquired a 25% stake in new South African stock exchange ZAR X for an undisclosed sum. The PIC, which has assets
South Africa’s first alternative exchange, ZAR X, made its debut on Monday with the listing of agribusiness Senwes and its holding company Senwes Beleggings (Senwesbel), which marked the disruption of a more than 50-year long monopoly
Hoping to rival the JSE, newly licensed ZAR X will launch on 1 September with real-time settlement, it said on Wednesday. The announcement comes just days after the
It’s official. The Johannesburg Stock Exchange is no longer the only game in town. ZAR X announced on Wednesday that the Financial Services Board has granted it a stock exchange licence that enables the company to operate as such, providing a
The Financial Services Board (FSB) has invited public comment on an application by a company called ZAR X for an exchange licence. The JSE is currently the only licensed exchange in the country and