The new exchange plans to simplify trading through same-day transactions and will not charge custody fees, according to founder Etienne Nel. A third contender, A2X , says it is targeting the top 50 to 65 largest companies already listed on the Johannesburg Stock Exchange. The JSE All-Share Index is down just 1.

Apeco – Leather Suppliers in South Africa

If anything, a little competition will be good for investors, as rival stock exchanges in other middle income countries like Chile and Brazil have shown, Rossouw wrote in The Conversation. The line of stock exchange applicants may have something to do with stricter trading regulations in South Africa.

In , market regulators introduced stricter rules that stopped some smaller unlicensed companies trading their stocks privately. This has created opportunities for new nimble stock exchanges.

South Africa stock market data - prices and news - odomujekadox.web.fc2.com

Many of the private traders were part of Black Economic Empowerment and agricultural schemes and some critics argued that the stricter regulations could exclude new traders who were only just beginning to learn about the market in a country where the black majority have been historically excluded from stock trading.

Some analysts, like financial journalist Phakamisa Ndzamela , saw the stricter regulations it as an opportunity for black shareholders to gain a footing in the exchange environment. And it looks like they have.

Johannesburg Stock Exchange - JSE

Sign up for the Quartz Africa Weekly Brief — the most important and interesting news from across the continent, in your inbox. STOCK RIVALRY South Africa may get three more stock exchanges—and a lot more investors Written by Lynsey Chutel.

Share Watchlist - JSE

April 18, Quartz africa. Written by Lynsey Chutel.

Most Popular The most forward-thinking, future-proof college in America teaches every student the exact same stuff. South Africa's rand weakened in early trade on Thursday ahead of President Jacob Zuma's annual state of the nation address, which investors hope would tackle domestic economic woes including electricity shortage. At GMT the rand was trading 0.