S&P Dow Jones Indices (S&P DJI) made a commitment in 2014 to expand its fixed income coverage to Africa. The index development process started with a series of sovereign bond indices designed to represent and measure performance within the region. The S&P Africa Sovereign Bond Index seeks to track the performance of local currency-denominated sovereign bonds from 13 countries within Africa. The index series also includes a benchmark of hard currency bonds issued in U.S. dollars, euros, and Japanese yen, as represented by the S&P Africa Hard Currency Sovereign Bond Index.
As a subindex of the S&P Africa Sovereign Bond Index, the S&P South Africa Sovereign Bond Index is designed to track the performance of ZAR-denominated sovereign debt publicly issued by the South African government.
S&P DJI also developed the S&P South Africa Sovereign Inflation-Linked Bond Index, which is a subindex of the S&P Global Emerging Sovereign Inflation-Linked Bond Index.
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What details are available for these indices?
S&P DJI builds indices with transparency in mind. These indices aim to make opaque fixed income information more transparent by providing bond-level information in addition to the index-level performance measurements. Our reports are informative, insightful, and organized in order to provide efficiency, in addition to being a tool for investment performance measurement.
The S&P South Africa Sovereign Bond IndexThe S&P South Africa Sovereign Bond Index seeks to track the performance of South African rand-denominated sovereign debt publicly issued by the government of South Africa in its domestic market.
