Listing on AltX

Why list on AltX?

If your company is well established, but not yet ready to list on the JSE’s Main Board, you can list it on AltX to achieve the following:

  • ​​Issue new shares.
  • Raise Funds
  • Widen your investor base.
  • Make your shares available for trading on a regulated marke​t.
debt-market

​How to list on AltX

You will have to appoint a designated advisor (DA), who will g​uide you through the listing process, and all of your company’s directors will have to attend a directors’ induction programme.

The process includes the following steps:

  • ​The DA will perform a due diligence to determine the appropriateness and suitability of your company for a listing.
  • The DA will advise you on the various methods of listing and provide guidance as to the best method for your company.
  • The DA will help you to compile an application letter and a business plan for submission to the JSE’s Issuer Regulation division.
  • Based on the presentation your board of directors and your DA make to the AltX Advisory Committee, a recommendation will be made to the Issuer Regulation Division.
  • Once the JSE’s Issuer Regulation Division accepts your application, your DA will help you to compile all the documentation as stipulated by the AltX listing requirements and other relevant legislation.
  • Once the content of the documentation has been verified, the JSE will provide you with a formal approval letter.​​

  • Depending on several factors, including how complex a method is chosen for your listing, the listing process will take between eight and 12 weeks to complete.​​​​​​​​​​​​​​​​​​​

    Attend a directors’ induction programme (DIP) 

    If you are an executive or non-executive director of an AltX company, you must attend a directors’ induction programme (DIP). Main Board and non-listed company directors are also welcome to attend this education programme.

    AltX and the Institute of Directors of South Africa (IoDSA) collaborate in offering this programme to ensure that company directors are up to date on the JSE Listings Requirements, the principles and practices of corporate governance, the Companies Act and other relevant topics. 

    To find out more or to register, please call the IoDSA on 011 035 3000 or email training@iodsa.co.za​.​​​​​​