Africa ETF News Older Than 1 year-If your looking for specific news, try using the search function


Rand tracks listless euro

February 14, 2012--The rand remained softer against the dollar in late afternoon trade on Tuesday as it tracked a listless euro.

"There's been a little bit of fall out on Moody's decision to downgrade six eurozone countries and what we're seeing is a technical clear-out on the rand," an analyst said.

He added that he was still bullish on the local currency.

"The Moody's downgrades were not a surprise and were to some extent priced into the markets."

read more

Source: FIN24


JSE rises, resources rebound

February 13, 2012--South African stocks rose 1% on Monday, led by resource firms such as diversified miner Anglo American, after Greece's parliament approved sweeping austerity measures that reassured equity markets around the world.

Global stock markets sighed in collective relief after Greek lawmakers assented to deeply unpopular austerity measures that were required before the European country can secure a second rescue package and the money it needs to meet debt repayments.

read more

Source: FIN24


Rand stays firm as euro holds on to gains

February 13, 2012--The rand remained firmer against the dollar in late afternoon trade on Monday as it tracked a euro that had held on to earlier gains on the news of the Greek approval of austerity measures.

"Today we recovered fairly nicely after that SA Reserve Bank media notification on Friday caused the markets to take fright," a local currency trader said, referring to the announcement which turned out not to have been market moving, but merely news that the appearance of SA's banknotes would change.

read more

Source: FIN24


Mines nationalisation not SA policy - Zuma

February 10, 2012--President Jacob Zuma squashed more than two years of talk on Friday about the nationalisation of South Africa's massive mining sector, saying state control or ownership of the mines in the world's biggest platinum producer could not work.

Asked during a televised breakfast briefing if the government planned to nationalise mines, Zuma said emphatically: “We’re very clear. It is not our policy. We’ve been saying this inside the country, outside the country. It cannot be.”

“We have answered this question many times. We are very clear,” he added. “Our policy is mixed economy.”

read more

Source: FIN24


JSE slides at close, led by miners

February 10, 2012--The JSE slid at the close of trade on Friday, led by general mining counters, amid global risk aversion.

At 17:00 local time, the JSE All Share [JSE:J203] index was down 1.10% to 33 892.58 points, with the resource counters sliding 1.99%; the gold index dipped 0.27% and platinum shares lost 1.44%.

Industrials edged down 0.42%, financials slid 1.13%, and banks tumbled 1.61%.

read more

Source: FIN24


Rand tumbles on jittery euro

February 10, 2012--The rand tumbled against the dollar in late afternoon trade on Friday as the local currency tracked a jittery euro and as the SA Reserve Bank disclosed that it would make an announcement of national importance on Saturday afternoon.

"We can thank our friends in Greece for most of the rand's troubles - it took only one minor opposition party to dislike the debt deal and then we have this announcement in Pretoria tomorrow - things felt uncomfortable as soon as that news came out," a local rand trader said.

At 18:00 local time, the rand was bid at R7.7358 to the dollar from its previous close of R7.5803. It was bid at R10.2025 to the euro from R10.0748 before, and at R12.1720 against sterling from R11.9938 previously.

read more

Source: FIN24


Bonds weaker on rand, offshore sales

February 9, 2012--South African bonds were mostly weaker in midday trade Thursday.

"We are quite a bit weaker, obviously with the rand a touch higher, but it sounds as though there's been some offshore selling - so I think there's been some profit taking from that side. The locals have been pretty quiet," a trader said.

At 11:50, the benchmark R157 bond was trading at 6.595%, from its previous close of 6.570%. The R207 was bid at 7.785% and offered at 7.810% from a previous close of 7.745% and the R186 was trading at 8.260% from its close of 8.215%.

read more

Source: FIN24


JSE edges up, but Kumba shines

February 9, 2012--South African stocks edged higher for the second straight session on Thursday, adding just 0.13% as caution about the euro zone kept investors from pushing prices higher after the recent record run.

But Kumba Iron Ore defied the sluggish overall trend, as a better-than-expected dividend and continued optimism about the outlook for resources sent the company to a record high.

“Investors need a catalyst for either a move higher or lower and Greece is definitely a hot topic again,” said Devin Shutte a trader at brokerage Newstrading.

read more

Source: FIN24


JSE ends firmer on world stocks

February 8, 2012--The JSE ended decidedly firmer on Wednesday, snapping a two-day losing streak, on fresh hopes that Greece was on the verge of striking a deal with its creditors in return for a bailout.

