4 Africa Exchange (4AX), South Africa's second stock exchange, planning for October debut

Trading on South Africa’s second equity bourse, the 4 Africa Exchange (4AX) may begin by the fourth quarter if Bravura Equity Services (Pty) Ltd. gets approvals to operate the Johannesburg Stock Exchange rival.

“We hope that we will be able to become operational two months after the license has been approved,” Stephan van der Walt, spokesman for Bravura, said by phone from Johannesburg on Friday. Trading may start by October, he said.

Read more: South Africa’s Second Stock Exchange Planning for October Debut – Bloomberg Business.