Africa ETF News Older Than 1 year-If your looking for specific news, try using the search function
Resource pounding sends JSE lower
April 30, 2013--The JSE closed on the back foot with resource counters taking a pounding as investors sat on the
sidelines ahead of a US Federal Reserve policy statement.
view more
Source: FIN24
Bonds at record yields after auction
April 30, 2013--Government bonds advanced at noon on Tuesday, pushing the benchmark R186 bond to a record low level after a good weekly government bond auction at 11:00 this morning, with primary dealers the main buyers.
The South African Treasury on Tuesday allotted R800bn of R213 bonds at a clearing yield of 7.260%‚ R1bn of R209 bonds at a clearing yield of 7.520% and R550m of R2048 bonds at a clearing yield of 7.800%
view more
Source: FIN24
Gold stocks send JSE lower
April 29, 2013--Gold shares posted the biggest gains on Monday, leaving the broader JSE slightly softer at noon after a positive start to the session.
At 12:37‚ the JSE All Share [JSE:J203] index was down 0.17% to 39 017.36 points‚ with the Top 40 - (Tradeable) [JSE:J200] blue-chip index slipping 0.21% to 34 355.04 points. The gold index slid 2‚ despite gold spot edging up above $1 470 per ounce.
view more
Source: FIN24
JSE ends softer as miners weigh
April 26, 2013--South African equities closed lower on Friday as losses in mining stocks offset gains in the retail and financial sectors.
The gold index was the biggest loser on the day after good recent gains over the last couple of days.
view more
Source: FIN24
Bonds soften on weaker rand
April 26, 2013--South African bonds were slightly weaker in midday trade on Friday following the weekly inflation-linked bond (ILB) auction at 11:00.
“It looks like bonds were weaker on the back of a weaker rand this morning‚” a local trader said. “We also gather that there might have been an offshore player that was offloading stock this morning and that would have also affected the yield.”
view more
Source: FIN24
Gold miners continue recovery
April 25, 2013--The JSE closed up on Thursday as gold shares soared on a stronger bullion price.
At 17:00‚ the All Share [JSE:J203] index closed 0.89% higher at 39 128.87 points and the Top 40 - (Tradeable) [JSE:J200] index was 0.86% firmer.
view more
Source: FIN24
Stronger rand waits for offshore cues
April 25, 2013--The rand has been slightly stronger against the dollar as the week's upward
trend continued.
view more
Source: FIN24
Rwanda to Sell First International Bond
April 24, 2013--The Republic of Rwanda, scarred by its genocidal atrocities less than 20 years ago and, more recently, noted for its dependency on foreign financial aid, is set to ride the wave of cheap cash around the globe to issue its first international bond.
The deal, which is set to price Thursday, will mature in 10 years and total $400 million—equivalent to over 6% of the country's annual economic output.
view more
Source: Wall Street Journal
JSE slips as banks, industrials weigh
April 24, 2013--The JSE has lost initial gains to trade a tad weaker
as losses in the banking and industrial sectors overshadowed broad gains in the mining space.
view more
Source: FIN24
Bonds near record highs, rand steadies
April 24, 2013--SA bonds have traded near record highs supported by signs of weak global growth
while the rand trades at its strongest levels this week.
view more
Source: FIN24