At 17:00 local time, the JSE All Share [JSE:J203] index was up 0.74% to 34 226.73 points, with the resource counters rallying 1.10%, while gold index added 1.37% and platinum shares rose 0.54%.

Industrials lifted 0.52%, financials climbed 0.59%, and banks gained 0.46%.

read more

Source: FIN24


Bonds weaken, rand steady, eyeing Greece

February 8, 2012--South Africa's government bonds fell further on Wednesday while the rand steadied despite reports the government is considering a mining wealth fund that could be used to cap the currency's gains, and as markets awaited news of a new Greek bailout.

Bond yields rose for a third day, with the 2015 bond yield rising five basis points to 6.58 percent and that on the 2026 issue up 6.5 basis points to 8.32 percent, as profit-taking following strong gains last week was extended.

"The market went too far at the end of January and beginning of February so this is just a bit of correction," said Ian Scott, a bond dealer at Stanlib.

read more

Source: FIN24


Americas


April 25, 2025 Tradr Launches Leveraged ETFs on APP and QBTS
April 25, 2025 Exchange Traded Concepts to Close and Liquidate The Range Global LNG Ecosystem Index ETF (NYSE: LNGZ)
April 25, 2025 Roundhill Announces Name Change for Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE)
April 25, 2025 Financial Stability Report
April 25, 2025 Tidal ETF Trust files with the SEC-RPAR Risk Parity ETF and UPAR Ultra Risk Parity ETF

read more news


Europe ETF News


April 24, 2025 ESMA assesses the risks posed by the use of leverage in the fund sector
April 23, 2025 Europe and Central Asia: Accelerate Growth through Entrepreneurship, Technology Adoption, and Innovation
April 23, 2025 ETF and ETP listings on 23 April 2025: new on Xetra and Boerse Frankfurt
April 17, 2025 ETF and ETP listings on 17 April 2025: new on Xetra and Borse Frankfurt
April 16, 2025 ETF and ETP listings on 16 April 2025: new on Xetra and Borse Frankfurt

read more news


Asia ETF News


April 24, 2025 Asia Can Boost Economic Resilience Amid Surging Trade Tensions
April 24, 2025 Low-Cost ETFs and Long-Term Capital Funds Drive High-Dividend Strategies in A-Share Market
April 23, 2025 South Asia's Growth Prospects Dimming Amid Global Uncertainty
April 22, 2025 KB Asset Management to Launch KB RISE US Natural Gas Value Chain ETF Tracking the Solactive US Natural Gas Value Chain Index
April 11, 2025 Indxx Licenses India Digital Select 5 NTR Index & India Large-Cap Growth Select 5 NTR Index to KB Securities in Korea

read more news


Global ETP News


April 24, 2025 Deloitte Releases 2025 Financial Services Industry Predictions Report
April 23, 2025 Rising Global Debt Requires Countries to Put their Fiscal House in Order
April 22, 2025 ETFGI reports record Q1 net inflows of US$463.51 billion into the global ETFs industry
April 22, 2025 The Global Economy Enters a New Era
April 22, 2025 IMF World Economic Outlook-A Critical Juncture amid Policy Shifts

read more news


Middle East ETP News


April 23, 2025 Growth in the Middle East and North Africa Forecast to Moderately Accelerate in 2025 Amidst Uncertainty
April 10, 2025 GCC on track to see an uptick in local currency sukuk

read more news


ESG and Of Interest News


April 22, 2025 Charted: Countries Accumulating the Most AI Patents
April 15, 2025 State of the Global Climate 2024
March 31, 2025 OECD urges strengthened co-operation to sustain trillion-dollar ocean economy
March 30, 2025 Africa: Fast Fashion Fuelling Global Waste Crisis, UN Chief Warns
March 26, 2025 'Renewables are renewing economies', UN chief tells top climate forum

read more news


White Papers


April 22, 2025 Langham Hall -Trends in venture capital fund terms report
April 11, 2025 IMF Working Papers-Inflation Targeting and the Legacy of High Inflation
April 11, 2025 Navigating Trade-Offs between Price and Financial Stability in Times of High Inflation
April 11, 2025 IMF Working Papers-The Global Impact of AI: Mind the Gap
March 21, 2025 Could Digital Currencies Lead to the Disappearance of Cash from the Market?

view more white papers