In the past, forex trading was mainly viewed as a specialized, niche financial activity in Africa. However, that all has changed in recent years, with the market moving toward becoming much more mainstream across the country. People from all demographics are beginning to trade. Youths, business professionals, current students, and even retirees will regularly participate…
BluEnergy Trading, a subsidiary of JSE-listed Blue Label Telecoms, has been granted a multi-year energy trading licence by the National Energy Regulator of South Africa (Nersa). This landmark authorization allows the group, historically recognized for its prepaid airtime distribution and its majority stake in mobile operator Cell C, to officially buy and sell electricity. The…
Cell C has reported a R3.4-billion profit in its maiden results as a JSE-listed company, but the eye-catching number owes almost everything to a once-off balance sheet restructuring rather than underlying trading performance. The mobile operator, which listed on 27 November 2025 after a comprehensive debt-for-equity conversion, reported revenue of R5.7-billion for the six months…
Altron head office. (Source: Altron) JSE-listed Altron’s stock was up 8.4% by lunchtime today, after it said headline earnings per share (HEPS) would gain by at least 30% for its full 2026 year. The company, which marked its 60th birthday last April, notes in a trading update to shareholders that these figures are based on…
SwiftVEE co-founder and COO Christine van Breda and SwiftVEE co-founder and CEO Russel Luck. Online livestock trading platform SwiftVEE is planning to expand after concluding a Series A funding round from several funders. According to a statement, the new funding has helped the platform raise about R173 million in equity and funding instruments. Backers include…
Cell C’s share price moved sharply higher on its second day of trade on the JSE on Friday, closing 12.7% up at R31, as investors continued to digest the mobile operator’s long-awaited listing. Cell C Holdings listed on the JSE’s main board on Thursday under the share code “CCD” following a secondary share sale by…
The integration of cryptocurrencies into South Africa’s financial ecosystem is rapidly accelerating, marked by a significant new partnership: Discovery Bank has announced a deal with crypto platform Luno to allow its customers to trade digital assets directly online. Read: Valve unveils Steam Frame, a wireless standalone VR headset This move is the latest indication that…
Discovery Bank CEO Hylton Kallner Discovery Bank is adding the ability for its clients to trade in cryptocurrencies directly in its banking app. The launch on Thursday of the crypto facility follows the signing of a new agreement between Discovery Bank and crypto exchange operator Luno, which will serve as the bank’s partner for the…
JSE CIO Tebalo Tsaoeli Changing the JSE’s operating cycle from the current nine hours (9am-5pm on weekdays) to 24/7 trading would require changes to the local bourse’s operating model to account for the technological resources currently not available after hours, according to JSE CIO Tebalo Tsaoeli. Business Day in July reported (paywall) that the JSE…
The vast and dynamic economic landscape of Africa offers rich data that can transform trading strategies. Understanding economic indicators such as GDP growth and inflation rates is crucial for informed decision-making. These metrics, combined with analytical tools, empower traders to navigate complex markets with precision. The role of economic indicators in shaping trading decisions is…
