4AX seeks to offer investors easier access and more investment choices in a safe and well-regulated environment where securities can be traded without any minimum fees.

4AX was designed to meet the needs of retail investors whilst remaining attractive to institutional investors by:

  • Being the only exchange in South Africa which offers share trading without any minimum fees
  • Introducing a simplified fee structure with the lowest cost in the market for retail shareholders
  • Empowering retail shareholders through the provision of relevant and timely information for free
  • Innovative measures to provide and disseminate information to retail shareholders
  • Improved shareholder participation and shareholders’ democracy e.g. through electronic share trading, which encourages active participation in voting and
  • Various measures to promote broker participation for increased liquidity