For quite some time the South African monetary sector has slowly been building momentum. Increase use of the banks and good returns, have seen South Africa as an attractive market place. The financial regulators are also providing opening for new products, platforms and seeing increase competition as more choice for the market trader. Recently a new exchange ZAR X in hundred years, enforces the fact there's demand capacity in SA. Opening the market for competition, with health returns are all good for South Africa and for Africa as a whole, as it builds up to meet the needs of it citizen and the untapped market.
TRADING platform ZAR X has been granted the first stock exchange licence in SA in 100 years, it said on Wednesday. On launch in September, the new exchange will allow investors to settle their trades on the same day, ZAR X CEO Ettiene Nel says. The incumbent JSE is in the process of moving its settlement period from five days to three, which will go live between May and July. "ZAR X has no historical practices and legacy systems, which drive up costs and slow down transaction times," Mr Nel said. "Our platform is specifically designed to give businesses a flexible, transparent and affordable way to list their shares." http://www.bdlive.co.za/business/financial/2016/03/30/first-new-stock-exchange-licence-in-a-century-ushers-in-competition-for-jse NOMURA is setting up a permanent branch in SA‚ the investment bank announced on Tuesday. The bank has appointed Jan Newman and Ben Lowther‚ formerly of Newman Lowther & Associates‚ to head up the South African operation. Nomura’s Peter Attard Montalto‚ senior emerging markets economist and strategist at Nomura‚ based in London‚ has been studying SA’s political and economic affairs for some time‚ and produces weekly reports that are often published in the media. The new office‚ to be based in Cape Town‚ will open doors on April 4. It "will focus on providing a relevant and tailored range of investment banking and risk solution services to further support its current and new clients in the region"‚ Nomura’s statement said. "SA’s is a key economic hub on the African continent and global investors and corporates are increasing investment in the region. "The establishment of Nomura SA‚ led by Jan and Ben‚ will expand our global footprint and in-country capabilities in investment banking; and enable us to provide our clients with direct access to and insights on growth opportunities in sub-Saharan Africa‚" said Nomura’s head of Europe, Middle East and Africa Jonathan Lewis. http://www.bdlive.co.za/business/financial/2016/03/22/nomura-to-open-cape-town-office