These are the biggest companies listed on South Africa’s newest stock exchange
Diversified financial services group Vunani Limited has become the latest company to launch a secondary listing on South Africa’s newest stock exchange, A2X Markets.
A2X is a licensed stock exchange which provides a secondary listing venue for companies, having begun trading in October 2017.
The bourse is the third to start operations in South Africa, after ZAR X broke the JSE monopoly in 2014. It has nine approved brokers that account for about 50% of market activity, and is regulated by the Financial Sector Conduct Authority and the Prudential Authority (SARB) in terms of the Financial Markets Act.
With the addition of Vunani, the stock exchange now lists 26 companies, with a combined market capitalisation of R2.443 trillion. The group has listings from companies in key sectors including media, mining, banking, retail, FMCG, financial services, insurance, healthcare and telecommunications.
Naspers is the biggest group listed, with a market cap of R1.52 trillion. This is followed by Standard Bank with a market cap of R307.3 billion, and Sanlam at R178.4 billion.
Vunani is now the smallest listed entity with a market cap of R386.8 million, taking over from Anchor Group, which was previously the smallest company on A2X with a market cap of R807.6 million.
The table below outlines all the listed companies on the A2X, ranked according to size.
| # | Company | Market Cap |
|---|---|---|
| 1 | Naspers Ltd -N- | R1 521 632 070 262 |
| 2 | Standard Bank Group Ltd | R307 298 462 139 |
| 3 | Sanlam | R178 374 892 138 |
| 4 | NEPI Rockcastle | R75 907 144 589 |
| 5 | Growthpoint Properties | R72 581 072 866 |
| 6 | Mr Price Group | R51 522 245 520 |
| 7 | Aspen Pharmacare | R44 882 880 027 |
| 8 | African Rainbow Minerals | R40 947 215 279 |
| 9 | Santam | R35 436 298 838 |
| 10 | AVI | R32 819 022 581 |
| 11 | Coronation Fund Managers | R15 566 060 039 |
| 12 | New Gold Platinum ETF | R12 349 800 000 |
| 13 | New Gold ETF | R10 775 714 683 |
| 14 | Equites Property Fund | R10 724 685 270 |
| 15 | Tharisa | R5 747 850 000 |
| 16 | Afrimat | R4 827 943 284 |
| 17 | Standard Bank Group Pref | R4 703 763 977 |
| 18 | African Rainbow Capital | R4 692 264 236 |
| 19 | Peregrine Holdings | R4 376 274 754 |
| 20 | Ascendis Health | R2 569 717 285 |
| 21 | Sygnia | R1 427 455 054 |
| 22 | Huge Group | R1 053 762 462 |
| 23 | NewGold Palladium ETF | R944 172 294 |
| 24 | Zarclear Holdings | R879 395 557 |
| 25 | Anchor Group | R807 562 929 |
| 26 | Vunani | R386 774 196 |
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