Glencore listing ‘sends strong signal’, say fund managers
The secondary listing of Glencore Xstrata on the JSE on Wednesday will “send a powerful signal to the world” about South Africa as a destination for mining investment, say fund managers.
The listing will be the biggest on the JSE since the secondary listing of British American Tobacco (BAT) in 2008. Glencore will be the third-biggest company on the exchange after SABMiller and BAT, and will bring more diversity to the resources sector for investors.
Read more at: http://www.bdlive.co.za/business/mining/2013/11/10/glencore-listing-sends-strong-signal-say-fund-managers
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