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Investability of Africa's listed markets
September 20, 2018--Relative illiquid stock exchanges, high costs of trading and fees detract from the investability of Africa's listed markets.
Cost of trading
It is difficult to obtain cost of trading information in Africa. Reflected above are the markets for which reliable information could be obtained. The cost of trading on African exchanges is substantially higher than developed markets. A significant portion of trading fees is made up of brokerage commissions. The substantial portion of other fees in South Africa, mostly represent Securities Transfer Tax, which is not charged in most developed markets.
The limited pool of licensed brokers in each country results in very low power to investors to switch to a more affordable competitor. However, the low volume of trades on these exchanges means that brokers charge more on each trade to cover their costs. It's a difficult position to get out of without incentivisation for brokers to lower their fees.
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Source: brightafrica.riscura.com
JSE firms as markets shift attention from trade war
September 20, 2018--The JSE has firmed along with other major global markets as focus shifted from the Sino-USA trade war.
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Source: FIN24
Rand at best level in a month ahead of rates decision
September 20, 2018--The rand firmed almost 1.5% on Thursday morning ahead of the SA Reserve Bank's interest rate decision.
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Source: FIN24
JSE inches higher as inflation slows
September 19, 2018--JThe JSE barely closed firmer, mainly on the back of gains recorded in the financials and resources indices.
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Source: FIN24
JSE struggles for direction as Trump strikes again
September 18, 2018--The local bourse has struggled for direction as global markets digested the imposition of a 10% tariff on Chinese goods by the US, which is set to kick in on 24 September.
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Source: FIN24
Rand holds firm despite developments in US-China trade dispute
September 18, 2018--The rand held firm, trading just below R15/$ to the greenback on Tuesday morning, despite developments in the US-China trade dispute.
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Source: FIN24
JSE closes weaker as global markets react to new tariffs
September 17, 2018--The JSE has closed weaker, following a session where it mostly traded in the red.
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Source: FIN24
Rand yo-yos in early trade as emerging markets on the back foot
September 17, 2018--The rand had a yo-yo session in early trade on Monday morning, briefly breaking through R15/$ shortly after 09:00.
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Source: FIN24
The African Development Bank and MCB Group launch African Domestic Bond Fund
September 17, 2018--First multijurisdictional fixed income Exchange Traded Fund (ETF) on the continent
Listing on Mauritius Stock Exchange on 18 September 2018. Investors benefit from convenient access to African government bonds
The African Development Bank and Mauritius Commercial Bank Group (MCB) have launched the African Domestic Bond Fund (ADBF) ahead of its listing on the Stock Exchange of Mauritius Ltd on 18 September 2018. It is the first multijurisdictional fixed income Exchange Traded Fund (ETF) on the continent.
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Source: African Development Bank Group
Rand hedges rebound to lift JSE
September 14, 2018--The JSE closed firmer as rand hedges rebounded following the retracement in the rand.
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Source: FIN24
