97,744.15 -778.33 (-0.79%)| 1M | 3M | YTD | 1Y | 2Y |
| +0.86% | +6.73% | +16.23% | +19.39% | +24.29% |
Standard Bank, Africa’s leading bank in terms of assets volume, mobilized one billion dollars on the international capital market, an official release announced. The South African bank’s bonds were overwritten since initial demand was $600 million. The loan will mature in three years and its rate is 1.2% higher than that of inter-bank loans within the London stock market or Libor.
It’s official. The Johannesburg Stock Exchange (JSE) is no longer the only game in town. ZAR X announced on Wednesday that the Financial Services Board has granted it a stock exchange licence that enables the company to operate as such, providing a cheaper alternative to investors and companies looking to raise capital.
French household goods and electronics retailer, Darty, accepter cash offer that South African Johannesburg-based furniture retailer Steinhoff International made for its acquisition last March 18.
Anglo-South African services firm, Old mutual, plans to divide into four activity segments, Sky News reported on March 6.
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