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Two Palladium ETFs To Launch In South Africa Next Week
March 20, 2014--It turns out that not one but two palladium exchange-traded funds will be launched in South Africa next week.
The corporate and investment banking division of Absa Bank Ltd., member of Barclays BCS-1.39%, Thursday said it will list its palladium-backed ETF, NewPalladium, on the Johannesburg Stock Exchange on March 27.
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Source: Forbes
Naspers, mining drag JSE lower
March 19, 2014--South African stocks ended lower on Wednesday, with Naspers taking the most points off the main index after its Chinese money-maker posted slower profit growth while tumbling metal prices added to a downbeat mood.
Naspers, whose share price rally in recent months has largely been on the back of China's Tencent Holdings, dived 4.9% to R1 160.05, paring gains so far this year to about 7%.
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Source: FIN24
Rand steady after inflation data
March 19, 2014--The rand was steady against the dollar on Wednesday after consumer inflation data brought few surprises and retail sales figures beat expectations.
The rand, which has traded in a narrow range throughout the week, was at R10.7420/$ at 15:43 GMT, barely changed from Tuesday's New York close.
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Source: FIN24
JSE rebounds as Putin calms Ukraine fears
Rand firms in line with emerging assets
JSE ticks up on upbeat banking sector
Rand slips against the greenback
NSE Lists VG 30 Exchange Traded Fund view more
JSE slides, Naspers leads decliners view filing
Rand firmer against the greenback view more
March 18, 2014--SA shares have bounced back after comments by Russian President Vladimir Putin calmed markets and emboldened traders to buy previously hammered stocks.
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Source: FIN24
March 18, 2014--The rand has strengthened in line with other emerging market assets on signs that tensions between Russia and Ukraine are easing.
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Source: FIN24
March 17, 2014--South African stocks have picked up for the first time in three trading sessions, led by Standard Bank after it announced that it would sell its Brazilian unit.
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Source: FIN24
March 17, 2014--The rand has weakened slightly against the dollar as the market awaited key local data releases and the US Federal Reserve policy meeting.
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Source: FIN24
March 16, 2014--Vetiva Fund Managers Ltd,,a wholly owned subsidiary of Vetiva listed the first equity-backed Exchange Traded Fund, Vetiva Griffin 30 Exchange Traded Fund (VG 30 ETF) on The Nigerian Stock Exchange (NSE) on Friday, March 14, 2014.
The VG 30 ETF is an open-ended fund that tracks the performance of constituent companies of the NSE 30 index and replicate the price and yield performance of the index.
Source: Nigerian Stock Exchange
March 14, 2014--South African stocks have weakened with Naspers falling the most
tracking a decline in shares of its Chinese money spinner Tencent.
Source: FIN24
March 14, 2014--The rand has been slightly firmer against the dollar but
soon could face risks from inflation and retail sales data.
Source: FIN24