ARC joint CEO, Johan van der Merwe, says that one of the main draw cards of an A2X listing was the potential for improved liquidity. “Even though we are shareholders in A2X, we understand the value that a secondary listing brings to our company and we believe in free market principles that allow companies to grow and flourish.”
Anton Pillay, Coronation CEO, says, “As an active player in the South African equity market as both an issuer and fund manager, we appreciate the impact that A2X is likely to have on South African markets. For this reason, we felt that Coronation needed to be part of the evolution.”
Peregrine Holdings acting CEO, Rob Katz, says that the company expects its A2X listing to enable better price discovery and to broaden the base of shareholders, given that trading costs on A2X are significantly lower. “Peregrine Securities is a key player in SA capital markets and therefore if we are supporting the initiative from a trading perspective, it made sense to support A2X from a listing perspective too.”

Andries van Heerden, CEO of Afrimat explained his rationale for listing, “Our board agrees that stock exchange competition is healthy for the entire market. We support the idea that reduced cost of trading will bring in additional investors. We look forward to being traded on A2X.”