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FTSE/JSE Africa Top40 Tradeable Index // Échangeables Index FTSE/JSE Afrique Top 40




46,379.63101.00 0.22%

Open: 46,480.63 Day Range: 46,284.91 – 46,480.63 Year To Date: +6.78%
Previous Close: 46,480.63 52-Week Range: 40,925.14 – 47,422.30 1-Year: +13.62%
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INDEX PROFILE INFORMATION FOR TOP40

The FTSE/JSE Top40 Index is a capitalization weighted index. Companies included in this index are the 40 largest companies by market capitalization included in the FTSE/JSE All Shares Index. The index was developed with a base value of 10399.53 as of June 21, 2002.

TOP GAINERS & LOSERS IN TOP40

Quotes delayed, except where indicated otherwise. All prices in local currency. Time is ET.

South Africa’s Second Stock Exchange

Planning for October Debut

Trading on South Africa’s second equity bourse may begin by the fourth quarter if Bravura Equity Services (Pty) Ltd. gets approvals to operate the Johannesburg Stock Exchange rival.

“We hope that we will be able to become operational two months after the license has been approved,” Stephan van der Walt, spokesman for Bravura, said by phone from Johannesburg on Friday. Trading may start by October, he said.

Rules in July that changed how over-the-counter trading can be done in South Africa opened the door to a group of companies led by Bravura to set up a second exchange. The 4 Africa Exchange, or 4AX, will give a platform for companies trading OTC shares and issues that are part of the country’s black economic empowerment program.

“There are at least 20 companies being affected, which are currently trading OTC that we know of,” van der Walt said. “There are at least eight companies that have indicated strong interest to look further at this.”

The 20 companies have a combined market capitalization of 20 billion rand ($1.7 billion), he said. Details will be released when Bravura’s application is submitted to the market regulator Financial Services Board, van der Walt said.

FRENCH VERSION

Deuxième bourse de l’Afrique du Sud

 

Planification pour Debut octobre

Négoce sur la deuxième bourse de capitaux propres de l’Afriquedu Sud peut commencer au quatrième trimestre si le rivalisentd’approbations de Bravura Equity Services (Pty) Ltd obtient pourl’exploitation de la bourse de Johannesburg.

« Nous espérons que nous serons en mesure de deveniropérationnels deux mois après que la licence a été approuvée »,Stephan van der Walt, porte-parole de bravoure, a déclaré partéléphone depuis Johannesburg vendredi. Négociation peutcommencer en septembre, dit-il.

Règles en juillet que changé comment en vente libre échangepeut se faire en Afrique du Sud a ouvert la porte à ungroupement d’entreprises mené par Bravura, de mettre en placeun second échange. L’échange d’Afrique 4 ou 4AX, donnera uneplate-forme pour les entreprises de négoce des actions de l’OTCet les questions qui font partie du programme d’émancipationéconomique des noirs du pays.

« Il y a au moins 20 entreprises étant touchés, qui sont négocientactuellement les OTC que nous connaissons, » dit van der Walt. « Il y a au moins huit compagnies qui ont manifesté un intérêt fortde regarder plus loin à cela. »

Les 20 entreprises ont une capitalisation boursière combinée de20 milliards de rand ($ 1,7 milliards), a-t-il dit. Détails serontlibérés lorsque la demande de bravoure à l’organisme deréglementation de marché Commission des Services financiers, a déclaré van der Walt.

 




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