Equity Express Starts Operating as 5th South African Exchange
First listing is Ukhamba Holdings, broad- based black economic empowerment partner of Imperial Holdings, with a market capitalization of 340m rand.
* Equity Express says it’s country’s fifth licensed exchange;
* New exchange says it has a specialty in regulating trade in restricted counters, can block transactions that don’t meet guidelines set by the issuer;
* Nedbank acts as the Central Securities Depository Participant. Source: Bloomberg