Monday, August 8, 2022
  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Login
  • Register
  • Home
  • News
  • Economy
  • Columns
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    GU clinches P3m Sponsorship Deal with Bank Gaborone

    GU clinches P3m Sponsorship Deal with Bank Gaborone

    Less Rewards for The Mares after Historic WAFCON Feat

    Less Rewards for The Mares after Historic WAFCON Feat

    Sponsorship offers pour in for Botswana’s World Athletics U-20 Heroes

    BAA targets Four Medals at World Athletics U20 Champs

    Orange Phikwe Marathon attracts Int’l Runners

    Orange Phikwe Marathon attracts Int’l Runners

    Darts in financial doldrums ahead of regional tourney

    Darts in financial doldrums ahead of regional tourney

    ‘Amos did not communicate with us on his intention to go solo’- BAA

    Athletics is oozing with confidence ahead of Int’l competitions

    Trending Tags

    No Result
    View All Result
    • Home
    • News
    • Economy
    • Columns
    • Companies & Markets
    • In Business With
    • Lifestyle
      • Motoring
    • Sports
      GU clinches P3m Sponsorship Deal with Bank Gaborone

      GU clinches P3m Sponsorship Deal with Bank Gaborone

      Less Rewards for The Mares after Historic WAFCON Feat

      Less Rewards for The Mares after Historic WAFCON Feat

      Sponsorship offers pour in for Botswana’s World Athletics U-20 Heroes

      BAA targets Four Medals at World Athletics U20 Champs

      Orange Phikwe Marathon attracts Int’l Runners

      Orange Phikwe Marathon attracts Int’l Runners

      Darts in financial doldrums ahead of regional tourney

      Darts in financial doldrums ahead of regional tourney

      ‘Amos did not communicate with us on his intention to go solo’- BAA

      Athletics is oozing with confidence ahead of Int’l competitions

      Trending Tags

      No Result
      View All Result
      The Business Weekly & Review
      No Result
      View All Result
      Home Companies & Markets

      Absa expands options of investing in precious metal in Africa

      After introducing the NewGold and NewPlat exchange-traded funds (ETFs) on the Botswana Stock Exchange, Absa is expanded the precious metal investment options this week on BSE by listing NewPalladium ETF. 

      mm by Baboloki Meekwane
      November 29, 2021
      in Companies & Markets
      Reading Time: 2 mins read
      0
      Absa expands options of investing in precious metal in Africa
      0
      SHARES
      47
      VIEWS
      Share on FacebookShare on Twitter

      NewPalladium was first listed on the ETF sector of the Johannesburg Stock Exchange on 27 March 2014 and has since been secondary listed on the Namibia Stock Exchange. It tracks the palladium price and enables investors to invest in a listed instrument (structured as a debenture) in which each security is equivalent to approximately 1/100 ounces of real palladium held in a secured stockpile in custody with global custodian ICBC in London UK. 

      Since launch, NewPalladium has grown to over R400 million assets under management due to its healthy returns and investor appetite. It is now the third precious metal in South Africa, Namibia and Botswana through which institutional and retail investors can securely invest directly in palladium bullion, with the added benefit of minimal administrative fees.

      The Southern African Development Community (SADC) is home to some of the world’s best precious metals and stones and is one of the largest exporters of the minerals to the global market. Introducing another precious metal ETF in another African country is strengthening the support for local resources on the continent, the bank believes. 

      “It’s Absa’s belief that a good economy requires a vibrant capital market underpinned by innovative financial products,” says Cynthia Morapedi, Finance Director at Absa Bank Botswana. “Absa has set a very good foundation in listing such products in various African markets by using products that are indigenous and precious to the SADC (region) as the basis of the tools developed to deepen the African markets,” ETFs are among the fastest growing investment funds in major markets across the world. In addition, their attractiveness lies in their low costs, tax efficiency and stock-like features. In 2021, ETFs globally reached over US$9trillion in assets under management. “This shows that more and more investors are using ETFs in their investment portfolios to complement existing investment strategies,” says Morapedi. “We believe the introduction of alternative investments such as the precious metals funds using ETFs will increase investor confidence to look beyond traditional asset classes and consider the richness of our African continent when choosing asset classes to invest in.”

       

      Tags: Absa Bank BotswanaCynthia MorapediJohannesburg Stock ExchangeNamibia Stock ExchangeNewPalladium ETFPrecious metalSouthern African Development Community

      Navigation

      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports

      Recent News

      • Sub-Saharan Africa: high inflation continues to constrain economic activity
      • East Africa: WHO appeals for US$123.7m
      • Transport costs drive inflation to 12.7 %
      • Botswana Trade Mission in Southern Germany for BIOFACH AND VIVANESS 2022
      • Turnstar appoints new directors

      Site

      • About
      • Advertise
      • Privacy Policy
      • Cookie Policy
      • Contact

      © 2021 The Business Weekly & Review. All Rights Reserved.

      No Result
      View All Result
      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports

      © 2021 The Business Weekly & Review. All Rights Reserved.

      Welcome Back!

      Login to your account below

      Forgotten Password? Sign Up

      Create New Account!

      Fill the forms below to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Are you sure want to unlock this post?
      Unlock left : 0
      Are you sure want to cancel subscription?