Terms & Conditions

PLEASE READ THESE TERMS OF USE CAREFULLY BEFORE USING THIS WEB SITE

This Web Page details the terms of a legal agreement (the "Terms of Use") between you and Nex Rubica Capital ("NR Group). By accessing this Web Site, currently located at www.nexrubica.com, you acknowledge that you have read and understood the Terms of Use and, having read and understood the Terms of Use, you voluntarily agree to be bound by the Terms of Use. You also agree to comply with all laws and regulations applicable to the use of this Web Site, the use of the Internet, and to the activities involved in using this Web Site. If you do not agree with these Terms of Use, then do not use this Web Site.

Use of Web Site

You will not access this Web Site through any medium or equipment that NR Group has not authorized in writing. In addition, you will not in connection with your use of this Web Site: (a) violate any applicable local, state, national or international law, statute, ordinance, rule or regulation, including without limitation those relating to competition or antitrust; (b) interfere with or disrupt the computer networks of NR Group or attempt to do so; (c) forge headers or in any manner manipulate identifiers in order to disguise the origin of any information; (d) upload, post, transmit, publish, or distribute any material that infringes, violates, breaches or otherwise contravenes the rights of NR Group or any third party, including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary right; (e) interfere with or disrupt the use of the Web Site by any other customer or user; (f) use or attempt to use the Web Site or any information in any manner not permitted or in such a manner as to gain unauthorized entry or access to the computer systems of any other person or entity; or (g) upload, post, transmit, publish or distribute any material or information that constitutes or encourages conduct that would constitute a criminal offense, give rise to other liability, or otherwise violate applicable law.

Laws and Regulations: User access to and use of this Web Site is subject to all applicable international, Intellectual Property/Restrictions

The materials, data, and other information used and displayed on the Web Site, including but not limited to data, text, software, graphics, illustrations and artwork, and names, logos, trademarks, service marks and all other materials (collectively, "Information") are the property of NR Group or its licensors and are protected by copyright, trademark and other laws. ALL RIGHTS ARE RESERVED. In addition to NR Group and its licensors' and suppliers' rights in individual elements of the content with the Web Site, NR Group own a copyright in the selection, coordination, arrangement and enhancement of such content. The Web Site contains Information that is highly proprietary in nature and copying, transfer or use may cause NR Group or its affiliates, agents, information providers, and licensors irreparable injury that cannot be adequately compensated for by means of monetary damages.

Without in any manner limiting the terms and conditions of the Data Services Agreement, you acknowledge that you are expressly prohibited from distributing, transferring, sub-licensing, renting, lending, transmitting, selling, re-circulating, assigning, leasing, reselling, publishing or otherwise distributing, transferring or making available all or any portion of the Information, by whatever means to any other person or entity.

Confidentiality

This work is an unpublished, copyrighted work and contains confidential information. Only authorized users are permitted to access this work. Any unauthorized use, disclosure, reproduction or dissemination, in full or in part, in any media or by any means, without the prior written permission of NR Group will subject the unauthorized party to civil and criminal penalties.

Limitations on Liability

Without in any manner limiting the terms of the Data Services Agreement, please note that:

NEITHER NR INDEXES & RATINGS LLP, NEX RUBICA, ITS AFFILIATES NOR ANY DATA PROVIDER OR OTHER PERSON OR ENTITY MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE ATTAINED BY SUBSCRIBER OR OTHERS FROM THE USE OF THE WEB SITE, AND THERE ARE NO EXPRESS OR IMPLIED WARRANTIES OF CONDITION OF QUALITY OR ANY EXPRESS OR IMPLIED WARRANTY OF TITLE, NON-INFRINGEMENT, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. BY USE OF THIS WEB SITE, YOU ACKNOWLEDGE THAT YOU HAVE NOT RELIED UPON ANY WARRANTY, GUARANTY OR REPRESENTATION MADE BY NR INDEXES OR ANY OTHER PERSON OR ENTITY.

NEITHER NR INDEXES RATINGS LLP, NEX RUBICA, ITS AFFILIATES NOR ANY OTHER PERSON OR ENTITY SHALL IN ANY WAY BE LIABLE TO THE USER OF THIS WEB SITE OR ANY CLIENT OF SUCH USER FOR ANY INACCURACIES, ERRORS OR OMISSIONS, REGARDLESS OF CAUSE, IN THE DATA, SERVICES OR ANY OTHER INFORMATION AVAILABLE ON THIS WEB SITE OR FOR ANY DAMAGES (WHETHER DIRECT OR INDIRECT) RESULTING THEREFROM. UNDER NO CIRCUMSTANCES WILL NR INDEXES & RATINGS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR LOST PROFITS DAMAGES WITH RESPECT TO THE USE OF THIS WEB SITE OR THE INFORMATION AVAILABLE HEREIN, REGARDLESS OF WHETHER SUCH DAMAGES COULD HAVE BEEN FORESEEN OR PREVENTED.

