Brian Sokutu
Senior Print Journalist
2 minute read
8 Sep 2021
8:10 am

Cape Town Stock Exchange ‘unlikely to upset well-established JSE’

Brian Sokutu

The 4 Africa Exchange (4AX) is now rebranding itself as the CTSE – one of the country’s two licensed and regulated stock exchanges.

The JSE. Picture: Moneyweb

While the planned establishment of the alternative Cape Town Stock Exchange (CTSE) might have positive spin-offs in the Western Cape, it was unlikely to upset the well-established Johannesburg Stock Exchange (JSE), founded in 1887 and with a market capitalisation estimated at about R14 401 billion. The 4 Africa Exchange (4AX) is now rebranding itself as the CTSE – one of the country’s two licensed and regulated stock exchanges – and has announced moving its offices in Parktown to the Woodstock Exchange Building in Woodstock, Cape Town. Not perturbed by the CTSE posing a competitive threat, JSE chief executive Leila Fourie...