Can SA sustain five stock exchanges?

September 20, 2017

Moneyweb /  20 September 2017 / Patrick Cairns

 

As yet another new player enters the market.

 

Last week the Financial Services Board (FSB) granted the fourth new stock exchange licence issued in the past two years. The licence was awarded to Equity Express Securities Exchange (EESE), and follows those given to ZAR X, 4 Africa Exchange (4AX) and A2X.

 

EESE has emerged from the Equity Express business that was started a number of years ago primarily to provide a trading platform for large BEE schemes, such as Sasol Inzalo and Multichoice’s Phuthuma Nathi.

 

The licence awarded to Equity Express Securities Exchange is the fourth granted by the FSB in the last two years.