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South African bonds are posting the best returns in emerging markets this month as yields among the highest for similarly rated nations lure foreign buyers amid signs inflation is slowing.
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HBW Group Pty Ltd., a South African real-estate developer, plans to raise $85 million by selling shares in an African property fund as retailers look for land to expand in the world’s second-fastest growing region.
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Bloomberg BNA -- A group of investors April 8 proposed a standard requiring companies to disclose environmental and social data in annual financial filings in order to be listed on global stock exchanges.
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Gold Fields Ltd. said it was forced to shut its Ghana operations after illegal strikes, shutting more than 40 percent of the South African miner’s output.
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Konsortium Holdings is selling 500 million rand ($54 million) of shares as the South African company plans to capture 20 percent of the country’s merino- sheep market by 2022.
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South African bonds face the risk of a sell-off by foreign investors as the rand’s plunge dims the allure of the nation’s debt, according to Societe Generale SA.
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JSE Ltd., which operates the Johannesburg Stock Exchange, said full-year profit fell 12 percent on lower trading revenue even as the group moved its trading platform back to South Africa from London.
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South African derivatives clearing members and the Johannesburg Stock Exchange will set aside 500 million rand ($54 million) for a fund aimed at protecting banks from possible defaults.
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Kenya’s currency is trading at its highest level in 10 weeks and stocks are rallying as investors bet the East African nation will avoid a repeat of the prolonged violence that followed 2007 elections in today’s vote.
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JSE Ltd. , the Johannesburg-based operator of Africa’s largest bond and stock exchanges, will urge policy makers on the continent to link their bourses electronically to boost trading volumes.
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