African exchanges give soaraway returns to USD investors
Global investors have enjoyed top-notch returns by investing on many of the African stock exchanges over the first six months of 2025. Returns for investors who measure in USD have been many times higher on leading African stock exchange indices than returns on the US S&P 500 index and other developed markets indices. Local investors […]
Valterra listed on JSE and London SE as Anglo-American restructures
Valterra Platinum Limited has listed on the Johannesburg Stock Exchange on 28 May (share code VAL) and taken a secondary listing on the London Stock Exchange (ticker: VALT) on 2 June, where it joined the International Secondary Listing segment of the Main Market. The listings come as a result of Anglo American plc demerger on […]
Grocer’s $440m is Africa’s biggest IPO of 2024
UPDATE 25 November: The Boxer initial public offer (IPO) raised ZAR 8.5 billion ($471 million) for South Africa’s Pick n Pay. It sold a 34.4% stake in its discount chain Boxer at ZAR 54 rand per share to institutional investors, as reported here on Reuters, which said: “The IPO is the second and final step […]
IPO Watch – Altvest listing on JSE’s AltX to close 1 Oct
Disclaimer: This website and this article are for news and information purposes only. Nothing included here is an investment advertisement or financial promotion nor does any statement in this site constitute investment, tax, legal or any other advice. Nothing on this website is intended to constitute an invitation or inducement to engage in investment activity […]
Rainbow Chicken flies on JSE
Rainbow Chicken, one of South Africa’s biggest poultry producers, has listed on the Johannesburg Stock Exchange as part of the unbundling of a conglomerate, The JSE says in a press release the total of listed companies is now 282 and the total value of shares listed (“market capitalization”) is over ZAR 18.8 trillion ($1.05 trillion). […]
Cannabis SPAC lists on JSE AltX
An investment company with a focus on cannabis and biotechnology is a new listing on the Johannesburg Stock Exchange (JSE) growth and innovation board. Cilo Cybin Holdings Limited listed its shares for trading on the AltX board on 25 June as a Special Purpose Acquisition company (SPAC) and aims to acquire businesses in the biotechnology […]
West Africa’s BRVM on the road 7-8 May
The BRVM Investment Days roadshow is back in Johannesburg for two days from tomorrow (7-8 May). The highly successful West African regional exchange is organizing two days of strategic dialogue on investment opportunities in West Africa, including a day of discussions on a new agricultural commodity exchange opening in Abidjan. Bourse Régionale des Valeurs Mobilières […]
Mauritius exchange new trading system goes live in Q1 2022
The Stock Exchange of Mauritius (SEM) aims to go live with a new Automated Trading System (ATS) by March 2022 after selecting South Africa’s Securities and Trading Technology (STT) as its preferred solution provider. The technology upgrade will see the Mauritius bourse advance further as Africa’s multi-currency, multi-asset financial hub. The new ATS is part-funded […]
A2X exchange scores dual listing #17
Tharisa plc became the 17th company to list on South Africa’s A2X exchange in February. Kevin Brady, CEO of A2X, said in a press release: “Tharisa is the second company from the general mining sector to list on A2X”. It is a secondary listing for the integrated platinum group metals and chrome producer. It has […]
Liquidity and cost of trading on Africa’s stock exchanges – Bright Africa 2018
RisCura’s annual Bright Africa report into African securities exchanges is out and highly-recommended. Key challenge to investors, African stock exchange operators and regulators remain: liquidity, free float and cost of trading. Broker commissions are high, but with low trading volumes they need incentives to change.
Strate’s CEO Monica Singer steps down to focus on blockchain
Monica Singer, former CEO of South African CSD Strate, left at the end of August 2017 after nearly 20 years. She will concentrate full time on blockchain.
South Africa’s securities exchange war goes to court
Court is the next battleground in a war between securities exchanges in South Africa. New exchange 4AX launched a High Court application to set aside both the decision of the FSB and its Appeals Board to grant a licence to new exchange ZAR X.
JSE listed ETF offers 15 African exchanges ex-South Africa
A new AMI Big50 Ex-SA ETF offers investors access to an index covering 50 African companies outside South Africa. It is run by Cloud Atlas Investing and listed on the JSE.
About 4AX – new South African securities exchange
South Africa’s second new exchange, which also got a licence according to the 2 September announcement by the Financial Services Board (FSB), is 4AX, also known as 4 Africa Exchange. It plans to trade securities that are currently traded over-the-counter (OTC) and to go live early in 2017.
Ethos Capital PE lists after R1.8bn oversubscribed private placement
Ethos Capital listed on South Africa’s JSE on 5 August after R1.8 bn ($131m) oversubscribed private placement creates liquid vehicle for private equity investors.
JSE switches to T+3 on 11 July
The Johannesburg Stock Exchange is switching to a shorter T+3 settlement cycle for the equity market from 11 July. Currently it works on T+5.
JSE Clear gets approval from European regulator ESMA
The JSE-owned derivative central counterparty (CCP) JSE Clear has been recognized by the European Securities and Markets Authority (ESMA).
South Africa – politics affects the market, damaging savings and jobs
On 13 Dec the Johannesburg Stock Exchange JSE spelled out how the sacking of South Africa finance minister Nhlanhla Nene and market reactions to political moves had affected people’s savings, jobs and hopes in the previous 4 days.
African securities exchanges and their role in the future
Opening remarks of Oscar Onyema, CEO of Nigerian Stock Exchange and President of African Securities Exchanges Association’s at the 2015 conference, hosted by Johannesburg Stock Exchange (JSE).
Africa’s securities exchanges summit next week
Africa’s securities exchanges gather for their flagship conference in Johannesburg from 15-17 November. The 19th African Securities Exchanges Association annual summit is hosted by Johannesburg Stock Exchange.
