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Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets
March 24, 2014--Summary: During the past three years the frontier markets of sub-Saharan Africa have received growing amounts of portfolio capital flows, with heightened interest from foreign investors. Compared with foreign direct investment, portfolio capital flows tend to be more volatile, and thus pose challenges for sub-Saharan African frontier markets.
This study examines the evolution of capital flows since 2010 and discusses the policies these countries have designed to reduce risks from the inherent volatility of these flows.
view the Managing Volatile Capital Flows Experiences and Lessons for Sub-Saharan African Frontier Markets
Source: IMF
JSE falls with global peers
March 20, 2014--South African stocks fell for a second straight session on Thursday, tracking global shares that stumbled as investors braced for a speedier rise in US interest rates than previously thought.
But losses were capped by some mining firms such as platinum producer Aquarius Platinum, which added almost 2% to R7.15, helped by the weakening rand.
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Source: FIN24
Standard Bank to Launch 3 ETFs on the JSE
March 20, 2014--Mining Weekly reported yesterday that Standard Bank plans to launch three new exchange-traded funds (ETFs)-the AfricaGold ETF, AfricaPlatinum ETF and AfricaPalladium ETF-on the JSE.
As quoted in the market news:
"AfricaPalladium, which was expected to list later this week, would also be the first palladium ETF to be listed in the local market following a strong demand for the metal.
The AfricaGold and AfricaPlatinum ETFs would be listed at the beginning of April.
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Source: Gold Investing News
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
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
