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


Zambian Eurobond to test appetite for African debt

November 11, 2011--Zambia's planned $500 million Eurobond will be welcomed by investors eager to increase their exposure to frontier market debt but the timing, as yet unknown, will be crucial given the global environment, analysts say.

In its 2012 budget, announced on Friday, the Zambian government said it would press ahead with the previous administration's plans to launch a 10-year Eurobond. Finance Minister Alexander Chikwanda stressed the country, Africa's biggest copper producer, would manage its debt prudently.

"The external environment is driving a lot of considerations at the moment and therefore finding a window of opportunity in the market so the issuer can get the best possible terms will be a crucial factor," said Stuart Culverhouse, chief economist at Exotix.

read more

Source: Reuters


SA stocks lose steam at end of volatile week

November 11, 2011-- South African stocks capped a volatile week with a sideways close on Friday, as concerns about the outcome for Italy’s debt crisis kept investors on the sidelines, although platinum miners and other battered-down shares ticked higher.

Shares of private hospital group Netcare rose nearly 3%, after the company said it expects to report an increase of up to 26% in full-year earnings on Monday.

read more

Source: FIN24


Rand ends week stronger against dollar

November 11, 2011--The rand extended gains against the dollar to 1.4% on Friday, hitting a two-day high as risk sentiment improved after a positive austerity vote out of Italy.

The rand was at 7.8730 against the dollar by 1545 GMT after earlier hitting 7.8620, its strongest level since Wednesday.

However, government bonds were weaker as the market priced out the chance of a rate cut after a hawkish monetary policy statement while the rand jumped against the dollar as global sentiment turned pro-risk.

read more

Source: FIN24


Bonds weaken after rates kept steady

November 11, 2011-- South African bonds were up to 14 basis points weaker in midday trade on Friday, which a trader said was as a result of selling on the back of the South African Reserve Bank's (Sarb's) monetary policy committee (MPC) decision to keep the repo rate unchanged at 5.5% on Thursday.

"I think most of the guys were heavily skewed for a rate cut and then just bailed after it didn't happen; I believe there were some good selling curves from a local at 57-58 this morning and that made matters worse for the long accounts. We're fairly toppish up here though," the trader said.

read more

Source: FIN24


SA stocks shrug off rates decision

November 10, 2011--South African stocks rose 0.71% on Thursday, as miner Anglo American jumped on news of a $5.4 billion asset sale, while investors returned to battered firms such as Sappi .

The stock market shrugged off the central banks’s decision to keep interest rates steady, as expected, and broader gains were limited by concerns about the outlook for Europe.

Stocks did briefly extend gains after the ruling African National Congress said it would suspend for five years the controversial leader of its youth wing, who has called for nationalisation of both banks and mines.

read more

Source: FIN24


Rand firms on Sarb inflation concerns

November 10, 2011--The rand gained against the dollar on Thursday after the central bank said the inflation outlook had deteriorated, diminishing some market players’ hopes there could be another rate cut to support a weak recovery.

The Reserve Bank left the repo rate unchanged at 5.5% and said it was concerned about inflation.

Central Bank Governor Gill Marcus said while the Monetary Policy Committee considered a cut, the decision to leave rates unchanged was unanimous and none of its seven members advocated for further monetary loosening.

read more

Source: FIN24


Rand, JSE hammered by EU woes, Moody's

November 9, 2011--South African stocks posted their biggest one-day loss in five weeks on Wednesday, dropping 2.3% as fears about the outlook for Italy’s debt crisis pushed investors to sell off recent gainers such as miners and banks.

That, coupled with a ratings outlook downgrade of the domestic economy, added to market fears over the euro zone debt crisis, pushing the rand down 2.8%.

Yields on government debt ended 11 basis points higher on the 2015 issue and jumped 12 points on the 2026 bond partly as the most liquid government bonds reacted to Moody’ s rating agency cutting South Africa’s A3 rating outlook to negative from stable.

read more

Source: FIN24


Bonds edge up on rate cut speculation

November 9, 2011-- The rand was steady on Wednesday after closing firmer against the dollar overnight, boosted in part by speculative inflows into the bond market as some players bet on the slight chance the Reserve Bank might cut interest rates on Thursday.

An overwhelming majority of economic analysts polled by Reuters last Friday expect the repo rate to stay on hold at 5.5%, after the last cut in November last year, as the Reserve Bank eyes rising inflation.

read more

Source: FIN24


Treasury downplays Moody's downgrade

November 9, 2011--South Africa played down suggestions from Moody's on Wednesday that political pressure could lead to a further deterioration in public finances, saying Pretoria is committed to a sustainable fiscal path.

"Our debt metrics have not deteriorated compared to our counterparts and also if you look at how we are managing our debt, we've made it clear that although the deficit is widening we are not borrowing more," Treasury spokesperson Bulelwa Boqwana said.

