South African Futures Exchange


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South African Futures Exchange (SAFEX)

Electronic futures and options exchange based in South Africa.

South African Futures Exchange

A branch of the Johannesburg Stock Exchange specializing in derivatives. Originally established in 1988 and owned by the JSE since 2001, the South African Futures Exchange consists of two main subdivisions, one for equity derivatives and one for agricultural derivatives. Both subdivisions offer a variety of investment vehicles, but the latter is well known for its futures contracts based on maize.
References in periodicals archive ?
The price of white corn, a staple food in southern Africa, has more than doubled on the South African Futures Exchange in the past year.
A long with the change to t he exchange's visual identity, brand names such as the Bond Exchange of South Africa (BESA) and the South African Futures Exchange (SAFEX) will fall away.
He started his career at the South African Futures Exchange (SAFEX), where he was the second employee.
In South Africa, since the early 1990s, the engagement of the banks, grain warehouses and silos as well as grain traders and millers has been supported by the South African Futures Exchange (Safex), now part of Johannesburg Stock Exchange.
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