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IMF-Mission Concluding Statement-South Africa
June 12, 2018--A challenging outlook
South Africa's potential is significant, yet growth over the past five years has not benefitted from the global recovery. The economy is globally positioned, sophisticated, and diversified, and several sectors-agribusiness, mining, manufacturing, and services-have capacity for expansion
Combined with strong institutions and a young workforce, opportunities are vast. However, several constraints have held growth back. Policy uncertainty and a regulatory environment not conducive to private investment have resulted in GDP growth rates that have not kept up with those of population growth, reducing income per capita, and hurting disproportionately the poor.
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Source: IMF
Markets flat after muted trading session
June 11, 2018--The JSE closed flat on Monday after a relatively muted trading session.
June 11, 2018--The rand has been weakening over the past week, but the exchange rate would have been markedly worse without the 'Ramaphosa Presidency effect'.
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Source: FIN24
Rand tumbles as emerging markets sell-off continues
June 8, 2018--The JSE closed weaker on Friday, as emerging market currencies led by the rand tumbled against the greenback.
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Source: FIN24
Rand slumps 4% against dollar in two days
June 8, 2018--Rand losses over the past two days underline how quickly emerging market currencies can unwind in unfavourable conditions, according to analysts.
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Source: FIN24
Rand takes a knock as JSE closes in the green
June 7, 2018--The JSE closed firmer for a second consecutive session as rand hedge stocks extended their gains on the back of a weaker local unit.
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Source: FIN24
Rand continues GDP--induced losing streak
June 6, 2018--The rand has continued its losing streak, trading above R12.80 to the US dollar following disappointing local GDP data.
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Source: FIN24
Local stocks slide as SA GDP disappoints
June 5, 2018--The JSE was dragged lower on Tuesday, as South African GDP data released by Statistics SA missed most analysts' expectations.
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Source: FIN24
Rand falls as weak GDP data catches market off guard
June 5, 2018--The local currency lost 12c to the dollar after Stats SA announced that SA's quarter-on-quarter GDP had fallen by 2.2%.
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Source: FIN24
South Africa suffers worst quarterly contraction in almost a decade
June 5, 2018--South Africa's economy suffered its biggest quarterly contraction in almost a decade in the first three months of the year, underlining the daunting challenge confronting president Cyril Ramaphosa's bid to..
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Source: FT.com
