Gold Brands Limited listed on the Johannesburg Stock Exchange on Friday 12 February, making it the third company to list on the JSE this year and the second company to list on the AltX board. Praxia Nathanael, CEO Gold Brands Investment, said the listing adds value to Gold Brands' proposition to its franchise owner-operators, its BEE partners and staff, and prospective future partners.
Nathanael said:
"With shares publicly traded, this provides a way for the man in the street to access the fast food industry in South Africa and Africa. It is very much aligned to our company mission of empowering and uplifting individuals."
Donna Oosthuyse (pictured), JSE Head of Capital Markets, said the listing will provide Gold Brands with a larger investor base while also providing investors with an opportunity to benefit from "the company's growth and future success".
Oosthyuse said:
"Gold Brands Limited will have an opportunity to tap into Africa's largest capital market to fund its growth and franchise footprint across South Africa and in key markets on the continent."
There are currently 65 companies listed on the AltX board with an overall market cap of R34.4 billion. The JSE market cap stands at R14.74 trillion.
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