4 Competitors That Want To Disrupt The Johannesburg Stock Exchange Monopoly

Written by Dana Sanchez
Etienne Nel. Photo: moneyweb.co.za
Etienne Nel. Photo: moneyweb.co.za


ZAR X describes itself as a cheap, simple and convenient trading platform that empowers ordinary South Africans with shareholding opportunities, “even if they have never formally invested money or opened a bank account before,” said CEO Etienne Nel, according to BusinessTech.

“The platform also gives business enterprises a flexible, transparent and affordable way to list their restricted or limited share offerings, so that ordinary South Africans can take advantage of them,” Nel said.

ZAR X hopes to be approved by the end of March for an application to the Financial Services Board to begin trading in South Africa.