ICAP Africa Announce Jason Cape as their Head of Johannesburg Commodities Desk

We are pleased to announce the expansion of our commodities broking capabilities with the appointment of Jason Cape to head the Johannesburg commodities desk. This strategic hire comes at a pivotal moment for the African commodities sector, which is benefiting from a powerful alignment of factors: strong structural demand for critical minerals, improving macroeconomic fundamentals across key African economies, a continent-wide push toward local value addition, and the ongoing reconfiguration of global trade routes. These dynamics create a complex yet highly promising environment, one that demands the specialised expertise and market access a dedicated broking desk can provide. Our enhanced commodities offering is fully integrated, providing clients with access to physical commodities, storage and logistics solutions, trade finance, and insurance.

In addition to strengthening our core capabilities, we are excited to preview the imminent launch of our new FX and digital asset platform. Designed to offer deep liquidity and seamless execution, the platform will provide members with sophisticated tools to transact in and navigate the evolving currency and digital finance landscapes. Traditional FX liquidity combines with stablecoin pairs to offer cheaper and quicker transactions with the globally trusted brand of ICAP as your counterparty.

Alongside the FX platform we will launch convertibility indices to allow our clients to track the convertibility of African currencies. Similar to credit ratings these convertibility indices are based on clear and immutable methodologies and will be adjusted through real-time data to reflect changes in situation and policy and will allow corporate treasurers to make informed decisions about repatriating funds or investing in specific countries. We welcome questions and feedback.