Links

NR Group may provide links to other sites. Such sites are not under the control of NR IGroup, and Nex Rubica has no liability and makes no representations whatsoever concerning the content of those sites. These Terms of Use govern only our own Web Site. Unless we expressly state otherwise, the fact that NR Group has provided a link to a site is not an endorsement, authorization, sponsorship, or affiliation with respect to such site, its owners, or its providers.

Jurisdiction and Governing Law

NR Indexes & Ratings operates and controls this Web Site from its offices in the United Kingdom. Your access to and use of this Web Site are governed by and will be construed in accordance with laws of England, United Kingdom, without regard to the principles of conflicts of laws of other jurisdictions. NR Indexes & Ratings makes no representation that the content in this Web Site is appropriate for access outside of the United Kingdom. If you choose to access this Web Site from outside the United Kingdom, you do so on your own initiative and are responsible for compliance with local laws.

Changes in Terms of Use

NR Group serves the right to change any or all of their Terms of Use at any time, for any reason or without reason. Your use of this Web Site following any change in the Terms of Use will constitute your agreement to be bound by the new Terms.

Disclaimer

Information contained herein is based on data obtained from recognised statistical services, issuer reports or communication, or other sources, believed to be reliable. However, such information has not been verified by NR Group we do not make any representation as to its accuracy or completeness. Any statements non factual in nature constitute only current opinions, which are subject to change. NR Group has no knowledge of any material conflict of interest involving the companies in this report and the firm.

ETF NAV

TICKER | CCY | NAV | CHG
CEGX | ZAR | 95.4 | +12%
GXAFR | USD | 33.3 | -10%

In the Press & Commentary

(NR Capital) Apr 2017 - African Business Magazine: Why the smart money is heading for African infrastructure

(NR Capital) Jun 2016 - CNBC: The state of infrastructurre developement in Senegal

(NR Capital) Nov 2013 - Nex Rubica Capital presents at the Thomson Reuters 3rd Annual Tradng Africa Summit in Cape Town, South Africa

(NR Capital) Nov 2013 - Nex Rubica Capital panelist at the Inaugural of South African Competiveness Forum an Initiative by Brand South Africa

(NR Capital) Sep 2013 - Triple A Frontier Investments & South African Petroleum Industry Assosiaction Funding Workshop supported by Nex Rubica Capital (Pty) South Africa

(NR Capital) Aug 2013 - Elidata signs with Nex Rubica Capital as Product Partner for Africa Strategy

(NR Capital) Jun 2013 - Nex Rubica Capital presents at the South African Suppliers Diversity Council: 2013 Synergy Conference and Business Opportunity Fair.

(NR Capital) May 2013 -  Nex Rubica Capital joins the Africa panel at The Exporta 5th Annual Trade & Commodity Finance Conference

(NR Indexes) Mar 2012 - Nex Rubica Capital acquires NR Indexes & Ratings LLP

(NR Capital) Jun 2011 - CNBC Africa - Regional Business Roundup on African capital markets

(NR Indexes) Feb 2011: Country Brief: Egyptian Market Highlights 

(NR Capital) Jan 2011 : Deep Impact in Nigeria's Financial Markets

(NR Indexes) Jan 2010: - Electronic Trading Sweeps Africa

NR Indexes: Sep 2008 - Kenya Firms among top performers in Nex Rubica’s African Equity Capital Markets Review

Benchmark Commentary: With the Egyptian Stock Exchange (EGX) still closed, the North African constituent of the NR Africa Top 40 and NR Africa Mid 45 became more sensitive to volatility in the Sub Saharan markets. Nigeria being the major driver in the Top 40 index dropped by -1.4% over the week. Increased price volatility in the Nigerian Banking sector saw more casualties with First Bank, Zenith Bank and Guaranty Trust Bank all losing ground as investors hastily bought shares following the coming M&A activity in the sector. Kenya remained the best performing country in the Top 40 with Telcoms reporting positive numbers of about 5.5% up from last week.

The NR Africa Top 40 saw $118,56mio worth of shares traded this week with liquidity levels on the Benchmark moving up to 0.1% from a year to date high of 0.6%. The NR Africa Mid 45 was less volatile dropping -17.9712 points over the week an equivalent of $31mio. Morocco was the major country looser as it dropped by -2.1% and Industrials by -0.9%. Kenyan stocks dominated the Top 5 list with Mumias Sugar and NIC Bank breaking through this week.

Index Rebalancing Week: The NR Africa Top 40 saw El Ezz Alexandria (Egypt) exit the basket, replaced by Suez Cement (Egypt).

 

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