4 Africa Exchange (Pty) Ltd

4 Africa Exchange (Pty) Ltd, commonly known as 4AX, is a South African stock exchange licensed to operate as an exchange under the Financial Markets Act. It provides listing, trading, and securities registry services for equity and debt issuers, positioning itself as an alternative venue to the JSE for small and medium-sized enterprises seeking access to public capital markets. The exchange is headquartered in Johannesburg and operates primarily in South Africa. As a private company, it is not itself listed on a public exchange. The exchange has faced challenges in building liquidity and listing volume, a common hurdle for smaller African exchanges competing with dominant incumbents. Its official website is 4ax.co.za.

4 Africa Exchange (Pty) Ltd was established in 2016 as a licensed stock exchange in South Africa. It was founded to provide an alternative listing and trading venue to the JSE, with a focus on smaller companies and a lower-cost, less onerous listing environment. The exchange received its exchange licence from the Financial Services Board (now the Financial Sector Conduct Authority) and began operations in 2017. It offers equity and debt listing and trading services, as well as securities registry services. The exchange has struggled to attract significant listing volume and trading liquidity, a challenge common to smaller exchanges in emerging markets. In 2022, the exchange faced regulatory and operational difficulties, and its future was uncertain. As of the latest available information, 4AX continues to operate as a licensed exchange in South Africa.

• 2017

  Exchange begins operations after receiving licence

• 2016

  4 Africa Exchange (Pty) Ltd founded

Alternative stock exchange for SMEs and mid-cap issuers in South Africa

• Equity listings

• Debt listings

• Trading services

• Securities registry services

1. 1CTSE - Cape Town Stock Exchangectexchange.co.za
2. 24 Africa Exchange (Pty) Ltdwikidata.org