Market statistics: The market is closed

Who is Protecting You?

Neither Equity Express nor the Financial Services Board (FSB) regulates the marketplace. Equity Express is neither a stock exchange nor self-regulatory organization (SRO). It is however an Authorised Financial Services Provider (FSP) and is regulated under FAIS by the FSB. Equity Express facilitates the trading of company shares as an agent of the companies on the Equity Express platform; it also organizes and disseminates company information making the marketplace more transparent, efficient and investor friendly.

Due to the fact that the trading platforms that Equity Express operate on behalf of Phuthuma Nathi 1 and Phuthuma Nathi 2 are not a licensed stock exchanges as contemplated in the Financial Markets Act, 2012 (the "FM Act"), the anti-insider trading and prohibited practices provisions as well as the prohibitions against publication of false and misleading statements provided for in sections 78 to 81 of the FM Act do not apply to the trading platforms.

Investors should note, however, that even though the trading platforms are not licensed exchanges, Equity Express, Phuthuma Nathi 1 and Phuthuma Nathi 2 have nevertheless implemented extensive measures to prevent fraud and other abuses through, among other things, insider trading and price manipulation.