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Business optimistic on 2011 outlook

December 15, 2010--Business Unity SA (Busa) president Futhi Mtoba said on Wednesday the group was "cautiously optimistic" about the economic and business outlook for 2011.

However, Mtoba said that while economic recovery in 2010 has been mild, 2011's prospects seem brighter.

Analysts are already warning that although growth will edge up in 2011, employment could remain subdued and unemployment was likely to remain at 25.3% for some time.

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Source: FIN24


Carbon tax could hurt business, consumers

December 15, 2010--South Africa is likely to phase-in a carbon tax on fossil fuel inputs as part of new measures to curb carbon dioxide emissions, the national treasury said, in a move that may hit company profits and hurt consumers.

Africa's biggest economy, also the continent's worst polluter, is considering three carbon tax options as it moves to reduce CO² discharges by 34% over the next decade.

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Source: FIN24


Nigeria would like to see Turkey as energy investor

December 14, 2010--Nigeria's minister of state for power has invited Turkey to invest in Nigeria's energy sector to address its energy shortage despite the fact Nigeria is the world's eighth largest oil exporter

Nuhu Somo Wya, Nigeria's state minister of state for power, briefed Turkish State Minister Zafer Ça?layan on the energy situation in Nigeria on Tuesday and emphasized that the country needs Turkey's expertise in the field of electricity production.

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Source: Todays Zaman


Bonds firm in quiet late trade

December 14, 2010--South African bonds remained firm in quiet late trade on Tuesday after a tepid auction and higher than expected CPI figure.

By 15:45 the benchmark R157 bond was at 7.370% from its previous close of 7.405%, while the R207 was bid at 8.215% and offered at 8.185% from 8.235% at its previous close. The R186 was bid at 8.380% and offered at 8.350% after closing at 8.430.

The rand was bid at 6.8152 to the dollar from its previous close of 6.8159.

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Source: FIN24


Gold stocks support JSE at close

December 14, 2010--The JSE closed in positive territory on Tuesday as commodity stocks shone on the back of a softer US dollar.

At 17:00, the JSE all share index was 0.32% higher, with gold miners climbing 1.49%. Both banks and financials advanced 0.59%.

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Source: Fin24


Treasury eases exchange controls

December 14, 2010--South Africa has eased exchange controls further to allow local institutional investors to invest more assets abroad, the National Treasury said.

In a statement late on Monday, the Treasury said it had raised the limit on the amount institutional investors can take offshore by 5 percentage points.

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Source: FIN24


Bonds remain weak on US

December 13, 2010--South African bonds remained weak in late trade on Monday, as recent gains in US Treasury yields continued to weigh on the local market.

By 15:45 the benchmark R157 bond was at 7.405% from its previous close of 7.365%, while the R207 was bid at 8.250% and offered at 8.220% from 8.195% at its previous close. The R186 was bid at 8.445% and offered at 8.415% after closing at 8.390.

The rand was bid at 6.8312 to the dollar from its previous close of 6.8340.

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Source: FIN24


JSE firmer thanks to mine stocks

December 13, 2010--The JSE closed slightly firmer on Monday, as mining stocks, especially gold counters, lent support to the domestic market. But bank, financial and industrial indices fell, weighing on the local bourse.

Higher commodity prices offered support to local resources shares, Kevin Algeo, portfolio manager at Imara SP Reid, said.

However, the rand strengthened on the back of weaker dollar, limiting gains in mining stocks.

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Source: FIN24


Weaker rand no silver bullet: Analysts

December 13, 2010--Economic Development Minister Ebrahim Patel's plan to weaken the rand by cutting interest rates is unlikely to gain support in government and would not increase the country's competitiveness.

His proposals on the rand are at odds with the policy articulated by both the central bank and the Finance Ministry and raise old questions over who exactly is driving policy.

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Source: FIN24


Treasury raises offshore limits

December 13, 2010--The National Treasury said on Monday that it is upping the limit to the percentage amount that institutional investors can invest offshore by 5%.

The Treasury explained that this formed part of a package of measures to respond to surging portfolio inflows.

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Source: FIN24


Americas


September 15, 2025 First Eagle ETF Trust files with the SEC-First Eagle Mid Cap Equity ETF and First Eagle US Equity ETF
September 15, 2025 Transamerica Series Trust files with the SEC
September 15, 2025 Vanguard Fixed Income Securities Funds files with the SEC-Vanguard High-Yield Active ETF
September 15, 2025 Hartford Funds Exchange-Traded Trust files with the SEC-Hartford Dynamic Bond ETF
September 15, 2025 AMG ETF Trust files with the SEC-AMG GW&K Muni Income ETF

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Europe ETF News


September 04, 2025 Global X Launches Two High Dividend ETFs, Tracking Solactive European and United Kingdom SuperDividend Indices
September 03, 2025 The T+1 Thursday conundrum pushing instantaneous settlement on traders
September 01, 2025 ETF and ETP Listings on September 1, 2025, new on Xetra and Borse Frankfurt
August 29, 2025 21Shares Launches First ETP Tracking Hyperliquid, the Market Leader in Decentralized Perpetuals
August 27, 2025 ETF and ETP Listings on August 27, 2025, new on Xetra and Borse Frankfurt

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Asia ETF News


September 08, 2025 Samsung Securities Launches Two ETNs Tracking Solactive China Mobility Top 5 Hedged to KRW Index and AI Tech Top 5 Hedged to KRW Index in First Collaboration with Solactive
September 03, 2025 SGX Securities Welcomes The Listing Of SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF
September 03, 2025 BTIG Begins Offering Access To Tokyo Stock Exchange's CONNEQTOR Platform
September 03, 2025 Exclusive: US trading firm Jane Street files appeal against India markets regulator
September 02, 2025 Hana Asset Management Launches 1Q Xiaomi Value-Chain Active ETF Tracking the Solactive-KEDI Xiaomi Focus China Tech Index

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Global ETP News


September 04, 2025 Infographic-G20 Inflation Tracker: July
September 04, 2025 How Stablecoins and Other Financial Innovations May Reshape the Global Economy
September 04, 2025 Finance Changed, Risks Didn't
September 03, 2025 Ondo Brings Over 100 Tokenized U.S. Stocks and ETFs Onchain, Starting on Ethereum
August 27, 2025 FBS Analysis Highlights How Political Shifts Are Redefining the Next Altcoin Rally

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Middle East ETP News


September 02, 2025 Indxx US Infrastructure Index Licensed by KSM Mutual Funds Ltd. for an Index Tracking Fund
September 01, 2025 Lunate Launches Boreas Solactive Quantum Computing UCITS ETF, the First Thematic ETF to List on ADX, Tracking the Solactive Developed Quantum Computing Index
August 20, 2025 Mideast Stocks: Gulf bourses trade lower ahead of key Fed speech

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ESG and Of Interest News


August 28, 2025 Collapse of critical Atlantic current is no longer low-likelihood, study finds

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White Papers


September 08, 2025 Economic development, carbon emissions and climate policies

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