Tag Archives: Johannesburg Stock Exchange
Johannesburg Stock Exchange: Latest News
Peter Pedroncelli, 6:15 am
The Johannesburg Stock Exchange is set to welcome a new tech listing in October, with data technology company 4Sight Holdings joining the South African bourse next month. The development represents the first new tech listing on the Johannesburg Stock Exchange in almost three years, with 4Sight Holdings listing on the JSE’s Alternative Exchange – AltX. The last JSE tech listing was Cartrack in 2014.
Peter Pedroncelli, 6:14 am AFKI Original
The bigger they are, the harder they fall. Ten tech stocks did poorly on the Johannesburg Stock Exchange over the course of the year which ended on June 30, and investors linked to those particular companies will be disappointed with the performances of their stocks during that period. While big names such as Vodacom and Naspers grew their valuations on the JSE, the likes of Telkom and Blue Label Telecoms lost value over the period.
Peter Pedroncelli, 3:47 am AFKI Original
The Johannesburg Stock Exchange has seen a mixed bag of success and failure for tech stocks over the last year, with some companies managing to provide positive returns for investors while others fell out of favor and lost value. Nine tech stocks in particular did well over the course of the year. While big names such as MTN, Telkom and Blue Label Telecoms lost value over the period, tech stocks such as Vodacom and Naspers grew their valuations on the JSE.
Peter Pedroncelli, 2:35 am AFKI Original
The best-performing businesses in the Johannesburg Stock Exchange have provided up to fifteen-fold returns for smart investors over the last five years. A hypothetical initial $1,000 investment placed in the best performing company on the South African benchmark five years ago would have grown to $15,000 by now. Here are the 12 best-performing businesses on the Johannesburg Stock Exchange in the past five years.
Peter Pedroncelli, 5:10 am AFKI Original
Very few stocks have shown the consistency to remain within the FTSE/JSE Top 40 Index for the last 20 years, but 11 companies have managed the impressive feat. There are an elite group of businesses that have managed to stay in the top 40 of the Johannesburg Stock Exchange since 1996. Here are the 11 companies that have remained within the FTSE/JSE Top 40 Index for 20 years.
Dana Sanchez, 10:09 am
SABMiller shareholders on Wednesday approved a $104-billion merger with Anheuser-Busch InBev, making way for one of the largest-ever proposed mergers in history. AB InBev will keep its existing name after the merger. London-based SABMiller, which was first listed on the JSE in 1897, will be delisted on Monday. SABMiller shareholders, who will receive their cash between Oct. 11 and Oct. 13, can remain invested in the global beer industry by buying into AB InBev.
Peter Pedroncelli, 7:10 am AFKI Original
The Johannesburg Stock Exchange is an indicator of how companies in South Africa are doing, with JSE stocks attracting shareholders who believe in the future and profitability of these businesses. Here are the 12 most popular JSE stocks that shareholders were buying during the last two months.
Kevin Mwanza, 5:04 am
Results of a referendum in the United Kingdom on Thursday to leave the European Union shocked markets across the globe, with over $2 trillion wipe out in a single day. African economies were not spared the volatility that the Brexit vote caused on different asset classes. Currencies, stocks and bonds plunged across the continent after the UK’s vote to leave. Africa’s largest economies – that have been struggling with commodity prices rout – were the most affected
Dana Sanchez, 2:08 pm
Stakeholders are encouraged by a strong recovery in chrome prices, and a slower rise in platinum since the end of March. Tharisa mines platinum and chrome in South Africa’s prolific Bushveld complex. Its model of mining two minerals in the same mine should hedge it against falls in either market, the company said. Tharisa’s low-cost model is based on operating an open-pit mine, as opposed to underground pits. Open pits are less expensive. It’s the first mining group to list on the main market of the London Stock Exchange in five years.
Kevin Mwanza, 8:58 am
MTN shares surged as much as 21 percent on Friday after the Africa’s largest telecom operator agreed to pay $1.7 billion fine to the Nigerian government, which could end a protracted legal battle between the firm and the West African nation’s communication regulator. MTN shares trading at the Johannesburg Stock Exchange (JSE) were set to record the biggest intraday gain since 2008. The mobile-phone company would list on the Nigeria Stock Exchange as part of the deal
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