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 ?
As full members of the Johannesburg Stock Exchange 28E Capital offer trading in all of the listed shares on the JSE and in all derivatives available on the South African Futures Exchange i.
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.
Grain prices, traded on the South African Futures Exchange, affect the price of milk, eggs, and bread.
Nicolas Berggruen, Chairman of Berggruen Holdings said: "Paul Kukubo and John Bosco Sebabi join an experienced team of Africa advisors, including Roderick Gravelet-Blondin, former General Manager of the Commodities Division of the South African Futures Exchange, and Stella Kilonzo, former Chief Executive of the Capital Markets Authority in Kenya.
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