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New South African stock exchange ZAR X to start 3 October
September 23, 2016-Trading is to start on South Africa's new ZAR X securities exchange on 3 October.
It gained a licence on 2 September and the first listings will be Senwes and Senwes Beleggings, with up to 5 listings planned for first week October.
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Source: africancapitalmarketsnews.com
About 4AX- new South African securities exchange
September 23, 2016--South Africa's second new exchange, which also got a licence according to the 2 September announcement by the Financial Services Board (FSB), is 4AX, also known as 4 Africa Exchange.
It plans to trade securities that are currently traded over-the-counter (OTC) and to go live early in 2017.
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Source: africancapitalmarketsnews.com
JSE takes breather after rate decision boost
September 23, 2016--Investors on the JSE have used the opportunity to take profits after the previous two days' strong rally, amid concern over the valuations of some local shares.
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Source: FIN24
Rand shows local strife can't derail emerging market gains
September 23, 2016--Despite political goings-on and low growth, the rand has returned 11% for investors selling the dollar to chase higher yields-more than twice as much as its next-best peer.
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Source: FIN24
JSE investors make most of rand hedge bargains
September 22, 2016--Investors on the JSE have joined the run on global markets, picking up bargains among rand hedges which have been under pressure lately due to the strong rand.
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Source: FIN24
JSE loses ground as rand forges ahead
September 21, 2016--The JSE has continued to retreat, as another powerful performance by the rand takes its toll among the big dual-listed rand hedge shares.
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Source: FIN24
Rand races to month high amid SABMiller inflows talk
September 21, 2016--The rand has gained 1% to R13.76/$, bringing the advance in the past six days to 4.5%, the longest winning streak since March 2014.
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Source: FIN24
Rand stretches rally, miners lead stocks lower
September 20, 2016--The rand has surged to its highest in nearly two weeks against the dollar as an expected rate hold by the US Federal Reserve kept demand for the local currency alive.
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Source: FIN24
Strong rand caps JSE gains
September 19, 2016--Share prices on the JSE have lifted as emerging market shares rose the most in almost two weeks, with rising demand for higher-yielding assets.
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Source: FIN24
JSE in limbo as strong local unit dents rand hedge shares
September 16, 2016--Rand value has again been the big role player on the JSE, with the domestic market hardly moving as the local unit firmed almost 1% against the dollar.
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Source: FIN24
