Browsing: Etienne Nel

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