Africa ETF News Older Than 1 year-If your looking for specific news, try using the search function
U.S. Foreign Investment in Nigeria Increases From U.S.$5.2 Billion to U.S.$8 Billion-Adefuye
May 3, 2013--The U.S. Foreign Direct Investment flow into Nigeria has increased from $5.2 billion in 2000 to $8 billion in 2012.
The Nigeria Ambassador to the U.S., Ade Adefuye made this known during a presentation on investment promotion strategies at the regional Seminar for Heads of Missions in the Americas held in New York.
According to him, the country has also witnessed a diversification of investments from the oil and gas sector to other key non oil sectors. He identified the sectors as Power, Energy, Agriculture, Hospitality, Housing, Health Care, among others.
view more
Source: allAfrica.com
Gold, retailers and banks weigh on JSE
May 3, 2013--The JSE was slightly higher in the early afternoon on Friday, with gold miners shedding value after recent gains, and declines in retailers after a strong rally on Thursday.
Banking counters were also under pressure‚ with only resources providing some support to the local bourse.
view more
Source: FIN24
Bonds yields drop to another record low
May 3, 2013--South African bond yields hit record lows across the curve on Friday, driven mainly by foreign inflow, as the global search for better yields continues.
At 11:59 the benchmark R186 was trading at 6.550% from 6.620% at Thursday’s close and 6.720% at Tuesday’s close. Wednesday was Worker’s Day and markets were closed.
view more
Source: FIN24
South Africa: Middle East 'Looking to Invest in Africa'
May 2, 2013--South Africa and the rest of sub-Saharan Africa present significant potential for business investment by companies in the Middle East, according to a report released by the Economist Intelligence Unit in Dubai on Tuesday.
The findings were announced by the Dubai Chamber of Commerce and Industry as part of the Africa Global Business Forum 2013, hosted in Dubai on 1 and 2 May.
view more
Source: allAfrica.com
Industrials, gold shares underpin JSE
May 2, 2013--Industrial and gold shares on the JSE were in demand on Thursday, helping the broader market to a positive start to the new month after the all share index lost in excess of 2% in April.
At 12:39‚ the JSE All Share [JSE:J203] index was up 0.72% to 39 014.51 points‚ with the Top 40 - (Tradeable) [JSE:J200] blue-chip index gaining 0.71%. Industrial and gold stocks rallied 1.36% and 1.80% respectively. Platinum stocks‚ however‚ fell 1.08%.
view more
Source: FIN24
Rand eases on fall in commodities
May 2, 2013--The rand fell against the dollar on Thursday on softening precious metal prices, erasing modest gains made earlier in the week.
The rand was at R9.0425/$ at 08:32, 0.8% weaker than its close in New York on Tuesday. The market was closed on Wednesday for a public holiday.
view more
Source: FIN24
Resource pounding sends JSE lower
April 30, 2013--The JSE closed on the back foot with resource counters taking a pounding as investors sat on the
sidelines ahead of a US Federal Reserve policy statement.
view more
Source: FIN24
Bonds at record yields after auction
April 30, 2013--Government bonds advanced at noon on Tuesday, pushing the benchmark R186 bond to a record low level after a good weekly government bond auction at 11:00 this morning, with primary dealers the main buyers.
The South African Treasury on Tuesday allotted R800bn of R213 bonds at a clearing yield of 7.260%‚ R1bn of R209 bonds at a clearing yield of 7.520% and R550m of R2048 bonds at a clearing yield of 7.800%
view more
Source: FIN24
Gold stocks send JSE lower
April 29, 2013--Gold shares posted the biggest gains on Monday, leaving the broader JSE slightly softer at noon after a positive start to the session.
At 12:37‚ the JSE All Share [JSE:J203] index was down 0.17% to 39 017.36 points‚ with the Top 40 - (Tradeable) [JSE:J200] blue-chip index slipping 0.21% to 34 355.04 points. The gold index slid 2‚ despite gold spot edging up above $1 470 per ounce.
view more
Source: FIN24
JSE ends softer as miners weigh
April 26, 2013--South African equities closed lower on Friday as losses in mining stocks offset gains in the retail and financial sectors.
The gold index was the biggest loser on the day after good recent gains over the last couple of days.
view more
Source: FIN24
