Absa Group has agreed to invest in the start-up stock exchange A2X Markets. The company began trading in October 2017 with cutting-edge technology, stable systems and an agile environment to provide the market with efficient and cost-effective trading. Several blue chip companies are traded on A2X in the secondary market such as Aspen, Investec, Naspers, Sasol, AVI, Sanlam, Growthpoint, Coronation, MrPrice, Standard Bank and Santam amongst many others.
Absa Group Limited is one of Africa’s largest diversified financial services groups that is listed on the JSE (total assets R1.4-trillion, FY2019) and has a strong presence in 12 countries across the African continent. Absa Group has majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania, Uganda and Zambia. The investment amount and the stake acquired were not disclosed.