South African insurance giant joins JSE challenger

OUTsurance has become the latest major South African company to attain a secondary listing on A2X Markets.

On Wednesday, 7 January 2026, OUTsurance informed shareholders that its ordinary shares have been approved for a secondary listing on A2X from 14 January 2026.

OUTsurance’s primary listing on the JSE and its issued share capital will be unaffected by this secondary listing.

A2X is a licensed stock exchange authorised to provide a secondary listing venue for companies. 

The company was founded by Sean Melnick, Ashley Mendelowitz and Kevin Brady with the goal of creating a new South African exchange to compete with the incumbent JSE. 

It aimed to create an exchange that was more efficient than the JSE with lower fees for investors to trade.

It was awarded a licence to operate an exchange by the Financial Sector Conduct Authority (FSCA) on 6 April 2017.

On 6 October 2017, A2X debuted with three listings – African Rainbow Capital, Peregrine Holdings and Coronation Fund Managers – with a combined market cap of R14 billion.

Today, the exchange boasts over 160 securities and a combined market cap of over R12 trillion.

Its listings include well-known South African companies such as Pepkor, Absa, Investec, Naspers, Nedbank, Prosus, Sasol, Standard Bank, and Vodacom.

OUTsurance is now set to join these companies on A2X, and its securities will be available for trade on A2X from 14 January 2025.

Many of the company’s competitors in South Africa’s insurance market already have secondary listings on A2X, including Discovery, Sanlam, Momentum, and Santam.

“For the past 28 years, OUTsurance has delivered innovative, value-for-money products to its clients, and we are pleased to help extend this approach to their shareholders,’ A2X CEO and founder Kevin Brady said. 

“By listing on A2X, OUTsurance will provide its investors with the benefit of choice to transact its shares on an additional venue with reduced transaction fees and extra liquidity.”