Africa ETF News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results


Rand firmer, eyes R7.20/USD

August 6, 2010-- The rand gained ground in afternoon trade on Friday, supported by the firmer euro against the dollar following poor US jobs data.

A local dealer said the US jobs data indicated the fragility of the US economic recovery, hence the dollar weakness against major currencies.

At 15:50 local time the rand was bid at R7.2113 to the dollar from R7.2430 at the previous close. It was bid at R9.5990 to the euro from R9.5430 before and at R11.5109 against the sterling from R11.4973 at its previous close.

read more

Source: FIN24


JSE takes a hit after poor US jobs data

August 6, 2010--The JSE finished weaker on Friday as US stocks fell sharply after the release of poor US employment data. A local trader said that concerns over the government's order restricting Lonmin [JSE:LON] from selling associated minerals also weighed on the local bourse.

Dow Jones Newswires reported that US stocks slid as Wall Street did not hide its disappointment over the government's July jobs numbers and investors scrambled into safer positions.

The Dow Jones Industrial Average fell 141 points and risk-averse investors moved into Treasurys, with the yield on the 10-year note touching its lowest level in more than a year.

read more

Source: FIN24


SA reserves on the rise

August 6, 2010--South Africa's net gold and foreign exchange reserves stood at $38.665bn at the end of July from $38.189bn in June, official data showed on Friday.

Gross reserves rose to $43.159bn from $42.203bn, the central bank said in a statement posted on its website.

Foreign currency reserves went up $1.127bn to $35.723bn while gold reserves decreased by $254m to $4.715bn.

Source: FIN24


Johannesburg Stock Exchange To List Copper And Silver Futures

August 5, 2010--– Today the Johannesburg Stock Exchange (JSE) announced that it has extended its existing licensing agreement with CME Group, the world’s leading and most diverse derivatives exchange, to list rand-denominated copper and silver futures contracts. This latest development gives South African investors further exposure to the international metals mark

While listed on the JSE’s Commodity Derivatives Market and accessible to all JSE Equity Derivative members and their registered clients, both futures contracts will reference benchmark settlement prices from CME Group’s COMEX, the world’s primary market for trading futures on metals such as gold, silver and copper. Contracts are priced and settled in rands with smaller contract sizes compared to the standard COMEX contract to make them more accessible to South African investors.

The introduction of these foreign-referenced metals contracts forms part of the JSE’s continued drive to bring global markets closer to local traders in a way that is both cost-effective and accessible,” says Rod Gravelet-Blondin, Senior General Manager: Commodities at the JSE. The listing of these two metals contracts follows on the JSE’s introduction of gold, platinum and sweet crude oil futures in October 2009 thanks to the licensing agreement with CME Group.

As with the existing foreign-referenced commodity futures, local market participants do not need to open accounts with international brokers or require Reserve Bank clearance to transfer forex to meet margin requirements, as all trade takes place locally. Gravelet-Blondin anticipates strong market appetite for copper and silver futures, “These two highly-traded and industrially important commodities are bound to be of interest to local investors.”

read more

Source: Johannesburg Stock Exchange (JSE)


Warnings about 'rand tax'

August 3, 2010-- The implementation of a tax on short-term speculative flows should be carefully considered, Absa Capital said in its emerging markets research report on Tuesday.

Their comments follow newspaper reports that the African National Congress is looking at options to make the rand more competitive, including a possible tax on short-term capital flows into the economy to try and curb rand volatility.

South Africa is heavily reliant on capital inflows, which in turn strengthen the rand.

read more

Source: FIN24


Rand sits in a tight range

July 30, 2010--The rand was range-bound in afternoon trade on Friday amid thin trade.
At 15:41 local time the rand was bid at R7.3200 to the dollar from R7.3196 at Thursday's close. It was bid at R9.5318 to the euro from R9.5660 before and at R11.4222 against the sterling from R11.4109 at its previous close.

The euro was bid at $1.3003 from $1.3077 overnight.

A local dealer said: "It's a typical end of the month market at present, with the rand in a R7.30-38 range, lacking any real direction."

read more

Source: FIN24


JSE weak amid negative global sentiment

July 30, 2010-- The JSE was mired in red at noon on Friday as negative sentiment weighed on global markets ahead of the release of second-quarter gross domestic product (GDP) data in the US, after a run of disappointing fundamental data which traders say is raising fears of a double dip.

Profit-taking, particularly in the resources and banking sectors, was also adding to the weakness in the local market, traders said.

By 12:00 local time the JSE All-share index had lost 1.40%, with banks off 2.04% and financials down 1.50%.

read more

Source: Fin 24


Bonds weaker on rand, global caution

July 30, 2010--South African bonds were between three and four basis points weaker in early trade on Friday, in line with a soft rand and a cautious global investment backdrop.

