South African Futures Exchange

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South African Futures Exchange (SAFEX)

Electronic futures and options exchange based in South Africa.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
He also noted that BAMB used the South African Futures Exchange (SAFEX) to set producer buying or selling prices in parity with imports as a benchmark.
Grain stock only enough up to July
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.
Why the South African rand is falling
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.
African grain markets
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