At the rate foreign investors are deserting South African stocks, the country’s main index should be in decline. It’s not, thanks largely to two shares that draw their strength from Hong Kong and Zurich. The JSE’s benchmark is up 0.6%
Browsing: JSE
The Financial Services Board on Wednesday granted a new exchange licence with an infrastructure to clear to A2X Markets. This is the third new stock exchange licence granted by the regulator in just over
South Africa’s new stock exchange, ZAR X, listed its first companies on Monday, with Senwes and parent Senwesbel the first to join the bourse. It’s the first rival to the incumbent, the JSE, in decades. The new stock market, which is entirely electronic
In this episode, Duncan McLeod chats to Jim Brent, the chief technology officer of South Africa’s new stock exchange, ZAR X. Brent tells McLeod about how technology and telecommunications – particularly the proliferation of
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
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
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
With SABMiller out of the JSE Top 40, Naspers now accounts for roughly a fifth of the index – a risk for anyone tethering their savings to the index. Naspers trades on a price-earnings multiple of about 100, which is perilously close to
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
The share price of Vodacom’s black economic empowerment scheme YeboYethu was down by nearly 5% on Thursday – with the telecommunication giant’s scheme marking its first day of trade on the JSE