Alternative investment platform Altvest Capital, which listed on the Cape Town Stock Exchange (CTSE) in May, will also list its shares on A2X Markets on September 6.

Having started trading in October 2017, A2X is a licensed stock exchange that provides a secondary listing venue for companies.

Altvest will retain its listing on the CTSE, which performs the primary regulation function, as companies listed on the CTSE are able to secondary list their shares on A2X and access both the retail and wholesale markets in South Africa.

Altvest’s issued share capital will be unaffected by its secondary listing on A2X.

Altvest describes itself as a disruptive retail investing-focussed platform democratising access to custom private equity opportunities. Through a fractionalised investment offering and low entry points, Altvest is able to connect retail investors to opportunities previously exclusive to a small, select pool of high net-worth investors.

Altvest director Warren Wheatley says the secondary listing on A2X expands the company’s current retail-focused offering and opens the door to providing wholesale investors access to Altvest and its underlying instruments through the A2X platform.

“As an investment company, the Altvest retail investor community is particularly sensitive to lower trading fees. The improved market quality which A2X brings to South African financial markets really does benefit investors,” he adds.

A2X Markets CEO Kevin Brady says Altvest is the seventieth security to list on the platform – which has a combined market capitalisation of about R5.5-trillion.

“All companies, regardless of where their primary listing is in South Africa, should have a secondary listing on A2X. Benefits of a secondary listing on A2X include increased liquidity, lower fees and the opportunity to broaden a company’s shareholder base.”

Altvest joins TWK Investments as the second company with a primary listing on the CTSE to also list on A2X.

Other well-known companies including AngloGold Ashanti, Investec, Discovery, Impala Platinum, Naspers, Prosus, Nedbank Sanlam, Sasol, Aspen Pharmacare, Exxaro, AVI, Mr Price, Growthpoint, Momentum Metropolitan and Tiger Brands all have secondary listings on A2X.

Altvest’s first investable opportunity is Umganu Lodge – a luxury property investment overlooking the Kruger National Park.

In addition to luxury property, Altvest is closely reviewing opportunities across financial technology, agricultural technology, health technology, renewable energy, sports teams and valuable collectables.