By 12:06 the benchmark R157 bond was at 7.635% after closing at 7.590% on Thursday and the 10-year R207 was at 8.320% from 8.290% previously. The long-term R186 was at 8.545% from 8.530% at its previous close.

The rand was bid at R7.3407 to the dollar from R7.3196 at its previous close.

read more

Source: FIN24


World Bank fingers SA labour costs

July 30, 2010--South Africa is not attracting enough foreign investment to tackle high unemployment and poverty, the World Bank said on Thursday, citing high labour costs as a key deterrent

"South Africa is attracting far less foreign direct investment and exporting less industrial output than many countries in the same peer group," a report said.

The investment climate report compared the country with other emerging economies such as Brazil, India and China.

High labour costs and low manufacturing productivity were holding back to the economy, it said, in a country where unions demand salary hikes more than double the rate of inflation.

read more

view the South Africa: Second Investment Climate Assessment Improving the Business Environment for Job Creation and Growth Draft Summary report

Source: FIN24


SA inflation lower than expected

July 28, 2010-- The increase in South Africa's consumer price index (CPI), which is used by the Reserve Bank for its inflation target, was 4.2% year-on-year in June, down from 4.6% in May, Statistics SA said on Wednesday

It remains well within the target band of between 3% and 6%.

CPI was at 0.0% month-on-month from 0.2% in May.

CPI was expected to have decreased to 4.5% y/y, according to a survey of leading economists by I-Net Bridge, with forecasts among the 10 economists ranging from 4.3% to 4.7%.

read more

Source: FIN24


Americas


April 03, 2025 Investment Managers Series Trust II files with the SEC-Tradr 1X Short Innovation Daily ETF
April 03, 2025 Tidal Trust II files with the SEC-4 Defiance Daily Target 2X Long ETFs
April 03, 2025 Advisors Series Trust files with the SEC-Reverb ETF
April 03, 2025 Baillie Gifford ETF Trust files with the SEC
April 02, 2025 First Trust Exchange-Traded Fund VIII files with the SEC-FT Vest Laddered Max Buffer ETF

read more news


Europe ETF News


March 24, 2025 MarketVector Strengthens Leadership in Multi-Assets Strategies with the Launch of the MarketVector Crypto-Balanced Multi-Asset Index (TOPMDL)
March 24, 2025 21Shares expands European footprint with new listings on Nasdaq Stockholm

read more news


Asia ETF News


March 28, 2025 HashKey Group and Bosera Launch World's First Tokenised Money Market ETF
March 25, 2025 Southeast Asia's Economies Can Gain Most by Packaging Ambitious Reforms
March 17, 2025 E Fund: Harnessing AI Trends in China to Drive Innovation and Enhance ETF Offerings
March 12, 2025 Viet Nam's Economy Forecast to Grow 6.8 Percent In 2025: WB
March 12, 2025 Coinbase returns to India: Crypto exchange confirms securing FIU regulatory nod

read more news


Global ETP News


March 25, 2025 WEF-2024 Global Retail Investor Outlook
March 24, 2025 More Record-Breaking Growth Expected as Investors Lean on ETFs to Manage Global Uncertainty: BBH 2025 Global ETF Investor Survey
March 17, 2025 Infographic-Charted: Global Economic Policy Uncertainty (1997-2025)
March 06, 2025 IMF-Global Financial Stability Note-Pension Funds and Financial Stability

read more news


Middle East ETF News


March 21, 2025 Qatar's Economy Grows 2.4% in 2024, Q4 GDP Up 6.1% Year-on-Year
March 20, 2025 Egypt's economic growth set to improve in Q2, driven by industry: minister
March 11, 2025 Qatar: QSE fully waives trading fees on ETFs, aims improved market liquidity
March 07, 2025 IMF-Financial Conditions and Their Growth Implications for Qatar: Qatar
March 07, 2025 IMF-Artificial Intelligence in Qatar: Assessing the Potential Economic Impacts

read more news


ESG and Of Interest News


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
March 20, 2025 How DeepSeek has changed artificial intelligence and what it means for Europe
March 10, 2025 IMF-Driving Change: Women-Led Economics
March 05, 2025 F&D: Reconnecting Morality with Political Economy

read more news


White Papers


March 21, 2025 Could Digital Currencies Lead to the Disappearance of Cash from the Market?
March 12, 2025 IMF Note-Fund Investor Types and Bond Market Volatility
February 28, 2025 IMF Working Paper-Not all Housing Cycles are Created Equal: Macroeconomic Consequences of Housing Booms
February 28, 2025 Pension Reform and Stock Market Development

read more news