This was revealed by the Gauteng Government, in an effort to bolster SMMEs in the province.
The purpose of the exchange would allow small businesses to trade without stringent measures associated with the Johannesbutg Stock Exchange.
“It will be run by like a proper business, which must still make business sense for the investors and those who are running the stock exchange,” says Lebogang Maile, Economic Development MEC in Gauteng, on Wednesday.
It will be established in Gauteng, which includes Johannesburg and the capital, Pretoria, focusing on satellite residential areas known as townships.
SMMEs reportedly contribute over billions into the economy of the county, and this opportunity means there will be more accountability and create investor confidence, among others.
Gauteng Premier David Makhura says residents will be able to trade shares in local businesses, providing an alternative to the 129-year-old Johannesburg Stock Exchange, with less stringent listing rules and lower costs, under plans.
The exchange also means the already circulating money in townships will promote economic development, job creation and sustainability of businesses.
Such opportunities will benefit the likes of Kgomotso Pooe, who runs the popular Soweto Outdoor Adventures.
At the time of publishing it was unconfirmed when will the exchange be launched.
