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Competition Commission takes JSE to tribunal over allegations of exclusionary conduct.

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GUEST: Siyabulela Makunga, Competition Commission spokesperson and Kevin Brady, CEO of A2X Markets

South Africa’s financial markets are facing a high-stakes showdown. The Competition Commission has referred the Johannesburg Stock Exchange (JSE) to the Competition Tribunal, accusing it of exclusionary conduct that allegedly starved rival exchange A2X of trading volumes. The watchdog wants the JSE fined 10% of its annual turnover a potentially record-setting penalty.

At the heart of the case is whether the JSE used its dominant position to stifle cross-platform trading and limit interoperability between systems, making it harder and more costly for brokers to trade across exchanges.
10 Nov 2025 3PM English South Africa Business News · Investing

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