Mr. Chairman, Ladies and Gentlemen, the coming in of an additional player onto the market will bring competition, increase trading activity and improve price discovery which is an important function of an organized stock market.
African Alliance Securities Ltd brings with them a dimension of “research” on the listed companies, which appears to be one of their fundamental skills, which has been erratic on the market. Thus we believe that credible and high quality research will keep investors more informed about the opportunities on the stock market and therefore stimulate well informed trading activity.