It’s official. The Johannesburg Stock Exchange (JSE) is no longer the only game in town. ZAR X announced on Wednesday that the Financial Services Board has granted it a stock exchange licence that enables the company to operate as such, providing a cheaper alternative to investors and companies looking to raise capital.

French household goods and electronics retailer, Darty, accepter cash offer that South African Johannesburg-based furniture retailer Steinhoff International made for its acquisition last March 18.

Anglo-South African services firm, Old mutual, plans to divide into four activity segments, Sky News reported on March 6.

South African bank Standard Bank reported in a statement published on March 3, its net profit in 2015 soared 34% to R21.37 billion ($1.37 billion) from 2014. The increase is due to better net interest revenues but also to the sales of its loss-making subsidiaries in U.K. and Brazil.