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
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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
YeboYethu, Vodacom South Africa’s black economic empowerment scheme created in 2008, began trading on the empowerment segment in the telecommunications sector of the JSE’s main board on Thursday. YeboYethu
The Financial Services Board said on Friday it is looking into a programming error that caused the JSE to miscalculate inflows into SA equities by R98bn. The JSE reported on Sunday that instead of foreigners
The JSE has played down an error that incorrectly represented foreign sellers of equities as net buyers of R98,1bn of local stocks. The JSE said that instead of foreigners investing a net R98,1bn in
A record run of recorded inflows into South African stocks were the result of a programming error, with foreign investors in fact selling more shares than they bought over the period, the country’s stock exchange said. Rather than spending