Johannesburg Stock Exchange (JSE) News

Christoffel Wiese is a South African businessman and billionaire who built Shoprite Holdings Ltd., a supermarket retailer, from the ground up. Credit: Waldo Swiegers/Bloomberg/Getty Images/The Africa Report

Monopoly Money: The successes and failures of South African billionaire Christoffel Wiese

One of South Africa’s richest business leaders talks about his commercial successes and failures, the debates about race and economics in South Africa and his criticism of the government.

Johannesburg Stock Exchange

The Case for Bargain Hunting in South Africa

Charles Roth, of Thornburg Investment Management, has made the case that markets have over-reacted to the recent political shake-up in South Africa, driving asset prices below their underlying value.

Jacob Zuma, President of South Africa

South African Stocks Poised for Long-Term Gains Despite Zuma's Maneuverings: Ryan Hoover, Portfolio Manager, Africa Capital Group

Late last month, South Africa’s increasingly unpopular president, Jacob Zuma, unceremoniously sacked his well-regarded Finance Minister, Pravin Gordhan.

Aigboje Aig-Imoukhuede,Nigeria, President of the Nigerian Stock Exchange (NSE) Council

The Nigerian Stock Exchange gets green light for public listing

The Nigerian Stock Exchange (NSE) has been given a green light by its members to become a publicly listed company, it said on Thursday.

Oscar Onyema, CEO, Nigerian Stock Exchange

Nigerian Stock Exchange to seek approval for public listing

The Nigerian Stock Exchange plans to seek approval from its members on March 30 to proceed with the process of becoming a publicly listed company.

Nairobi Securities Exchange to issue gold ETF

Kenya's Capital Markets Authority approves listing of first ETF

Kenya’s first ETF, which will track the price of gold, will be issued by NewGold Issuer (RF) Limited, which is incorporated in South Africa.

The checkout at Shoprite, Africa's biggest food retailer, in a shopping center in Warri, a fast-growing city in Nigeria's oil-producing region. Credit: nytimes.com

Shoprite & Steinhoff plot massive merger

Retail giants Shoprite and Steinhoff plan to merge to form what will indisputably be one of Africa’s largest retail businesses.

The case for South African hedge funds

The case for South African hedge funds: Jaclyn Petrone, Director of International Business Development, Laurium Capital

Over the years as international investors have searched for yield and found themselves looking towards Africa, many have invested with a long-term mindset focused on private and public equity strategies.

Sandton City, Johannesburg, South Africa

Sandton: Africa's richest square mile?

Sandton Central, without doubt, has become the most important business and financial node in South Africa, and plausibly sub-Saharan Africa.

Nonkululeko Nyembezi-Heita, Chairman, Johannesburg Stock Exchange

African stock exchanges should focus on smaller businesses: Nonkululeko Nyembezi-Heita, Chairman, Johannesburg Stock Exchange

The African growth story is no longer a fairy tale. Over the past decade, multinational companies, private equity funds and infrastructure development programs have channeled capital to the continent.

MTN Nigeria

MTN versus Nigeria

MTN’s misadventures in Nigeria have become a cautionary tale for multinationals and governments in the region – but for which side is still a matter of some debate.

Africa's largest pension fund PIC is looking to increase stake in Barclays Africa

Africa's largest pension fund PIC seeks central bank approval to increase Barclays Africa stake

Africa’s biggest pension fund, Public Investment Corporation, has sought approval from South Africa’s central bank to raise its stake in Barclays Africa.

Nicky Newton-King, CEO, Johannesburg Stock Exchange (JSE)

Johannesburg Exchange Boss Nicky Newton-King Braces for Competition

South Africa’s stock exchange is getting an upgrade. To keep up with growing competition, the Johannesburg Stock Exchange has embarked on a long-term project to gather all of its markets onto a single, faster trading platform and a new clearing system.

A worker walks past an electronic board displaying movements in major indices, at the Johannesburg Stock Exchange in Sandton

South Africa may get three more stock exchanges ... and a lot more investors

Africa’s largest stock exchange, the Johannesburg Stock Exchange in South Africa, is about to get some competition on its own turf.

