South African Capital Markets |

As Emerging-Market Assets Tumble, South Africa Sells Eurobonds

JOHANNESBURG (Capital Markets in Africa) – South Africa offered a premium for selling Eurobonds just as investors are fleeing emerging-market assets. That it got a sale away at all is evidence of investors’ faith in the country’s new leadership, according to Manulife Asset Management Ltd. and Rand Merchant Bank. Africa’s most industrialized economy raised $2 billion from notes maturing in 2030 and 2048, and priced at 5.875 percent and 6.3 percent respectively, the National Treasury said in an emailed…

South Africa’s New Man Has a Daunting Task Pleasing Markets

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JOHANNESBURG (Capital Markets in Africa) – Investors got what they wanted in South Africa when Cyril Ramaphosa became the ruling party’s new leader, putting himself in prime position to be the nation’s next president. Now comes the difficult part. He’ll be hard pressed to turn around a struggling economy, avoid more rating downgrades and ease political tensions, according to AllianceBernstein LP and Credit Suisse Group AG. That means the rand will struggle to sustain the 14 percent…

South Africa Equity Markets | 27 Oct 2015: South Africa Equity ends in red, resource index 2.94% lower …

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Johannesburg, South Africa Capital Markets in Africa —On Tuesday, the Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) sagged by 0.70 percent or 380.41 points to settle at 53,770.29 points and the benchmark JSE Top 40 index ended 338.00 points or 0.70 percent lower to end at 48,231.26 points. The financial sector index lost 0.38 percent or 172.60 points at 45,506.35 points. Industrial sector index and industrial 25 index dipped by 0.64 percent to end…

South Africa Equity Markets | 26 Oct 2015: JSE slips 0.27% stocks fall, Gold index 1.60% higher on Monday

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Johannesburg, South Africa Capital Markets in Africa —Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) fell by 0.27 percent or 147.71 points to settle at 54,150.70 points and the benchmark JSE Top 40 index ended 230.19 points or 0.47 percent lower to end at 48,569.26 points. Looking at the sector performance, financial sector index added 0.29 percent or 133.36 points at 45,678.95 points. Industrial sector index and industrial 25 index dropped 0.38 percent to end…

South Africa Equity Markets | 22 Oct 2015: Equity Markets Maintains Positive Sentiment lead by Gold sector ….

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Johannesburg, South Africa Capital Markets in Africa —Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) rose by 0.56 percent or 296.00 points to settle at 53,293.97 points and the benchmark JSE Top 40 index ended 220.13 points or 0.46 percent higher to end at 47,814.72 points. From the sector indices, financial sector index added 0.43 percent or 193.60 points at 44,835.44 points. Industrial sector index and industrial 25 index gained 0.47 percent to end at…

South Africa Equity Markets | 21 Oct 2015: South Africa equity in Green despite gold miner and resources indices lower ….

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Johannesburg, South Africa Capital Markets in Africa —Johannesburg Stock Exchange (JSE) All Share (the broadest measure of the equity market performance) rose by 0.22 percent or 117.81 points to settle at 52,997.97 points and the benchmark JSE Top 40 index ended 184.25 points or 0.39 percent higher to end at 47,594,59 points. From the sector indices, financial sector index grew by 0.09 percent or 39.13 points at 44,641.84 points. Industrial sector index and industrial 25 index rose by 0.41 percent to…

South Africa Equity Markets | 20 Oct 2015: South Africa equity ends in red, losses across sectors …

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JOHANNESBURG, South Africa, Capital Markets in Africa — Negative sentiment continued on the Johannesburg Stock Exchange (JSE) equity trading at the end of Tuesday’s trading session. The Johannesburg Stock Exchange (JSE) All Share index sagged by 0.57 percent or 303.91 points to end at 52,880.16 points. The JSE Top 40 index also declined by 0.65 percent or 309.83 points to end at 47,410.34 points. From the sector perspectives, JSE financial sector index dipped by 0.51 percent to…

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