AltX is an alternative public equity exchange for small and medium-sized companies in South Africa operated in parallel with and wholly owned by the JSE Securities Exchange. As of July 2008 the shares of just over 80 companies listed on AltX had a combined value of over R30-billion. [1]
The exchange launched in October 2003 [2] 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. [3] It was intended to encourage entrepreneurship, especially among South Africa's emerging black middle class. [4]
Beige Holdings Limited and Insurance Outsourcing Managers' Holding Limited were the first companies to list, in January 2004. [5]
JSE Limited is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 the JSE had an estimated 473 listed companies and a market capitalisation of US$182.6 billion, as well as an average monthly traded value of US$6.399 billion. As of March 2022, the market capitalisation of the JSE was at US$2.35 trillion.
AngloGold Ashanti Limited is an independent and global gold mining company with a diverse portfolio of cooperation, projects, and exploration activities, formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation. As of 2022, it was a global gold producer with 21 operations on four continents, listed on the New York, Johannesburg, Accra, London and Australian stock exchanges, as well as the Paris and Brussels bourses, and left the Johannesburg exchange in 2023. As of May 2023, it was the world’s fourth-largest gold miner, with assets in Ghana, Australia, the US, and Argentina.
Old Mutual Limited is a pan-African investment, savings, insurance, and banking group. It is listed on the Johannesburg Stock Exchange, the Zimbabwe Stock Exchange, the Namibian Stock Exchange and the Botswana Stock Exchange. It was founded in South Africa by John Fairbairn in 1845 and was demutualised and listed on the London Stock Exchange and other stock exchanges in 1999. It introduced a new strategy, called 'managed separation', that entailed the separation of its four businesses – Old Mutual Emerging Markets, Nedbank, UK-based Old Mutual Wealth and Boston-based Old Mutual Asset Management (OMAM) – into standalone entities in 2018. This led to the demerger of Quilter plc and the unbundling of its shareholding in Nedbank. The business, which is now largely based in South Africa, provides sponsorship and supports bursaries at South African universities.
Absa Group Limited, commonly known simply as Absa and formerly the Amalgamated Banks of South Africa (ABSA) until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange. It offers personal and business banking, credit cards, corporate and investment banking, wealth and investment management and bank assurances.
AECI Limited is a South African chemicals group and is listed on the JSE Securities Exchange.
Clover Industries Limited is a branded foods and beverages group that used to be listed on the main board of the Johannesburg Stock Exchange. The company was delisted after a takeover by Milco, led by the Central Bottling Company from Israel.
The Investment Analyst's Society of Southern Africa is the liaison body for the financial analyst profession in South Africa. It is based in Johannesburg South Africa, with members from Cape Town, Durban and throughout the region.
Investec is an Anglo-South African international banking and wealth management group. It provides a range of financial products and services to a client base in Europe, Southern Africa, and Asia-Pacific.
The Bond Exchange of South Africa (BESA) was a South African bond exchange based in Johannesburg. It was acquired by the JSE Limited in 2009, and rebranded as the JSE Debt Market. The entity, now through the JSE Limited, operates and regulates the debt securities and interest rate derivatives markets in South Africa. Prior to its acquisition it was constituted as a public company.
The Brenthurst Initiative was a 2003 policy paper on Black Economic Empowerment in South Africa by Jonathan and Nicky Oppenheimer that called for tax incentives to encourage economic growth and black wealth creation.
STANLIB is a South African asset manager based in Melrose Arch, Johannesburg which is a wholly owned subsidiary of JSE-listed Liberty Holdings Limited. STANLIB operates in nine African countries, and in key developed markets globally. The company was formed in 2002 when Liberty Asset Management (LIBAM) and Standard Corporate and Merchant Bank Asset Management merged. Both of these companies at the time were subsidiaries of Liberty Holdings and Standard Bank respectively. It is the biggest unit trust company by market share, managing capital for over 400,000 clients. It runs the oldest existing unit trust in South Africa which was developed by Liberty. STANLIB manages and administers R608 billion assets for more than 500,000 retail and institutional clients.
TASTE Holdings is a South African management group with subsidiaries in the food and jewellery market. It is listed on the JSE with ticker symbol is of TAS, after it have been moved from the AltX board in June 2011.
FirstRand Limited, also referred to as FirstRand Group, is the holding company of FirstRand Bank, and is a financial services provider in South Africa. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator.
Business Connexion (Pty) Ltd. (BCX) is a South African-based information and communications technology (ICT) company. BCX is also listed on the Johannesburg Stock Exchange (JSE). The ICT group has operations in Africa, Europe and the Middle East. In Africa, BCX expands to Kenya, Mozambique, Namibia, Nigeria, Zambia and Tanzania. The company also has offices in the United Kingdom. BCX is known for having the largest data center capacity in Southern Africa.
Rand Merchant InvestmentHoldings, also referred to as RMI Holdings, is a listed financial services investment holding company that holds various insurance brands in South Africa, Australia, China, Mauritius, New Zealand, Republic of Ireland, Singapore, the United Kingdom and the United States of America.
Momentum Limited Group, formerly Momentum Metropolitan Holdings Limited, is a South African based financial services group that is listed on the Johannesburg Stock Exchange.
Discovery Limited is a South Africa-based financial services group that is listed on the Johannesburg Stock Exchange (JSE) with its headquarters in Sandton.
Sibanye-Stillwater is a multinational mining and metals processing Group with a diverse portfolio of mining and processing operations and projects and investments across five continents. The Group is also one of the foremost global PGM auto catalytic recyclers and has interests in leading mine tailings retreatment operations.
RMH, previously known as Rand Merchant Bank Holdings, is a South African diversified financial services holding company.
OUTsurance Holdings Limited, commonly referred to as OUTsurance, is a subsidiary of OUTsurance Group Limited, a South African based financial services investment holding company. OUTsurance Holdings Limited was formed in 1998 with headquarters in Centurion, South Africa. It is a financial services holding company based in South Africa, with subsidiaries in Australia and Ireland.