Africa ETF News Older Than 1 year-If your looking for specific news, try using the search function
JSE finalising results
July 29, 2013--The JSE [JSE:JSE] is currently finalising its results for the six months ended June 30 2013.
The results are expected to be released on August 13 2013.
Stakeholders are advised that the basic earnings per share ("Eps") of the JSE group for the period are expected to be between 180% and 200% higher than the previous year's 117 cents per share.
view more
Source: FIN24
Rand softer, import pressure seen
‎July 29, 2013--The rand has been softer against the dollar, retreating a few cents after data showed a slow down of
growth in credit extension to the private sector in June.
view more
Source: FIN24
SA stocks fall short as SABMiller weighs
July 26, 2013--The JSE dipped 0.4% as shares of SABMiller were hit after the world's second-largest beer maker
reported lower volumes and gold producers continued to struggle.
view more
Source: FIN24
Rand steady, eyes Marcus address
July 26, 2013--The rand has been flat against the dollar and is kooking to tread a narrow range in the absence of
major market-moving economic data, both locally and abroad.
view more
Source: FIN24
Rand remains vulnerable
July 25, 2013--The rand steadied against the dollar on Thursday after touching an 8-week high overnight, with nagging concerns about fractious domestic labour relations likely to cap significant gains.
Government bonds yields were higher ahead of producer inflation data expected show an acceleration in the June year-on-year number.
view more
Source: FIN24
Rand near seven-week high ahead of data
July 24, 2013--The rand traded near seven-week highs against the dollar on Wednesday and could strengthen further if consumer inflation data proves to be better than expected.
The rand was at R9.7090/$ at 06:51 GMT, down 0.3% from its close in New York on Tuesday. It reached a high of R9.6805/$ earlier in the session after breaking through the key resistance level of R9.80/$ late on Tuesday.
view more
Source: FIN24
Rand firm, bonds weak before auction
July 23, 2013--The rand steadied against the dollar early on Tuesday, keeping a firmer bias on a greenback pressured by soft economic data that suggested the US Federal Reserve may delay its withdrawal of stimulus.
The rand was at R9.7960/$ at 06:38 GMT, on the firmer side of its R9.8010/$ close in New York on Monday.
view more
Source: FIN24
Rand edges firmer, tracks commodity rally
July 22, 2013--The rand climbed nearly 1% against the dollar on Monday, taking its cue from the firming of commodity-linked currencies although the potential for weakness remains due to the threat of mining strikes hanging over the economy.
The rand traded 0.76% firmer at R9.810 by 09:02 after ending Friday's session in New York at R9.885.
view more
Source: FIN24
Absa lists NewGold ETF on Mauritius Stock Exchange
Latest exchange marks NewGold's fifth listing.
July 19, 2013--The corporate and investment banking division of Absa Bank Limited (Absa), member of Barclays, today announced that the pioneering NewGold exchange traded fund (ETF) will list on the Stock Exchange of Mauritius (SEM) on 26 July 2013.
The listing on the SEM will mark the fifth exchange that NewGold is listed on after South Africa, Botswana, Nigeria and Ghana.
NewGold, Africa,s largest ETF, is one of the simplest and most cost efficient methods for investors to invest directly in physical gold bullion.
Rand looking vulnerable
July 19, 2013--The rand steadied against the dollar early on Friday, trading within the previous session's range but looking under pressure from a strong greenback that could see the local currency close softer heading into the weekend.
By 06:25 GMT, the rand was at R9.9250/$, not far off its R9.9060/$ close in New York on Thursday.
view more
Source: FIN24
