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
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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
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
The recent announcement of the imminent opening of a rival stock exchange to the Johannesburg Stock Exchange caused considerable media excitement. It is indeed a historic development in South Africa’s economic history and is to
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