Africa ETF News Older Than 1 year-If your looking for specific news, try using the search function
Africa: The Rise of Africa's Savers -Pension Funds Key Drivers of Growth
March 8, 2013--The rapid increase in the number and size of African pension funds arguably matters more than any other single trend in the continent's economic development.
The pace at which pension funds have grown is staggering. According to analyst reports, the top six countries' pension funds alone are predicted to grow total assets under management to over $600 billion by the end of the decade (from $200 billion today). They are on pace to grow to over $7 trillion by 2050. Over the next 10 years, Africa's savers - more than its consumers - will define the nature of the continent's growth. But there are as many challenges as there are opportunities in the changing institutional investment landscape.
view more
Source: AllAfrica.com
JSE flat, gold counters rally
March 7, 2013--The JSE was flat on Thursday morning, with gold counters making a big comeback, albeit off a low base, as the sector has been under a fair bit of pressure for some time.
Platinums added value‚ while industrials weakened slightly as investors keenly await today’s European Central Bank interest rate decision and any hints of further monetary easing.
view more
Source: FIN24
JSE follows world markets higher
March 6, 2013--The JSE opened the Wednesday session in positive territory, amid a global risk-on environment, with retailers leading the upside after recent losses and only gold counters pulling on the downside.
At 9:37am the JSE was 0.18% firmer at 40‚618.57 points. General retailers added 0.59% while gold counters gave back 0.92%.
view more
Source: FIN24
Bonds firm, eyeing rand
March 6, 2013--The South African bond market was firm in midday trade on Wednesday, but dealers said the next leg of the rally depended on a stronger rand.
“We had some overnight foreign buy orders to fill this morning‚ but the market has traded sideways since the early morning move. Now we wait to see if the rand can go back below R9 per US dollar‚” a local bond trader said.
view more
Source: FIN24
JSE stronger as investors bargain hunt
March 5, 2013--The JSE was stronger at midday on Tuesday with all of the main indices in the black after being hard hit on Monday.
Gold was the exception‚ with the sector giving up 0.66% at midday.
view more
Source: FIN24
Bonds firm after auction
March 5, 2013--The South African bond market was firmer in midday trade on Tuesday after a well-received auction.
Dealers said the new producer price index (PPI) had no effect as it was the first in the new series.
“We had a good auction and that changed sentiment in the market‚ even if the rand is off its best level‚” a local bond trader said.
view more
Source: FIN24
SA mining policies dent image-report
March 5, 2013--A survey has revealed that uncertainty about South Africa's mining policies is hurting the country's image and ranking as a mining investment destination, Business Day reported on Tuesday.
In the survey, which was conducted by the Canada-based Fraser Institute, South Africa scored lower than last year in terms of its policy and mineral potential, the newspaper reported.
view more
Source: FIN24
JSE down on global sentiment
March 4, 2013--The JSE lost further value on Monday following global markets lower after China introduced new measures to curb property prices, which will have a negative affect on Chinese growth prospects.
This led to lower commodity prices worldwide‚ which weighed on the local bourse.
view more
Source: FIN24
Rand a tad stronger
March 4, 2013--The rand was fractionally stronger at midday on Monday but continued to struggle generally against major currencies following the release of poor trade figures last week.
Weaker manufacturing data out of China‚ coupled with and a move to slow their property value growth to prevent a property bubble‚ also contributed to the rand’s overall weakness.
view more
Source: FIN24
Africa's Food Markets Could Create One Trillion Dollar Opportunity by 2030
March 4, 2013--Africa's farmers and agribusinesses could create a trillion-dollar food market by 2030 if they can expand their access to more capital, electricity, better technology and irrigated land to grow high-value nutritious foods, and if African governments can work more closely with agribusinesses to feed the region's fast-growing urban population, according to a new World Bank report launched today.
According to the Growing Africa: Unlocking the Potential of Agribusiness report, Africa’s food systems, currently valued at US$313 billion a year from agriculture, could triple if governments and business leaders radically rethink their policies and support to agriculture, farmers, and agribusinesses, which together account for nearly 50 percent of Africa’s economic activity
view World Bank report-Growing Africa-Unlocking the Potential
of Agribusiness
Source: World Bank
