Tag Archives: JSE
JSE: 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.
Dana Sanchez, 5:17 pm
Each security is equivalent to 100th of an ounce of gold and is backed by physical gold. The Nairobi all-share index hit a 47-month low March 8, driven down by bank stocks and a Safaricom selloff. Having local currency exposure to the spot price of gold is attractive to local pension funds and others restricted in overseas investment. “It makes sense to be adding complexity to the stock exchange… Barclays is ‘pushing at an open door by launching a gold-based ETF,” an investment advisor said. “There’s clearly demand for gold here because people see it as a store of value.”
Dana Sanchez, 1:39 pm
There is a gap for hospital services in Africa and property investors can benefit from this with healthcare real estate investment trusts, an expert says. A REIT is a company that owns, and in most cases operates, income-producing real estate. Large hospital owners like Netcare or Life Healthcare in South Africa could sell hospitals to a property manager who runs a healthcare REIT. The REIT would then lease them back. REITs provide investors with a liquid stake in real estate, special tax considerations and typically high-dividend yields. In more mature markets, healthcare REITs are often popular investments.
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.
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.
Dana Sanchez, 11:38 am
Occupancy at the Victoria Island hotel and casino fell to 42 percent. Sun International isn’t the first South African company to clash with Nigerian authorities. Telecoms group MTN got a record-breaking multi-billion dollar fine. Nigeria is already in recession and it’s going to last a long time, an economist predicts. This month, South Africa reclaimed from Nigeria the title of Africa’s biggest economy due to appreciation of the rand and devaluation of the naira.
Staff, 3:43 pm
It is highly likely that East African stock exchanges will increase their market capitalization in the medium to long term. Each lists stock in their respective local currencies, so a decline in currency value relative to hard currencies such as the USD or Euro could reduce gains to foreign investors. So buying opportunities may occur after currency depreciation events. However buyers should beware as global markets are becoming increasingly correlated.
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