The Johannesburg Stock Exchange (JSE) has failed in an interim attempt to block the issuing of an operating licence to a rival bourse, South Africa’s Financial Services Board (FSB) said on Tuesday, although its main appeal is still pending. The JSE had launched an “urgent application for interim relief”, arguing that the creation of the new ZAR X Stock Exchange would cause harm to “the financial system of the country and its investors.”
Source: www.engineeringnews.co.za
Johannesburg stock exchange fails in bid to block new rival
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