Africa ETF News Older Than 1 year-If your looking for specific news, try using the search function
How big are African pension funds?
November 30, 2017--Here are selected findings from a recent hunt through the Internet:
According to a recent report by PricewaterhouseCoopers, "Africa Asset Management 2020" total assets under management in 12 selected Africa countries were $293 billion in 2008, more than doubling to $634bn by 2014.
They are forecast at $1.1 trillion in 2020. (The 12 countries are: South Africa, Morocco, Mauritius, Namibia; Egypt, Kenya, Botswana, Ghana, Nigeria; Angola, Algeria, Tunisia).
Pensions are increasingly important as many countries set up and grow pension schemes. Mauritius and Ghana are examples of countries with 3-pillar pension systems and some countries are starting to revise their regulations to allow pension funds to invest more widely than just into domestic bonds, money market and equities.
view more
Source: africancapitalmarketsnews.com
SA's ETF listing boom set to continue
November 30, 2017--Expect a number of new international offerings.
This year has seen significant activity in the South African exchange-traded fund (ETF) market.
Apart from Sygnia's acquisition of the db x-trackers funds from Deutsche Bank, a raft of new products have listed on the JSE.
view more
Source: MoneyWeb
Stronger world markets boost JSE
November 29, 2017--The JSE traded firmer on Wednesday with most sectors in the green as US markets soared to record highs after the Senate Budget Committee approved Trump's tax bill.
view more
Source: FIN24
JSE remains under pressure as rand strengthens
November 28, 2017--While the strengthening rand supported banking stocks, it also hurt offshore-based industrial stocks.
view more
Source: FIN24
JSE shows little movement as market battles to find direction
November 27, 2017--The JSE has struggled to find direction, with major indices moving moderately in morning trade.
view more
Source: FIN24
Stronger rand defies ratings cut
November 27, 2017--The rand closed firmer against the expectations of the market following S&P Global Rating's decision on Friday to downgrade South Africa's rand-denominated debt to junk status.
view more
Source: FIN24
Zimbabwe: Bitcoin Price Hits U.S.$16,500
November 27, 2017--The price of bitcoin in Zimbabwe as quoted at the local exchange, Golix, rose 13,79 percent on Monday to trade at $16,500, about 65 percent above the global price.
The global price of bitcoin stood nearer $10,000 on Monday.
view more
Source: AllAfrica.com
JSE flat as markets await rating decisions
November 24, 2017--The JSE closed flat on Thursday as markets wait to see what happens with the sovereign ratings decisions from Moody's and S&P.
view more
Source: FIN24
Rand traders brace for big swings as risks stack up
November 24, 2017--The rand's roller-coaster ride isn't over yet-but traders appear uncertain about whether it's heading up or down.
view more
Source: FIN24
S&P Global downgrades SA to junk, Moody's places SA on downgrade review
November 24, 2017-- Global ratings agency S&P Global Ratings on Friday evening downgraded South Africa's long-term local currency rating to 'BB+', or junk, from 'BBB-' with a stable outlook, while Moody's has placed the country on review to be downgraded.
view more
Source: FIN24
