🇿🇦 Johannesburg Stock Exchange

Today Orion Minerals (JSE: ORN), an Australian base metals firm with an active exploration and development programme in South Africa, listed in the Gold Mining sector on the Main Board of the Johannesburg Stock Exchange (JSE). The company is the 13th to list on the bourse this year.

The Johannesburg Stock Exchange (JSE) now offers investors an even wider range of products which give investors exposure to global markets with the listing of three new Satrix exchange traded funds (ETFs). The new ETFs will track the MSCI World index, MSCI Emerging Markets Investable Market Index and the S&P 500®.

Heriot REIT Limited (JSE:HET) listed in the Real Estate sector on the JSE’s AltX board as a Real Estate Investment Trust. Heriot is a property holding and investment company that is invested in industrial, retail, residential, specialised and commercial properties in South Africa. Heriot is the 11th company to list on the JSE this year.

Moody's Investors Service, ("Moody's") has yesterday downgraded to Baa3 (negative outlook) from Baa2 (Rating Under Review outlook), the long-term local- and foreign-currency deposit ratings of the five largest South African banks: The Standard Bank of South Africa Limited, FirstRand Bank Limited, Absa Bank Limited, Nedbank Limited, and Investec Bank Ltd.. The rating agency has also downgraded Standard Bank Group Limited's long-term local- and foreign-currency issuer ratings to Ba1 from Baa3, and affirmed all banks' national scale ratings. A full list of the banks' ratings affected by today's rating action is at the end of this press release.