Glencore starts trading in Johannesburg

Miner Trader Glencore Xstrata’s shares will start trading on the Johannesburg stock exchange from today, which its chief executive called “a significant step for Glencore”. This is a secondary listing for the firm, which already trades on the London Stock exchange. “It not only deepens our relationship with South Africa, it highlights our confidence in Africa as a place to invest,” said Ivan Glasenberg in an announcement yesterday. “We welcome our new stakeholders and look forward to building long-term mutually beneficial relationships with them.”