AltX
AltX is an alternative public
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
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]
References
- ^ "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
- Official website
- "Into the mainstream". Financial Mail. Retrieved 5 August 2008. [dead link]
