Consortium to set up SA's 2nd stock exchange

Johannesburg - A consortium led by Bravura Equity Services plans to set up a stock exchange in South Africa for companies that are currently trading their shares on the over-the-counter platform, the company said on Thursday.

If granted, the proposed bourse would be the second exchange after the more than a century old Johannesburg Stock Exchange (JSE) - Africa's biggest and most liquid stock market.

The mooted bourse would also add another layer in SA’s capital market system that might provide an alternative to companies in start-up stages.