(Finally) taking stock in the Cape

DURING the eighties a good number of punters in the local investment community were more than a little serious about setting up a Cape Town Stock Exchange that would either rival or complement the well established Johannesburg Stock Exchange (JSE.) The premise was that there were so many great Cape-based companies – recalling names like Wooltru, Trencor, Pepkor, BoE, Boland Bank. Norwich, Oceana, I&J, Protea Assurance, Seardel, Rembrandt and Pick n Pay (to name a few) – that a separate bourse in the Mother City was more than justified. Such an ambitious - and dare we say divisive project – never took root, and the last efforts at any kind of stock exchange was a half-baked plan by Milnerton-based venture capital company Capital Commitments to start an exchange for emerging companies under the guise of the SASDAQ.

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