{"id":118478,"date":"2016-03-31T10:22:46","date_gmt":"2016-03-31T08:22:46","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=118478"},"modified":"2016-03-31T10:22:46","modified_gmt":"2016-03-31T08:22:46","slug":"new-stock-exchange-for-sa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/118478\/new-stock-exchange-for-sa\/","title":{"rendered":"New stock exchange for SA"},"content":{"rendered":"<p>South Africa has granted its first stock exchange operating licence in over 100 years to the ZAR X Stock Exchange, according to a report by Reuters.<\/p>\n<p>The ZAR X will compete against the Johannesburg Stock Exchange (JSE), and will begin trading on 1 September.<\/p>\n<p>The new exchange is South Africa\u2019s second, with the JSE Africa\u2019s biggest and most liquid stock market, stated the report.<\/p>\n<p>\u201cZAR X plans to facilitate listings of restricted share schemes, currently trading over-the-counter, which the FSB ruled were in contravention of capital markets regulations,\u201d stated the report.<\/p>\n<p>\u201cInvestors are able to trade securities across a state-of-the-art technology platform that permits transactions to be executed on a T+0 or same day settlement of trades,\u201d said ZAR X.<\/p>\n<p>\u201cThe current time frame is T+5 or five days between matched trade and settlement and clearing into an investor\u2019s account. The ZAR X model is world leading and significantly reduces settlement risk as all transactions are pre-funded.\u201d<\/p>\n<p><strong>More on the stock exchange<\/strong><\/p>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/business\/108649\/new-sa-stock-exchange-eyes-march-trade-report\/\">New SA stock exchange eyes March trade: report<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Africa has granted its first stock exchange operating licence in over 100 years to the ZAR X Stock Exchange, according to a report by Reuters.<\/p>\n","protected":false},"author":31,"featured_media":89392,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,10975],"class_list":["post-118478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-zar-x"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/118478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=118478"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/118478\/revisions"}],"predecessor-version":[{"id":118480,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/118478\/revisions\/118480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/89392"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=118478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=118478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=118478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}