South Africa's Bravura applies for stock exchange license to operate 4 Africa Exchange, a new exchange to rival the Johannesburg Stock Exchange

Bravura Equity Services (Pty) Ltd. is working with a group of international partners to apply for a license to operate a stock exchange in South Africa that would rival the 128-year-old Johannesburg Stock Exchange.

The bourse will be called 4 Africa Exchange and the consortium is in the process of applying to the Financial Services Board for a permit to operate it, according to a statement on its website. The 4AX group includes Trifecta Capital Services, Intercontinental Trust Ltd., Capital Markets Brokers Ltd., NWK Ltd. and Global Environmental Markets Ltd.

Read more: South Africa’s Bravura Applies for Second Bourse Rivaling JSE – Bloomberg Business.