AltX is an alternative publicequity exchange for small and medium-sized companies inSouth Africa operated in parallel with and wholly owned by theJSE Securities Exchange. As of July 2008 the shares of just over 80 companies listed on AltX had a combined value of over R30-billion.[1]
The exchange launched in October 2003[2] as a nursery for the JSE main board, replacing the failed venture capital and development capital boards established as sub-sets of the main board in the 1980s.[3] It was intended to encourage entrepreneurship, especially among South Africa's emerging black middle class.[4]
Beige Holdings Limited and Insurance Outsourcing Managers' Holding Limited were the first companies to list, in January 2004.[5]
