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NEWS FROM AFRICA'S 100 LARGEST LISTED COMPANIES

Africa by Sector

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Africa investor Ai40 Weekly Commentary – 27 March 2017

By David | March 27, 2017

Last week, the Ai40 Investor’s Index cooled down following significant upward movements that saw the Index reach a record high for 2017 in the previous week. Kenyan banking equities stole the show as they dominated the Gainers List. The Index was down marginally by 0.27 points, a drop of 0.28% from last week’s value of 94.33. The Index closed Friday at a value of 94.06. Read the rest of this entry »

Topics: Ai Press Office, All Sectors | No Comments »

African Project Developers’ Forum (APDF) launches Project Development Investment Benchmark Survey

By Staff Reporter | March 20, 2017

Johannesburg, South Africa; 20 March 2017: Today the Ai African Infrastructure Project Developers’ Forum (a group of over 200 infrastructure project developers working in Africa) announced the launch of its Project Development Finance and Investment Benchmark Survey initiative (I4PD Benchmark). Read the rest of this entry »

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Africa investor Ai40 Weekly Commentary – 20 March 2017

By David | March 20, 2017

As at Friday’s close last week, mining shares which had dragged the Ai40 Investor’s Index downward over the past two weeks, found some redemption as the “Three Anglos” were the top performers on the Index. South African equities took up four of the five spots on the Top Gainers list. The Index rose by an impressive 2.51 points; a gain of 2.7% from last week’s value of 91.82. The Index closed Friday at a value of 94.33.

On the global front, equity markets were hovering around record highs on Friday following an eventful week where the US Fed and China both raised rates; signalling growing confidence in a stronger global economy. Investors also anticipated the G20 meeting of finance and economic ministers in Germany over the weekend, where a key issue on watch was the US’s stance on trade. With two extra rate hikes expected this year in the US, government bonds and the dollar edged lower while stock markets posted a mixed performance on Friday as financial and health equities negatively impacted markets according to CNBC. Oil prices moved to close the week higher following a period where the commodity had touched lows last seen in November. On Friday, U.S.-traded crude oil traded at $49.04 a barrel.

At Friday’s close, the Dow Jones Industrial Average was in negative territory and lost 0.10%, or 19.93 points, to close at a value of 20,914.62. The Nasdaq Composite Index closed flat and ended the session at 5,901.00. The S&P 500 was down 0.13%, or 3.13 points, to close Friday on a value of 2,378.25. In Europe, France’s CAC 40 lost 0.1% to 5,007.66, while Germany’s DAX gained 1.1% to 12,028.09. Britain’s FTSE 100 was up 1.05% to 7,418.84.

Gainers
As mentioned above, South African stocks dominated the Top Gainers list last week; and the Three Anglos stole the show exhibiting some notable gains – considering these equities were all on the Losers List last week. Shares for Anglo American topped the list with a positive weekly price change of 13.2%. Anglo Platinum and AngloGold Ashanti also came in with hefty gains of 11.9% and 11.4% respectively. News broke last week that Indian billionaire Anil Agarwal would take on a 12% stake (valued at $2.5 billion) in Anglo American, sparking speculation of new M&A activity in the mining sector.

Johannesburg-listed MTN Group gained 8.5% as the new CEO, Rob Shuter took the helm last Monday. In Nigeria, Guaranty Trust Bank was up 7.6%.

Losers
On the other end of the spectrum, Telecom Egypt was down 5.2% as the state-owned landline company reported an 11% drop in 2016 net profits according to Reuters. Lagos-listed Zenith Bank posted a 4.2% drop over the week, despite ending “its 2016 operations with the strongest growth in revenue and profit in four years” according to The Cable in Nigeria. Stocks for Barclays Bank Kenya were trading 3.7% lower at Friday’s close and shares for building materials firm Lafarge, were down 3.4%.

Topics: Ai Press Office, All Sectors | No Comments »

Africa investor Ai40 Weekly Commentary – 13 March 2017

By David | March 13, 2017

As at Friday’s close last week, the Ai40 Investor’s Index recorded the third straight week of losses. In similar fashion to the previous week, mining stocks put a damper on the Index’s performance. Kenyan banking equities, however, posted impressive gains. The Index fell by a 1.11 points; a drop of 1.19% from last week’s value of 92.93. The Index closed Friday at a value of 91.82. Read the rest of this entry »

Topics: Ai Press Office, All Sectors | No Comments »

New ranking shows which SA banks contribute most to systemic risk

By Staff Reporter | March 9, 2017

Two students from UCT have designed South Africa’s first systemic risk ranking – which outlines what could happen in a financial crisis and identifies who is putting the system most at risk, and why.
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Topics: Ai Press Office, Banking & Finance | No Comments »

Africa investor Ai40 Weekly Commentary – 6 March 2017

By David | March 6, 2017

It was the second week of downward movement of the Ai40 Investor’s Index. Mining and oil & gas stocks dragged the index down while banking and telecoms equities were the top gainers. The Index fell by 40 basis points; a drop of 0.42% from last week’s value of 93.33. The index closed Friday at a value of 92.93. Read the rest of this entry »

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The state of African eCommerce analysed at the eCommerce MoneyAfrica Confex last week

By Staff Reporter | March 2, 2017

The 3rd Annual eCommerce MoneyAfrica Confex took place at the Cape Town International Convention Centre in Cape Town on 22nd and 23rd of February 2017.

The eCommerce MoneyAfrica main plenary sessions brought together some of the biggest leaders in the African eCommerce space. Opening talks from Google, Uber, AirBnb, and Forrester gave a grounded overview of where the digital space is leaning currently and where it is heading in the coming years. The opening panel discussion included industry leaders from Zando, Gumtree, Zoopashop (Ghana), and Criteo, which gave in-depth analysis of the current state of play in African eCommerce as well as the next steps ahead. Read the rest of this entry »

Topics: Ai Press Office, All Sectors | No Comments »


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