11 Sep. The importance and development of sound Financial Market Infrastructures to position South Africa in SADC, BRICS and Worldwide”. Address by Deputy Governor Daniel Mminele at the SWIFT Business Forum, Johannesburg, September 2012. Introduction … Why is BRICS important? … The importance of Financial Market Infrastructure I will now turn to the topic of … Continue reading
02 Aug. Move to regulate hedge funds in SA. Industry task team recommends two regulatory models for the South African hedge fund industry. Hedge funds are finally coming out from the shadows, with an industry task group recommending that two regulated products, “lite” and “heavy” versions, be created for the South African market space. The … Continue reading
24 Jan. Nedbank Weekly Economic Monitor: Review of 16 to 20 and preview of 23 to 27 January 2012. Equity markets were firmer on positive earnings reports and increased optimism about the Eurozone. Chinese economic growth slowed in the fourth quarter, tempering worries about a possible hard landing for the world’s second largest economy. The … Continue reading
The global risks identified by the World Economic Forum of economic imbalances and social inequality are mirrored in SA, as these two risks find their statistical and pictorial counterparts in the fact that SA has one of the highest Gini coefficients. The global risks identified by the World Economic Forum of economic imbalances and social … Continue reading
The sovereign debt crisis in Europe has prompted extreme levels of volatility in stock exchanges around the world. Emerging markets had experienced greater levels of financial market volatility than “countries that are the source of the problem”, Finance Minister Pravin Gordhan said. At the annual meeting of the World Federation of Exchanges (WFE) in Sandton, … Continue reading
06 Oct. Unions join Wall Street protests. Labour unions including nurses and transit workers planned to join an anti-Wall Street march on Wednesday through New York’s financial district, and some college students walked out of classes in solidarity with the growing protest movement. The American Federation of State County and Municipal Employees, Communications Workers of … Continue reading
20 Sep. JSE soon to host the general assembly of world exchanges. As the JSE prepares to host the 51st general assembly and annual meeting of the World Federation of Exchanges (WFE) in Johannesburg next month, South Africa can be proud of the status and quality of the financial institution that will welcome the delegates. … Continue reading
Understanding South African Financial Markets By Cecilia van Zyl; Ziets Botha; Peter Skerritt; Ingrid Goodspeed, 3rd edition, 2009 The South African financial markets comprise a range of activities, participants and instruments. Conceptually, they are concerned with two principal sets of activities: the transfer and trading of money or other financial claims, and the transfer and … Continue reading
19 Aug. European shares posted steep falls yesterday led by another big drop of stocks in Frankfurt after a slump in stocks across Asia. Europe’s benchmark Euro Stoxx 600 index was down 1.99 percent at 233.32 points in late morning trade as losses began to mount up across the region’s leading bourses. Leading the falls … Continue reading
Treasury director- general Lungisa Fuzile says authorities in SA are ready to “intervene” to offset fallout from the latest bout of global market turmoil. Authorities in SA were ready to “intervene” to offset fallout from the latest bout of global market turmoil, Treasury director- general Lungisa Fuzile said on Monday. “We are constantly monitoring events, … Continue reading