Edoh Kossi Amenounve, CEO, Bourse Régionale des Valeurs Mobilières (BRVM)

West African stock markets are planning to join forces (Video)

Stock exchanges in Nigeria, Ghana, Sierra Leone, Cape Verde, as well as the BRVM are in talks to develop a common platform for cross-border listing and trading in West Africa, to create broader and deeper liquidity across the region.

South Africa's $340 million Mall of Africa set to open this month

The largest mall in Africa: South Africa's $340 million Mall of Africa set to open this month

South Africa’s largest shopping center development to date, the $340 million Mall of Africa, will be fully operational in 17 days — on 28 April 2016.

Etienne Nel, Co-Founder and CEO of South Africa’s soon-to-be second stock exchange, ZAR X

ZAR X: What will South Africa's second stock exchange do differently and who will it target?

Last week Wednesday South African company ZAR X announced that it had been granted a conditional stock exchange licence by the Financial Service Board (FSB).

Africa Capital Markets Watch 2015: PwC

African Capital Markets Watch 2015 (Report & Infographic): PwC

PwC’s 2015 Africa Capital Markets Watch provides an analysis of African equity and debt capital markets transactions that took place between 2011 – 2015. It also highlights the trends in African capital markets in 2015 which reflected strong figures.

Bob Diamond, CEO of Atlas Mara and former CEO of Barclays. Credit: altassets.net

Barclays' former CEO Bob Diamond reportedly wants to buy the bank's African assets

Bob Diamond, the American executive who was forced out as Barclays’ CEO in 2012, is reportedly interested in buying the British bank’s African operations.

Barclays decision to pull out of Africa is a sign of the bank's weakness, not the continent's potential

Barclays decision to pull out of Africa is a sign of the bank's weakness, not the continent's potential

Barclays has announced it is to withdraw from Africa. It will gradually reduce its 62% stake in Barclays Africa Group over the next two to three years.

Nigeria has reduced its record MTN fine to $3.4 billion

Nigeria cuts record MTN fine 35% to $3.4 billion

The Nigerian government has agreed to reduce the hefty fine imposed on MTN to $3.4 billion following lengthy negotiations between the two parties.

Africa Exchange Guide 2015 - African Alliance

Africa Exchange Guide 2015: African Alliance Capital Markets (Presentation)

Here is general information on exchanges across Africa, including: currencies, time zones, trading hours, open days, market operation, settlement, trading lot sizes, public holidays, monetary policy, taxation & indices. The guide was compiled by African Alliance.

Mauritius plans trading platform to hedge African currencies against US dollar

Mauritius plans trading platform to hedge African currencies against US dollar

Mauritius plans to launch a trading platform to hedge African currencies against the U.S. dollar, part of a bid to expand its role as a financial hub for the continent, the financial services minister said.

SABMiller said to have rejected $100B offer from Anheuser-Busch InBev

SABMiller said to have rejected $100B offer from Anheuser-Busch InBev

SABMiller Plc rejected an informal takeover offer from Anheuser-Busch InBev NV of about 66.4 billion pounds ($100 billion) that it considered too low, according to people familiar with the matter.

Teraco and Dark Fibre Africa complete high-speed fiber optic link for Johannesburg Stock Exchange market data

Teraco and Dark Fibre Africa complete high-speed fiber optic link for Johannesburg Stock Exchange market data

Africa’s largest vendor neutral data center, Teraco, recently announced that a high speed, low-latency fiber link between the Johannesburg Stock Exchange (JSE) and the Teraco Isando data center in Johannesburg has been completed by Dark Fibre Africa.

Kevin Brady, CEO, A2X Markets

Trader Promises Price War to Undercut Africa's Biggest Exchange

Kevin Brady, once head of equity trading for South African-born bank Investec Ltd., wants to compete with Africa’s biggest and oldest financial market, JSE Ltd.

Johannesburg skyline | Source: Shutterstock

South Africa still leads the rest of Africa on foreign investment

Despite an overall deceleration in growth in recent years, South Africa leads as the top destination in Africa for inward foreign direct investment (FDI) and shows clear economic potential, according to new research from fDi Markets.

Cross listing of ETFs on Johannesburg, Lagos and Nairobi stock exchanges coming soon

Cross listing of ETFs on Johannesburg, Lagos and Nairobi stock exchanges: Coming soon

Discussions are currently underway between market participants in Nigeria, Kenya and South Africa to launch the cross listing of Exchange Traded Funds (ETFs).

