South Africa’s Standard Bank Group Starts Sponsored ADR Program

South Africa-based Standard Bank Group has established a sponsored American Depositary Receipt (ADR) program effective September 28, 2012 with the ticker SGBLY. Earlier the company traded as an unsponsored DR on the OTC market. From the BNY Mellon press release: Founded in 1862 and headquartered in Johannesburg, Standard Bank Group is the largest African bank by assets and …

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South Africa FTSE/JSE All Share Index: Historical Total Returns Chart

The chart below shows the year total return of the South Africa FTSE/JSE All Share Index from 1926 to 2009: Source: Alpha Asset Management, South Africa In 2008, the index was down over 30% but up over 40% last year. Since 2000, the index made gains in all years except 2002 and 2008. Riding the …

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The Performance of South African ADRs YTD

Six South African companies trade on the organized US exchanges. Four of them are mining companies. Of the other two, Sasol is in the oil and gas industry and Sappi is in the forestry and paper industry. The Year-To-Date Performance of South African ADRs are as follows: AngloGold Ashanti (AU) YTD Change: 48% Gold Fields …

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