Page 13 - JCCI Business Focus Vol.1.3

MAKING FINANCIAL MARKETS INCLUSIVE FOR AFRICA

4AX SEEKS TO BROADEN AND DEEPEN CAPITAL MARKETS IN SOUTH AFRICA

Adv. Fay Mukaddam, on FDI into the country. This Our model offers: ■ Any technology system, as the There are 4AX fees, taxes (for
CEO 4 Africa continues to place businesses ■ Opportunities to raise capital 4AX platform is agnostic and buyers) and the fee negotiated
Exchange (4AX) operating in South Africa under ■ Targeted investor base - does not prescribe specific with the broker. There are no
immense pressure to balance especially if an issuer has or systems for its authorised users additional or hidden costs and,
conomies, costs versus profits in tougher wants a large number of – and our Registry does provide importantly, by not having any
the world economic times. investors, or a retail investor base reports to brokers online and minimum or monthly fees 4AX
E over it It is against this backdrop that ■ Share transferability and for daily to facilitate effective makes share ownership
seems, are in a both local and international restricted schemes we can accounting of client transactions. attractive to retail investors.
state of serious businesses call for an exchange ensure that the restrictions ■ A retail focus: Our retail share- ■ Freely sharing information
and constant that will meet the unique needs are honoured, for an issuer’s holders, many of whom do not and driving public awareness
flux. of a world class African market. ownership objectives to be have brokers, are an attractive on investment opportunities by
market to existing brokers
making news and trading
The ripple This is exactly what 4 Africa achieved seeking to grow their client updates available online for free
effects of Exchange (Pty) Ltd, a newly ■ Issuer’s life cycle, as our model base or to entrants who have public access.
the 2008/9 licenced, fully-fledged stock is designed to help issuers other connections to these
Western exchange (with a full license to achieve their monetisation clients. Despite economic and political
financial crisis continue to be trade in all security classes) seeks strategy even before they have a For the investor… challenges in the country; South
felt worldwide, where in recent to provide. proven profitability track record Africa remains a vibrant, growing
years we have seen a slowdown At 4AX we seek to change ■ Simple and transparent listing We seek to offer investors market with enormous potential.
in countries that are key trade market perceptions of stock requirements the potential of a fully-fledged There is strong appetite in the
markets for economies across exchanges and open the door for ■ Cost-effective listing process licenced exchange that is more country for alternative listing
Africa; including China and Africa’s best companies, leaders, For brokers… affordable and accessible, and and trading options; to further
several European countries. innovators and entrepreneurs, as allowing for full participation develop and deepen capital
This, coupled with the influence well as provide easier access into We offer stock brokers and as owners of listed companies. markets in support of economic
of fragility in the world the financial market for more those wanting to offer brokerage At the same time, we seek transformation by creating access,
economy, policy uncertainty retail investors. We offer issuers, services the opportunity to to accommodate the needs and in keeping with growing
and geopolitical risks — as brokers and investors a well- become 4AX authorised users. of established institutional economies around the world. At
recently seen with the Brexit vote regulated, cost efficient, simple This would allow them access investors. 4AX, our chief aim is to become
and the U.S election — leaves alternative exchange to invest, to 4AX’s exchange technology, a vehicle for access for all to
many emerging African states trade and grow wealth. investors and issuers. Our model does require investors financial markets – as a preferred
competing with developed and Our model is well suited for: to trade through an authorised alternative trade and investment
developing economies, alike, to For issuers… user, though we’re also able to partner, for change. 
attract and sustain foreign direct ■ Existing and aspirant brokers offer the following benefits to
investment (FDI). We seek to attract listings from and new businesses. Our investors: For more information contact us on:
all qualifying issuers, focusing on admission requirements are in ■ Regulated investor protections Tel: +27 (0) 11 100 8352
In South Africa, for instance, those issuers with an anticipated line with the current require- through consistent and proactive Email: info@4ax.co.za
the economy has witnessed market capitalisation of between ments for an existing broker, surveillance and monitoring Website: www.4ax.co.za
several downgrades from rating R100 million and R8 billion, but simpler and without the ■ Simplified solutions that will
agencies and steadily declining or issuers with restrictions on need for excessive risk capital. meet the needs of all types of
growth rates over the last their securities, where 4AX’s We also allow new businesses investors — including targeted
24+ months and the subdued centralised restricted security to become brokers, and we hope restricted trading
growth in the internal and world validation model accommodates to see the establishment of new ■ Transparent fee structures.
economy has had an impact those issuers. brokers.

EFFECTIVE DISCIPLINE SKILLS

afundise Skills is proud to skills development programmes, are guided to evaluate evidence,
bring our Johannesburg corporate structuring and use witnesses, and prove the
Bbased clients’ public organisation performance charges made.
workshops on: management, communications Effective Discipline Part 3 (20th
1. Managing poor performance and payroll. He has been and 21st November) will focus on
and misconduct consulting for small and medium chairing disciplinary hearings,
sized enterprises across the
2. Investigating, preparing, entire employment spectrum for procedural and substantive
leading and presenting more than 10 years. James has fairness, basic labour legislation
disciplinary case represented companies with great and disciplinary codes. Guidelines
3. Chairing disciplinary hearings. success at Bargaining Councils, and checklists are provided
the CCMA and Industrial Court. to ensure compliance and the
The need for discipline is a effective implementation of
common occurrence in the Effective Discipline Part 1 (2 disciplinary action.
workplace and is often part of November 2017) is a general Part 1 & 2 should be attended
the manager’s daily functions. introduction to discipline, and supervisors and middle managers
However, employees and assists delegates to manage poor who deal with day to day
employers alike are entitled to performance as well misconduct discipline, as well as HR and IR
ensure that fair labour practices through discipline and other managers, shop stewards and
are implemented in the workplace. means. union representatives. Part 3
Effective Discipline Part 2, (3 is intended for those who have
The workshops’ facilitator November 2017) is closely aligned wider experience of discipline
James van den Berg has several with Part 1 and is presented or have completed Part 2, senior
years’ experience of being separately to enable those who managers who may have to chair
fully responsible for all human cannot be away from work more disciplinary hearings, HR or IR
resource related functions than one day at a time, to attend managers or practitioners, legal
in big corporate companies. the training. Part 2 deals with advisers, shop stewards, and
His responsibilities included the importance of investigating union representatives. 
industrial relations, recruitment disciplinary issues beforehand,
and selection, as well as personnel deciding if disciplinary action For more information please contact
administration. James was is warranted, formulating James van den Berg | Cell: 082 493 4499
responsible for national and local appropriate charges and initiating Email: james@bafundise.co.za
union negotiations, training, disciplinary procedures. Delegates www.bafundise.co.za

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