Supermarket group Choppies wants to have 200 stores by the end of next year

Opportunities multiply as African ventures eye wider horizons

When Choppies opened its first store in Lobatse, a small town in Botswana, its ambition was limited to becoming a retailer of substance in its domestic market.

7 Reasons to Be Bullish on MTN Group

Here are 7 reasons to be bullish on MTN Group

MTN Group, Africa’s wireless telecommunications giant, had a rough start to the year. Stiff competition, regulatory action, weakening currencies, and a labor strike in its home base, South Africa, conspired to slash the company’s first half earnings by 24.2%, and its shares have dropped 21% since their September high. But don’t push the “sell” button quite yet.

Johannesburg Stock Exchange (JSE)

Stock exchanges in South Africa, Kenya, and Nigeria plan more ETF cross-listings

South Africa, Nigeria and Kenya are planning to cross-list more exchange-traded funds on their stock markets to boost liquidity of the securities, according to the Johannesburg Stock Exchange.

Billionaire businessman Christo Wiese is the fourth-richest South African with a personal fortune of $7 billion, according to the Bloomberg Billionaires Index. Photographer: Hetty Zantman/Financial Mail/Gallo Images/Getty Images

South African billionaire Christo Wiese has $2B to spend after Virgin Active deal

Brait SE, the Johannesburg-listed company that last week agreed to buy British health-club provider Virgin Active, has a further $2 billion to spend on deals, according to its largest shareholder and billionaire Christo Wiese.

Listing in Africa - Extractive Industries - KPMG

Listing on African Stock Exchanges - Extractive Industries: KPMG (Report)

The recent lack of growth in the developed markets coupled with perceived improvements in political and macroeconomic stability, policy certainty, and legal systems in many African countries, as well as Africa’s growing middle class and rise in consumption is leading to increasing interest by foreign companies and institutions in Africa as an investment destination.

Africa's Top Ten IPOs in 2014

Africa's Top 10 IPOs in 2014 (Infographic)

Africa’s Top 10 IPOs in 2014

IPO Watch Africa 2014 - PwC

IPO Watch Africa 2014: PwC (Infographics & Report)

IPO Watch Africa surveys all new primary market equity IPOs and FOs in which capital was raised on Africa’s principal stock markets and market segments, as well as IPO and FO activity of African companies on international exchanges, on a yearly basis.

4 Africa Exchange (4AX), South Africa's second stock exchange planning for October debut

4 Africa Exchange (4AX), South Africa's second stock exchange, planning for October debut

Trading on South Africa’s second equity bourse may begin by the fourth quarter if Bravura Equity Services (Pty) Ltd. gets approvals to operate the Johannesburg Stock Exchange rival.

Bravura

South Africa's Bravura applies for stock exchange license to operate 4 Africa Exchange, a new exchange to rival the Johannesburg Stock Exchange

Bravura Equity Services (Pty) Ltd. is working with a group of international partners to apply for a license to operate a stock exchange in South Africa that would rival the 128-year-old Johannesburg Stock Exchange.

NYSE Euronext

Euronext announces partnership with the Johannesburg Stock Exchange, Africa's leading agricultural commodity exchange

Euronext (Paris:ENX) (Amsterdam:ENX) (Brussels:ENX) today announces that it has signed a license agreement with the Johannesburg Stock Exchange (“JSE”) providing the JSE with the right to list the flagship Milling Wheat contract currently traded on Euronext.

The eight best-performing African stock markets in 2014

The eight best-performing African stock markets in 2014 (Infographic)

The eight best-performing African stock markets in 2014.

Royal Gardens Mall, Lekki, Lagos, Nigeria

Five private equity funds targeting real estate investments in Nigeria (Photos)

Africa focused Private Equity (PE) has developed impressively over the last two decades, in terms of volume, quality of transactions, and performance.

MTN

MTN considering acquiring majority stake in South Africa's Telkom in bid to offer fixed-line services

MTN Group may acquire a majority holding in South Africa’s fixed-line incumbent Telkom, in a move aimed at narrowing the gap between MTN SA and Vodacom.

Johannesburg Stock Exchange (JSE)

Taking the temperature of Africa's stock markets

Specialised benchmark index maker S&P Dow Jones Indices has sliced up African markets to see which regions and countries have delivered the strongest performance this year.