South African stockexchange operator JSE Ltd hopes to list an exchange-traded fund for platinum in2010 as it looks to tap growing demand for commodities. It added it was lookingto launch an Africa ETF in South Africa,with blue-chip companies from elsewhere on the continent, and was separatelyawaiting final regulatory approval for Block X, the first dark pool in Africa. JSE chief operating officer Leanne Parsons told Reuters its a few months away at least,even if the market conditions are right, but that she was hoping it would bethis year. The JSE reported a slip in 2009 profits in March, but has since hitrecord equity trading volumes due to market volatility and more foreigninterest in the countrys economy.
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more