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]
History
editThe 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]
References
edit- ^ "Lonely heart AltX finally has a suitor". Business Report. Archived from the original on June 16, 2008. Retrieved 5 August 2008.
- ^ "AltX won't be a graveyard for JSE dead ducks". Business Report. Archived from the original on June 16, 2008. Retrieved 5 August 2008.
- ^ "AltX will need less spin to make it fly". Business Report. Archived from the original on December 30, 2003. Retrieved 5 August 2008.
- ^ Itano, Nicole (23 March 2004). "South African Board Tries to Attract Listings and Interest". New York Times. Retrieved 5 August 2008.
- ^ "First two companies list on AltX". Sapa via SABCnews.com. Retrieved 5 August 2008. [dead link]
External links
edit- "Into the mainstream". Financial Mail. Retrieved 5 August 2008. [dead link]