4AX stock exchange to be renamed Cape Town Stock Exchange

By September 7, 2021Business
Cape Town Stock Exchange

4 Africa Exchange (4AX), a stock exchange specialising in listing the equity and debt of small-to-mid-sized companies, will be rebranded as the Cape Town Stock Exchange (CTSE) from October 1, following its relocation to a new head office in Cape Town.

4AX is one of two fully fledged, licensed and regulated stock exchanges in South Africa, with both an equity and a debt listing licence. The market capitalisation of the equity and debt listed on the exchange was about R6.67 billion

The exchange said in a statement the relocation and name change would have no impact on its operations to existing clients. The Financial Sector Conduct Authority approval for the name change and relocation had been submitted, and the exchange was on track to go live with the new brand on September 30.

The exchange would still have a presence in Joburg, and would continue to work with companies all over the region, chief executive Eugene Booysen said.

4AX Registry Services and 4AX Debt Services would be rebranded as CTSE Registry Services and CTSE Capital Solutions, respectively.

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