🇿🇦 Johannesburg Stock Exchange

African Bank is pleased to announce that it is the successful bidder to acquire the majority of Ubank’s disclosed assets and liabilities and take on its employees on a going concern basis on the closing of the Proposed Transaction.

Shares in the 1nvest MSCI Emerging Markets Asia Index Feeder ETF began trading today on the Johannesburg Stock Exchange (JSE), giving South African investors exposure and access to eight fast-growing Asian emerging markets.

The JSE delivered a strong performance in the first half of 2022 driven by revenue growth across all segments and disciplined cost management. Earnings before interest tax depreciation and amortisation (EBITDA) increased by 20% to R627 million, with the EBITDA margin improving from 42% to 45% in the corresponding period in 2021. Headline earnings per share (HEPS) increased by 29% year-on-year (YoY) to 542.7 cents per share.  The JSE’s core business model, underpinned by quality earnings and strong cash generation, continues to provide a solid foundation for growth.

Today, South African investors will have an opportunity to get exposure to an Exchange Traded Fund (ETF) that invests in socially responsible large and mid-cap companies operating across 23 developed markets. This is after 1nvest, a specialist index fund manager, listed the 1nvest MSCI World Socially Responsible Investment Index Feeder ETF (ETFSRI) on the Johannesburg Stock Exchange (JSE). The ETF tracks the performance of the MSCI World SRI Select Reduced Fossil Fuels Index by investing in the iShares MSCI World SRI UCITS ETF.