Africa ETF News Older Than 1 year-If your looking for specific news, try using the search function
Global environmental trends to sustain growth of palladium and rhodium ETFs
March 26, 2019--Driven by palladium and rhodium's current demand as the catalytic material of choice in an increasingly emissions-conscious age, both PGM metals are now more valuable than gold and platinum on an ounce-for-ounce basis.
In fact, the US dollar price of both palladium and rhodium has increased by 40% and 84%, respectively, since January 2018, and 117% and 310% over the two years since January 2017.
This is the price context driving the recent performance of Standard Bank's rhodium and palladium ETFs which have been, respectively, the first and second-best performing ETFs in South Africa for two years in a row.
view more
Source: etfstrategy.com
How mobile money can lead a fintech revolution in Africa
If you are reading this blog-drawn by current buzz around financial technology and the "fintech" reference in the title, and its promise to democratize financial services-then it is probably a safe bet to assume that you have heard of M-Pesa.
This mobile payments system started in Kenya in 2007 now boasts 30 million users in 10 countries, with other competitors, such as MTN Money and Orange Money, also operating around the continent.
The use of mobile money has grown exponentially over the past 10 years, making the region the global leader in mobile money innovation, adoption, and usage. M-Pesa services are now offered in countries as diverse as Albania, D.R. Congo, Egypt, Ghana, India, Kenya, Lesotho, Mozambique, Romania, and Tanzania.
view more
Source: World Economic Forum
Markets WRAP: Rand closes at R14.37/$
March 25, 2019--TreasuryONE said earlier that emerging market currencies had weakened, led by Turkey's lira and the rand.
view more
Source: FIN24
ECA-Economic Report on Africa 2019-
Fiscal Policy for Financing Sustainable Development in Africa
March 23, 2019--African countries need to grow their economies faster if they are to achieve the Sustainable Development Goals by the target date of 2030, the Economic Commission for Africa (ECA) says in its annual report.
The SDGs can be achieved by carrying out comprehensive macroeconomic reforms to build resilience, raise potential growth and improve inclusiveness, says the Economic Report on Africa (ERA), released today in Marrakesh, Morocco.
view more
Rand clings to gains despite ongoing load shedding
Markets WRAP: Rand closes at R14.46/$
Rand makes gains on Fed's dovish comments
Palladium tops $1 600 as metal sets new highs on supply shortage
Markets WRAP: Rand closes at R14.38/$
Markets tread cautiously ahead of US Fed rate decision
Source: Economic Commission for Africa (ECA)
March 22, 2019--"While Eskom continues with rolling blackouts that will see the rally in the rand under pressure, their intensity has been reduced," says Peregrine Treasury Solutions's Bianca Botes.
view more
Source: FIN24
March 22, 2019--The rand ended the day at R14.46/$, as uncertainty in the markets impacted emerging market currencies.
view more
Source: FIN24
March 21, 2019--The rand gained 1.9% against the US dollar on Wednesday, following the US Federal Reserve Bank's announcement to keep rates on hold.
view more
Source: FIN24
March 20, 2019--The price of the metal-mainly used in autocatalysts in gasoline vehicles-has almost doubled from a recent low in August.
view more
Source: FIN24
March 20, 2019--The rand closed at R14.38 on Wednesday.
view more
Source: FIN24
March 20, 2019--The JSE retreated on Wednesday as it tracked other global markets lower ahead of the US Fed's rate decision.
view more
Source: FIN24
