Anchor Capital lists on the JSE’s AltX Board

Today Anchor Capital (JSE:ACG) listed in the financial services sector on the JSE’s AltX Board. Anchor Capital is the fifth company to list on AltX this year.

Anchor Capital is an asset management and stockbroking firm and has just over R5,25 billion in assets under management. It also owns Ripple Effect 4, an information technology company with a focus on the financial services sector. Anchor Capital believes that listing will not only provide the Group with external capital to fund its growth aspirations, but will also allow it to create incentives to attract and retain staff members. The Group views listing as a means to allow both its staff and its clients to share in the company’s success.

“Anchor Capital is the third company in the financial services sector to list on the JSE this year. Financial services has exhibited strong growth over the past few years and the JSE is pleased to provide a platform for investors to participate in the growth they have helped to generate in this sector,” Zeona Jacobs, Director: Marketing and Corporate Affairs at the JSE.