Would-Be JSE Rival Hunts Big-Fish Listings in South Africa
- Sanlam is biggest company to join seven-month-old A2X
- Fledgling bourse offers lower brokerage costs, latest systems
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Since it started operating in October, the biggest breakthrough for South Africa’s A2X Markets for secondary listings came on a Monday in April.
That was when shares in Sanlam Ltd., the largest South African-based insurer, began trading on the fledgling bourse, adding to the 166 billion rand ($13 billion) company’s primary listing on the Johannesburg Stock Exchange run by JSE Ltd. A2X Chief Executive Officer Kevin Brady is hoping more big fish will follow.