South Africa is the most developed country in the African continent. With a population of about 48.0 million the country is rich in many mineral resources including gold, diamonds and platinum. The economy’s size is about $555.0 billion and mining is the largest industry. Investors looking to gain exposure to Africa are better off starting …
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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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The chart below shows the year total return of the South Africa FTSE/JSE All Share Index from 1926 to 2009: Click to enlarge Source: Alphen 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 …
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The 10 largest publicly-listed South African companies based on sales for 2009 that appear in the Forbes Global 2000 list for 2010 are listed below: [TABLE=576] Related ETF: iShares MSCI South Africa Index Fund (EZA)
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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