Anchor Capital lists on the JSE's AltX BoardJohannesburg, 16 September 2014. Today Anchor Capital (JSE:ACG) listed in the financial services sector on the JSE's AltX Board. Anchor Capital is the fifth company to list on AltX this year.Anchor Capital is an asset management and stockbroking firm and has just over R5,25 billion in assets under management. It also owns Ripple Effect 4, an information technology company with a focus on the financial services sector. Anchor Capital believes that listing will not only provide the Group with external capital to fund its growth aspirations, but will also allow it to create incentives to attract and retain staff members. The Group views listing as a means to allow both its staff and its clients to share in the company's success. "Anchor Capital is the third company in the financial services sector to list on the JSE this year. Financial services has exhibited strong growth over the past few years and the JSE is pleased to provide a platform for investors to participate in the growth they have helped to generate in this sector," Zeona Jacobs, Director: Marketing and Corporate Affairs at the JSE.
The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for 125 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management. www.jse.co.za
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