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The prospect of South Africa's first coalition government of the post-apartheid era is likely to keep markets jittery for months, but the weakened ANC party could soothe some nerves by seeking a ...
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The discovery of gold on the Witwatersrand in 1886 led to many mining and financial companies opening and a need soon arose for a stock exchange. The first share transactions on the Rand took place in a rustic canvas tent, with trade taking place on Sundays, as this was the only day when mining was not allowed, owing to a strictly enforced regulation prohibiting the entry of African workers to ...
Business Africa: Weekly 8-minute roundup on business news and markets in Africa and worldwide, live Thursday nights at 8:15 (with repeats till 11:15 then Friday lunchtime and weekend); Football Planet: Weekly 10-minute roundup on football news in Africa and Europe, live Monday nights at 8:15 (with repeats till 11:15 then Tuesday lunchtime);
According to a December 2010 article by the South African Government Communication and Information System's now-defunct BuaNews news service, South Africa was said to compare well to other emerging markets on affordability and availability of capital, financial market sophistication, business tax rates and infrastructure, but to fare poorly on ...
There are 29 exchanges in Africa, representing 38 nations' capital markets. 21 of the 29 stock exchanges in Africa are members of the African Securities Exchanges Association (ASEA). ASEA members are indicated below by an asterisk (*). The Egyptian Exchange (EGX), founded in 1883, is the oldest stock exchange in Africa.
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In 2018, South Africa exported and imported goods to and from the rest of Africa to the value of US$25 billion and US$11.5 billion, respectively. Intra-Africa exports account for 26% of South Africa's total exports and imports for 12% of total imports for 2018. South African exports to the rest of Africa are predominantly of value-added goods.