Hudaco Industries lists on A2X

post-title

FD Clifford Amoils: Huddaco has listed on A2X so investors can trade at lower costs.

Distribution company Hudaco Industries has announced that it will be listing on A2X with effect from 5 May 2020. 

Hudaco FD Clifford Amoils says: 

“We have listed on A2X to provide investors with the opportunity to trade in its shares at less expensive transaction costs. In this very tough economic climate, everyone will be looking to contain costs wherever it makes sense to do so.”

Hudaco will retain its primary listing on the Johannesburg Stock Exchange (JSE), which will be unaffected by the secondary listing on A2X.

A2X CEO Kevin Brady said Hudaco’s longevity isn’t easily achieved, referring to the company’s 125-year age. “Hudaco’s listing on A2X shows management’s ability to recognise an opportunity and adapt to the needs of the marketplace.”
 
The listing brings the number of securities available for trade on A2X to 37, with a combined market capitalisation of around R2 trillion. 
 

Related articles

Harmony Gold FD Boipelo Lekubo leads with people at the centre

As FD of Harmony Gold, Boipelo Lekubo believes finance is about far more than delivering numbers. From investing in people and balancing growth with shareholder returns to navigating ESG, AI and one of the world's most capital-intensive industries, she explains why today's finance leaders must create value that extends well beyond the balance sheet.

How Old Mutual CFO Casper Troskie finds balance beyond the balance sheet

Away from billion-rand balance sheets and boardroom strategy, Old Mutual CFO Casper Troskie finds perspective at his home on a farm in Paarl, in the kitchen and on mountain bike trails. Those moments of calm, he says, have become essential to leading through an increasingly unpredictable world.

CFO Zaf Mahomed is casting a new net at Oceana

CFO Zaf Mahomed reveals why balance sheet management and cash flow are the only tools you need to make your organisation’s profits grow. He uses his recent experience at Oceana Group as an example.

CFO Jan Hofmeyr shares his blueprint for technological transformation

Passionate about the opportunity technology can bring, 2023 Finance & Technology Award winner Jan Hofmeyr has been breaking the CFO mould at OUTsurance by driving the transformation of its finance department so it remains relevant in an increasingly digital future. He reveals how this change has affected the entire business.

Top