Generation AltX

South Africa knows a good idea when it sees one. When JSE Securities Exchange South Africa wanted to create a junior exchange for small and medium-sized companies, it looked to the London Stock Exchange’s spectacularly successful Alternative Investment Market (Aim) as a model for AltX.But this young alternative market has a long way to go to match Aim’s more than 1,300 listings. Just eleven companies have listed since AltX was launched in October 2003, a number kept low by the