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Nigeria: SEC Approves IPO of Griffin 30 ETF
January 10, 2014-January 10, 2014--Vetiva Fund Managers Limited has notified the Nigerian Stock Exchange, NSE, that Securities and Exchange Commission, SEC, has granted approval for the Initial Public Offer of Griffin 30 Exchange Traded Fund (VG 30 ETF) which will open to the public for 15 working days in line with SEC Rule 301, commencing Monday, 13th January, 2014 and closing Friday, 31st January, 2014.
If the fund is listed on the NSE, it will become the second Exchange Traded Fund (ETF). An Exchange Traded Fund (ETF) is an investment vehicle that tracks an index, a basket of assets, or a commodity, but trades like regular shares on a stock exchange.
Implats drags JSE to fifth day slide view more
Rand under pressure ahead of US jobs report view more
Rand languishes near five-year lows view more
SA stocks drop on inflated price concerns view more
Rand slightly firmer after reserves data view more
SA stocks fall as China worries weigh view more
Rand steadies after previous low view more
Commodity shares pick up on JSE view more
Rand nearing five-year low view more
Source: AllAfrica.com
January 10, 2014--SA share prices have bucked the global trend to drop for a fifth day running,
as global investors shifted out of emerging markets and into the recuperating West.
Source: FIN24
January 10, 2014--The rand has remained soft after touching a new five-year low against the dollar,
and may come under renewed pressure if US data exceeds expectations.
Source: FIN24
January 9, 2014--South Africa's rand made a modest recovery on Thursday from a fresh five-year low hit overnight but could stumble again if manufacturing data due later in the session disappoints.
The rand was at R10.7400 to the dollar at 06:51 GMT, nearly 0.4%t firmer than Wednesday's close in New York.
Source: FIN24
January 8, 2014--South African stocks ended down for the third straight session on Tuesday, inching lower as Mondi and other star performers of 2013 were hit by concerns their prices are overblown.
Losses were limited as investors shifted into banks such as Standard Bank, which underperformed the market last year.
Source: FIN24
January 8, 2014--The rand was slightly firmer against the dollar on Wednesday, after better than expected foreign exchange reserves data.
The rand was at R10.6250 to the dollar at 07:03 GMT, up 0.2% from Tuesday's New York close.
Source: FIN24
January 7, 2014--South African stocks edged down 0.6 percent on Monday, declining for the second straight session after nagging concerns about a slowdown in China's economy prompted investors to take profit in recent top performers such as Discovery Holdings.
Growth in China's services sector slowed sharply last month to its lowest point since August 2011, a private sector survey showed, adding to signs of slowing momentum in the world's second-largest economy.
Source: FIN24
January 7, 2014--The rand was largely flat against the dollar on Tuesday and should stay within a narrow range for the day, given dearth of market-moving data and news to move it.
At 06:48 GMT the local currency was trading at R10.6500 against the dollar, just 0.05% off of Monday's close in New York. It was 0.12% firmer at R14.4272 to the euro.
Source: FIN24
January 6, 2014--THE JSE started the new year on a strong note strong and notched up a new all-time record in the first week, with major shares increasing sharply on the back of positive economic news from the US.
Markets across the world rallied as it is becoming more evident that the American economy is recovering and fears of the imminent easing of financial stimilus in the US are receding.
Source: FIN24
January 6, 2014--The rand was trading close to a five-year low on Monday as the dollar remained strong, supported by an upbeat outlook on the US economy from outgoing Federal Reserve chairperson Ben Bernanke.
The rand was at R10.6780 to the dollar at 06:18 GMT, down 0.1% from Friday's New York close. It slumped to 10.7% on Thursday, its weakest since December 2008 amid thin holiday trading and a flight from risky assets.
Source: FIN24