Ratings agency Moody's cut South Africa's A3 rating outlook to negative from stable, voicing concern that pressure from unions and black voters wanting greater economic redress for the ills of apartheid could erode the country's finances.

read more

Source: FIN24


Pan-African exchange Bourse Africa to commence operations in mid-2012

Financial Technologies-promoted exchange is based on a pan-African operating model
November 9th, 2011--Bourse Africa Limited (BAL), the first pan-African commodity spot and multi-asset class exchange, will commence operations in mid-2012. BAL is establishing a pan-African exchange platform in Botswana and a network of linked exchanges, fully localized in national and regional markets across the continent.

A formal launch announcement to this effect was made by Mr. Shreekant Javalgekar, Director (Finance), Financial Technologies (India) Limited (FTIL), at the International Convening on Commodity Exchanges in Africa, held in Addis Ababa, Ethiopia, from 8th-9th November, 2011. Mr. Javalgekar was accompanied by Mr. Chris Goromonzi, MD & CEO, BAL; Mr. Denys Denya, Executive Vice President, African Export Import Bank (Afreximbank); and Mr. Lamon Rutten, Director of BAL and MD & CEO of Multi Commodity Exchange of India (MCX).

BAL is promoted by Financial Technologies (India) Limited (FTIL), the flagship company of India-based Financial Technologies Group (FT Group), a global leader in offering technology solutions and domain expertise to create and operate financial markets in multi-asset classes across Africa, the Middle-East, India and the Far East. The FT Group operates a network of nine exchanges including MCX, the world’s fifth largest commodity futures derivatives market in terms of contracts traded (January to June 2011, based on Futures Industry Association (FIA) statistics). BAL will leverage FTIL’s ‘best-in-breed’ technologies across the exchange and clearing space. It will also be supported by the Group’s ecosystem ventures engaged in providing solutions such as warehouse receipt financing, market information and capacity-building, among others.

“BAL, based on its network of linked exchange strategy, will integrate Africa by facilitating trading, hedging and investment opportunities in national, regional and continental assets for African and international users. FTIL is extremely pleased to be working with its African partners in turning this strategy into a ground reality. BAL endeavours to be a world class venue for regulated investment in the African continent, alongside the increasingly dominant venues seen today across Asia and the Middle East,” said Mr. Javalgekar.

read more

Source: Bourse Africa Limited


Americas


July 11, 2025 RMB Investors Trust files with the SEC
July 11, 2025 Mutual Fund Series Trust files with the SEC
July 11, 2025 Simplify Exchange Traded Funds files with the SEC-Simplify Government Money Market ETF
July 11, 2025 Tortoise Capital Series Trust files with the SEC-Tortoise Global Water Fund
July 11, 2025 EA Series Trust files with the SEC-Towle Value ETF

read more news


Europe ETF News


July 02, 2025 Valour Launches Eight New ETPs on Spotlight Stock Market, Including Bitcoin Cash (BCH), Unus Sed Leo (LEO), OKB (OKB), Polygon (POL), Algorand (ALGO), Filecoin (FIL), Arbitrum (ARB), and Stacks (STX)
June 16, 2025 ESMA's activities in 2024 focused on strengthening the EU capital markets and putting citizens and businesses at the heart of it
June 12, 2025 Janus Henderson launches active fixed income ETF
June 12, 2025 ifo Institute Raises Growth Forecast for Germany
June 10, 2025 ESMA publishes latest edition of its newsletter

read more news


Asia ETF News


July 02, 2025 Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
June 25, 2025 QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
June 18, 2025 Mirae Asset Global Investments Launches MIRAE ASSET TIGER CHINA GLOBAL LEADERS TOP3 PLUS ETF, Tracking Solactive-KEDI China Global Leaders TOP3Plus Index
June 13, 2025 Post-Adjustment ChiNext Index Attracts Global Assets with Low Valuation and High Growth Potential
June 13, 2025 Unlocking Consumption to Sustain Growth in China -World Bank Economic Update

read more news


Global ETP News


July 07, 2025 WTO issues new edition of World Tariff Profiles
July 03, 2025 Flow Traders-Tokenization in Capital Markets: A Market Maker's Perspective
June 14, 2025 Global Economic Prospects-Global Economy Faces Trade-Related Headwinds

read more news


Middle East ETP News


June 19, 2025 GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future
June 16, 2025 Saudi Exchange leads market losses across the GCC

read more news


ESG and Of Interest News


June 30, 2025 OECD-Environment at a Glance Indicators
June 18, 2025 Global Energy Transition Gains Ground, but Security and Capital Challenges Persist
June 17, 2025 Pacific Economic Update: Slowing Growth Highlights Need for More Inclusive Workforce
June 10, 2025 Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets
June 07, 2025 Accelerating Blue Finance: Instruments, Case Studies, and Pathways to Scale

read more news


White Papers


view more white papers