August 29, 2010

Exchange news

Volatility boosts JSE first half year results

After a strong first half performance, the JSE Limited, which operates the Johannesburg Stock Exchange, is making 2010 a year of consolidation. Africa’s biggest exchange reported a 14.5% increase in revenue but managed to control its operating costs, leading to increased net profit after tax of R207.6 million (US$28.4 mln) up 13.1% on H1 in 2009, when it was R183.5 mln.

Exchange news

For capital markets managers – how the JSE gets its revenues

For full details, the interim results for the first half year to June 2010 are published on the JSE website. A recent JSE press release …

Other Countries

Standard Bank to lend $100 mln to farmers in 4 African countries

South Africa’s Standard Bank will provide $100 million as credit to up to 750,000 farmers in 4 African countries in the next 3 years, according to an interview given by Clive Tasker, CEO for Africa, to Reuters newsagency. The bank is to offer the credit in Uganda, Ghana, Mozambique and Tanzania to help boost agricultural production and economic growth.