The JSE is considering a range of measures to address the trend of delistings from the market, including simplifying the financial disclosure requirements. At the exchange’s 2022 annual general meeting last week, Chris Logan, a shareholder activist and the chief investment officer of Opportune Investments, posed a number of questions related to what the JSE […]
The Financial Services Tribunal has dismissed an application, with costs, by Overanet Investments to have the JSE reconsider its decision to refuse to cancel a share trade that, Overanet alleged, was entered into by mistake. On 21 April last year, portfolio management and investment services firm Gerobos placed an order, on behalf a client, to […]
The MSCI World Index had its worst start to the year since 2016, falling 5.3% month-on-month, as concerns over spiralling inflation and higher interest rates, and the tensions between Russia and Nato over Ukraine weighed on sentiment. At home, the FTSE/JSE All Share Index only just ended January in positive territory, with a 0.8% month-on-month […]
Financial markets were buoyed in 2021 by an easing of Covid-19-related restrictions, an ultra-accommodative monetary and fiscal policy stance and a rebounding jobs market, Momentum’s Herman van Papendorp, the head of investment research and asset allocation, and economist Sanisha Packirisamy, say in their review of developments in financial markets last year. Despite new Covid-19 variants […]
The Financial Services Tribunal has upheld the JSE’s directive that Namibia-based Trustco must restate its financial statements for the year to 31 March 2019 and its interim results to 30 September 2019, because they did not comply with the International Financial Reporting Standards (IFRS). The accounting “errors” pushed up Trustco’s profits by N$2.1 billion. The […]
Investors who invest in Satrix’s Capped All Share ETF, which is due to list on the JSE on 10 November, will pay no in-fund fees until the end of May next year. The new ETF, which will bring Satrix’s suite of ETFs to 23, aims to replicate the performance of the FTSE/JSE Capped All Share […]
In Allan Gray’s latest Quarterly Commentary, Tamryn Lamb, Allan Gray’s head of retail distribution, distilled some of the points discussed at the asset manager’s 2021 Investment Summit to answer the five key questions that financial advisers and their clients are asking. 1. South Africa’s macroeconomic situation seems dire – are there any green shoots of […]
The JSE has had a strong start to 2019 despite net foreign selling. What does that say about the sustainability of the gains? In a recent article on Moneyweb Patrick Cairns discusses the apparent contradiction between the JSE’s performance and foreign investor appetite and justifies it to two reasons: The first is that there must […]
The FSB confirmed that it is investigating unusual trading in foreign exchange futures contracts after receiving a report from the Johannesburg Stock Exchange (JSE). The Regulator’s Department for Market Abuse (DMA) is currently conducting an investigation into possible insider trading in certain foreign exchange futures contracts before the recall of former Finance Minister Pravin Gordhan […]
