4 Competitors That Want To Disrupt The Johannesburg Stock Exchange Monopoly

Written by Dana Sanchez

India has 21 stock exchanges, China and Russia each have four and the days are numbered for the Johannesburg Stock Exchange monopolizing South Africa’s equity market, MoneyWeb reports.

A growing number of wanna-be exchanges hope to destabilize the JSE.

The JSE announced plans to open a second office in Cape Town — its first outside its Johannesburg headquarters, according to a January BusinessDayLive report.

A second office will facilitate innovation, said JSE capital markets Director Donna Oosthuyse.

More likely, JSE made the move to defend its territory in light of new players who want to establish competing stock markets, said a Cape Town-based fund manager.

Here are some of the wanna-be stock exchanges looking for approval to start trading in South Africa.

About Dana Sanchez

Dana Sanchez was born in South Africa and is a U.S. citizen. After working in advertising, she went back to school and earned a master's degree in journalism from the University of South Florida. As a business writer, she won regional and national writing awards. As editor of a daily newspaper, she coordinated staff writers, freelancers and photographers in the fast-paced environment of daily news. Dana was an editor at Moguldom Media Group for four years, helping to build and manage a team of staff and freelance writers. She works now on Moguldom.com for Nubai Ventures. A long-distance hiker and cyclist, she writes about the business of technology.