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.
AFK Stock Showdown: Latest News
Peter Pedroncelli, 6:24 am
South African IT firm Datatec has completed the sale of U.S. subsidiary Westcon-Comstor’s operations in North America and Latin America, as well as 10 percent of Westcon-Comstor to Fortune 500 company SYNNEX. The deal could be worth up to $830 million, with $630 million paid in cash and up to $200 million payable as a cash earn-out, subject to Westcon Americas meeting pre-approved gross profit performance targets.
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, 5:45 am
This week Vodacom Tanzania completed the largest initial public offering ever seen on the Dar es Salaam Stock Exchange (DSE) in its 19 years of existence. Vodacom raised $219 million for the listing, becoming the first to comply with new regulatory changes requiring telecoms companies in the country to list at least 25 percent on the Dar es Salaam Stock Exchange
Peter Pedroncelli, 5:44 am
The London Stock Exchange has committed to raising capital for Kenya’s energy industry, with the first ever memorandum of understanding signed between the London bourse and the East African government. The agreement was signed by Charles Keter, Kenyan cabinet secretary for energy and petroleum, and Nikhil Rathi, chief executive officer, London Stock Exchange plc. The memorandum sets out the commitment from both sides regarding the raising of funds to benefit the country’s energy industry, through public market equity and debt listings.
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.
Ryan Hoover, 2:28 pm AFKI Original
It’s time for the AFKI Africa Stock Showdown, the contest that pits two similar African companies against each another to determine which boasts the best combination of profitability, growth and value.
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