By Lehlohonolo Lehana.
JSE-listed retail group Woolworths will list its shares for trade on A2X Markets (A2X) from December 2.
“We are very pleased to be listing on A2X and to be able to offer investors greater access to trade our shares, and the opportunity to participate in the on-going growth and development of South Africa’s capital markets,” says Woolworths CEO Roy Bagattini.
Woolworths joins other well-known South African companies, including competing retailer Pick n Pay, Discovery, Attacq, AngloGold Ashanti, AVI, Coronation, Exxaro, Discovery, Growthpoint, Implats, Investec, Mr Price, Naspers, Nedbank, Netcare, Prosus, Remgro, Sanlam, Sasol, Sun International and Standard Bank who are also listed on A2X.
A2X is a licensed stock exchange authorised to provide a secondary listing venue for companies and is regulated by the South African Financial Sector Conduct Authority and the Prudential Authority of the Reserve Bank in terms of the Financial Markets Act 19 of 2012.
The listing will bring the number of instruments listed on A2X to 90, with a combined market capitalisation of around R5 trillion.