Namibia’s stockbrokers switch to IRESS to access NSX
All 4 Namibian stockbrokers have switched their front-end links into the local bourse to the trading solutions supplied by IRESS, a leading global supplier of innovative securities, financial markets and wealth management technology.
Botswana supermarket raising $48m in JSE dual-listing
Botswana supermarket chain Choppies Enterprises launches a roadshow to raise $48m and dual-list shares on the main board of JSE securities exchange on 27 May.
Dar es Salaam Africa’s top stock exchange to 31 Jan
Tanzania’s Dar es Salaam Stock Exchange topped the performance list for the 12 months to 31 Jan in USD, managing a 27% climb and beating the S&P 500 index which rose 11.9%.
Nairobi securities exchange prepares for derivatives market launch
The Nairobi Securities Exchange is working to launch a derivatives market, including product and contract specifications, and public education, following the news on 19 Dec that the Capital Markets Authority granted a provisional licence and approved the NSE’s Derivatives Exchange Rules
Johannesburg Stock Exchange scores record with 395,969 equity trades in one day
The Johannesburg Stock Exchange equity market scored a record number of 395,969 securities trades on 16 October. The total value was just over R24.6 billion ($2.2 bn).
JSE launches futures trading for 3 African currencies
South Africa’s JSE launches 3 new currency future instruments which are the first to track exchange rate between the rand (ZAR) and Nigeria’s Naira (NGN), Kenya Shilling (KES) and Zambia Kwacha (ZMW).
JSE and ASEA host African exchanges for capacity-building
The Johannesburg Stock Exchange (JSE) and the African Securities Exchanges Association (ASEA), supported by the World Bank Group, are hosting the third Building African Financial Markets seminar this week, bringing together stock exchanges, regulators, stockbrokers and others from across Africa.
JSE seminar on African capital markets development
The Johannesburg Stock Exchange will host the 3rd Building African Financial Markets capacity-building seminar, in Johannesburg from 10-12 September.
Top performances for USD investors at Africa’s stock exchanges
Malawi came out as Africa’s top-performing exchange to USD-based investors over 2013 with a strong 62.4% return. Eight out of 13 African exchanges beat the S&P 500.
JSE gives South African firms competitive advantage through corporate bonds
“South Africa’s established and efficient debt capital market is a key competitive advantage for South African firms” writes Barry Martin, joint head of debt capital markets at Rand Merchant Bank. Corporate debt issued in the first quarter of 2013 was R6.1 billion ($612 million).
Africa’s bourses should work together to channel investors
Africa’s 24 stock markets should learn to work together better if they are to seize high levels of investor interest, said Nicky Newton-King, CEO of South Africa’s JSE Ltd. She told an interviewer that plumbing, – technology and other links between exchanges and clearing and settlement – were more likely routes to more liquidity than trying to create a single exchange.
JSE adds derivatives: grain specific to silos and more silver and platinum futures
South Africa’s JSE Ltd continues to expand its commodity derivatives range, adding silver and platinum “quanto futures” and it is helping South Africa’s grain market by allowing Safex silo receipts to complete a futures contract, so producers and buyers can trade grain depending on location.
JSE growth board AltX scores 100th listing with Osiris
The 100th company listed on the AltX growth capital board of South Africa’s JSE Ltd securities exchange this week, when Bermuda-based Osiris Properties International did a dual-listing to help it raise capital.
BaDEx getting ready to launch as Zambia’s second securities exchange
A new securities exchange in Lusaka, BaDEx (Bonds and Derivatives Exchange Zambia) is installing tried-and-tested bond and derivative trading software from South Africa’s STT Software, which supplies the JSE, and says it will be ready to launch operations next month, May 2012. BaDEx trading platforms will include spot and derivative trading in bonds, currency, commodities (such as derivatives on metals and silo certificates on the spot market) and a variety of other derivatives including agricultural commodities, precious metals, equity and energy.
JSE stock exchange unveils new Africa strategy
This morning South Africa’s securities exchange, the JSE Ltd, announced a revised strategy to attract more listings from other African countries, as international interest soars. The JSE is closing its Africa Board and moving the 2 listed companies onto the Main Board or to Alt-X if they are growth companies. The JSE is also stepping up trading in depository receipts (DRs) and offering a broader range of exchange-traded funds and debt instruments.
Kentucky wheat futures contract coming to JSE
The JSE will introduce its third wheat futures contract, with a cash-settled contract based on hard red winter wheat, referencing the Kansas City Board of Trade’s benchmark settlement prices. The contract will be introduced on 28 March with expiry dates in July, September, and December 2012 and March 2013.
Paladin private equity lists education firm on AltX
South African private equity firm Paladin Capital has listed its 76% subsidiary Curro Holdings on the JSE’s AltX on 2 June. Curro, which offers private schooling, aims to raise another R322.4 million ($48 million) through a rights offer after the listing.
JSE revenues climb 9% despite challenging year
South Africa’s securities exchange the JSE Limited increased group revenues by 9% to R1,255 million ($178 mn) from R1,156 mn in 2009. Results were driven by strong performances from the cash equity market, information products sales and commodity derivatives.
