https://www.engineeringnews.co.za
Africa|Energy|Financial|Innovation
Africa|Energy|Financial|Innovation
africa|energy|financial|innovation

Sasol to list on A2X

27th January 2020

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

South African energy and chemicals group Sasol has been approved for a secondary listing on South African stock exchange, A2X Markets, on February 3.

The company retains its listings on the JSE and the NYSE.

The Sasol listing will bring the number of securities available for trade on A2X to 34, with a combined market capitalisation of over R2-trillion.

A2X is a licensed stock exchange which provides a secondary listing venue for companies. It is regulated by the Financial Sector Conduct Authority and the Prudential Authority of the South African Reserve Bank in terms of the Financial Markets Act.

“Sasol’s decision to list on A2X is part of the company’s commitment to continually find ways to increase value for shareholders, as well as provide them with a variety of trading venue options,” comments Sasol CFO Paul Victor.

“Sasol is one of South Africa’s most well-known and iconic companies and we are delighted to be welcoming them onto our platform. As a global player with local roots and a pioneer in innovation for over six decades, this is a great endorsement for the merits of a secondary listing.

“Sasol investors will benefit from not only the direct saving of lower transaction fees on A2X but also the indirect savings that accrue as a result of narrower spreads and increased liquidity,” adds A2X CEO Kevin Brady.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.079 0.131s - 172pq - 2rq
Subscribe Now