SA's first SMME stock exchange

| 0 Comments

 

smmes.jpgSouth Africa will in October open its first stock exchange devoted to assisting small-business operators. The exchanges will be set up in Gauteng’s Johannesburg and Pretoria, focusing on residential townships and serving mostly black South Africans, reported iol Business News in September.

Residents will be able to trade shares in local businesses, providing an alternative to the 129-year-old Johannesburg Stock Exchange. The “SMME share” exchanges will operate under less stringent listing rules and lower costs, under plans announced by Gauteng Premier David Makhura.

“It will be run like a proper business, which must still make business sense for the investors and those who are running the stock exchange, said Lebogang Maile, an official in Gauteng’s Economic Development department”

“The only difference is that it will relax the requirements so that it becomes easier and cheaper for township-based entrepreneurs.”

The exchanges will seek to leverage the money already circulating in the communities and promote economic development, according to Maile. South Africa’s Financial Services Board has granted a company a licence to set up the exchanges, Maile said.

This article first appeared in PretoriaNews

Leave a comment


SmartProcurement Newsletter
X

Please enter your details below to receive the SmartProcurement Newsletter for FREE on a regular basis.

As part of the SmartProcurement Newsletter you will be receiving World Class Procurement News, Tools, Tips, Tactics, Procurement Training updates, Upcoming Events, and the latest Procurement Career Openings.

* Email Address:
* Title:
* First Name:
* Surname:
* Company:
  Position:
* Country:
* Public / Private:

 

Career opportunites

Sourcing

  • >500 000 Gauteng Permanent Procurement Officer / Specialist Strategic Sourcing
Sourcing R 800 000 – R 1.0 million ...More

Sourcing

  • >500 000 Gauteng Permanent Procurement Officer / Specialist Strategic Sourcing
Sourcing R 800 000 – R 1.0 million ...More

Supply Chain Planner

  • <500 000 >500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
 Supply Chain Planner R 350 000 - R550 ...More

Supply Chain Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
Supply Chain Planner .R 350 000 - R550 ...More

Supply Chain Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
Supply Chain Planner .R 350 000 - R550 ...More

Supply Chain Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
Supply Chain Planner .R 350 000 - R550 ...More

Supply Chain Planner

  • <500 000 >500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
Supply Chain Planner R 350 000 - R550 ...More

Demand Planner.

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Strategic Sourcing
Demand Planner.R 400 000 – R 500 000 ...More

Logistics Specialist

  • >500 000 Gauteng Logistics & Warehousing Permanent Procurement Officer / Specialist
Logistics Specialist,R 400 000 – R 500 000 ...More

Warehouse & Distribution Manager

  • >500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Permanent
Warehouse & Distribution Manager.R 550 000 – R ...More

Operations Excellence Manager

  • >500 000 KwaZulu Natal Operations, Planning & Inventory Permanent Supply Chain
Operations Excellence Manager,R 700 000 – R 800 ...More

Operations Excellence Manager

  • >500 000 KwaZulu Natal Operations, Planning & Inventory Permanent Procurement Management
Operations Excellence Manager:R 750 000 – R 850 ...More

Supply Chain Manager

  • >500 000 Gauteng Permanent Supply Chain
https://www.tech-pro.co.za/pages/jobdetail.aspx#!Gauteng/Supply%20Chain/Supply%20Chain%20Optimization%20Manager/TP2004313/MMaR 900 000 – R 1.0 million CTC ...More

Procurement Specialist / Buyer

  • <500 000 >500 000 Permanent Procurement Officer / Specialist
Job Purpose/Scope The role will manage relatively small

Assistant Distribution Center Operations Manager

  • <500 000 Operations, Planning & Inventory Permanent Procurement Management Western Cape
(Total Cost to Company R360K-R420K) .Location: Cape Town.Opportunity ...More

Business Analyst Continuous Improvement Analyst

  • <500 000 Analyst Permanent Supplier / Business Development Western Cape
(Total Cost to Company R550K – R650K)Role: Business ...More

Senior Analyst

  • >500 000 Analyst Gauteng Permanent Projects / Category Management
(Total Cost to Company R600k – R700K) excluding ...More

Demand Planner

  • <500 000 Operations, Planning & Inventory Permanent Supplier / Business Development Western Cape
(Total Cost to Company R500K-R650K) Location: Cape TownThe opportunity ...More

Demand Planner

  • >500 000 Operations, Planning & Inventory Permanent Supplier / Business Development Western Cape
 (Total Cost to Company R500K-R650K) Location: Cape TownThe opportunity ...More

Commodity Specialist

  • >500 000 Commodities Gauteng Permanent Procurement Officer / Specialist
 (Total Cost to Company R500K – R600K) excluding ...More