Approved account Warren Wheatley has made its dream of bringing private equity opportunities to everyone a reality. Next month, his brainchild, AltVestwill list its shares in the Cape Town Stock Exchange, allowing anyone with R100 to invest in an asset class that has historically been the preserve of financial institutions and the ultra-rich. Individual offerings ranging from game and wine farms to classic cars and sports teams will be available for co-investment by retail investors. In this interview with BizNews Editor Alec Hogg, financial industry veteran Wheatley explains where the idea came from and how it all works.
Warren Wheatley on AltVest listing date
Our last call said six weeks, so I’m going to be a little disappointed. It’s a little outdated, but the date is now May 5 at the Cape Town Stock Exchange, and it’s going to be followed by quite a loud party. We have a fabulous day ahead as all investment companies do these days. We have a line of products that we are going to launch. But true to form, we are going to have a fashion show by David Tlale, the famous designer. So there will be a fashion show showcasing all of our products, followed by a minting of the original stock certificates while we still have a private company in the NFTs. All our shareholders will be able to exchange those of the metaverse. Then finally, the physical shares will be dematerialized and converted into electronic shares available through the trading aid brokerage platform at the Cape Town Stock Exchange on May 5th. We hope all your readers and listeners will open a trading account. I hope there are not too many shares available. I hope everyone who is invested will hold onto their stocks forever. However, in case people want to make quick profits, now is the time to create an A-Trade account and be there to be on this year’s hottest list.
When opening an A-Trade account
AltVest is a major investor in A-Trade. We are one of the main shareholders. We have agreed exclusivity to market the shares only on this platform for the first six to 12 months after listing. They will be available and all brokerages eventually. But as part of our growth strategy, they will only be available through the A-Trade platform for the first six to 12 months. A-Trade is directly linked to the Cape Town Stock Exchange. Opening an account will not only give you access to the opportunities available through AltVest, but you will also be able to purchase AltVest shares and indeed any other Cape Town listed stock as well as any debt product. Almost every week we have listed debt products on the Cape Town Stock Exchange, so a good number of debt instruments are available for retail investors, but also an interesting range of exotic instruments are available by opening an A- Trade.
On opportunities alongside buying stock in AltVest
On day one, what you’re really buying is the equivalent of a SPAC. And that SPAC has raised R50m from a range of private, retail and institutional investors. We will use this R50 million to find exotic alternative investment opportunities which we will make available to the retail public. So, you would buy AltVest’s platform, which incurs management fees, capital raising fees, marketing fees, etc. But you would also be a co-owner of every opportunity we buy. One of our philosophies at AltVest is that with any opportunity we take on the market, we must align our interests and we co-invest our own balance sheet in every investment opportunity we bring to market. Indeed, AltVest will eventually become an ETF of exotic opportunities for SMEs. So by owning a share of AltVest, you will own a portion of our platform generation capabilities, but also a tiny proportion of your ownership, at least of every opportunity listed on the AltVest platform.
On investing in an asset class with as little as R100
This is absolutely correct, except that in this case the unitary trust company will be buying opportunities that are not currently available to the retail public. So, it will be shares in hemp farms and wine farms. Our first is a hunting lodge. Second, an offshore medical real estate portfolio, exotic car funds and former family businesses. So all of the opportunities that people hear about at braais, dinners, and cocktail parties are suddenly going to be available at a fraction of the cost required to participate in these ordinary investments. For R100 a bank teller could buy a share in a wine farm, a classic car fund or a film fund, or any of those things that have been the preserve of the ultra-wealthy community of South Africa. As a result, these opportunities will be accessible to all.
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