AltX is an alternative public

equity exchange Equity may refer to: Finance, accounting and ownership * Equity (finance), ownership of assets that have liabilities attached to them ** Stock, equity based on original contributions of cash or other value to a business ** Home equity, the diff ...

for small and medium-sized companies in

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring count ...

operated in parallel with and wholly owned by the

JSE Securities Exchange JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 200 ...

. As of July 2008 the shares of just over 80 companies listed on AltX had a combined value of over R30-billion.

History

The exchange launched in October 2003 as a nursery for the JSE main board, replacing the failed venture capital and development capital boards established as sub-sets of the main board in the 1980s. It was intended to encourage entrepreneurship, especially among South Africa's emerging black middle class. Beige Holdings Limited and Insurance Outsourcing Managers' Holding Limited were the first companies to list, in January 2004. Sapa via SABCnews.com

History

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External links