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Rand on the back foot as strong dollar pushes unit above R12.30
April 24, 2018--The rand staged a mild comeback by mid-afternoon after the local unit took a beating from a stronger US dollar that firmed on the back of rising Treasury yields.
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Source: FIN24
JSE: Risk on or risk off, that is the question
April 23, 2018--The JSE opened the day firmer, with rand hedges leading the way as the dollar advanced against most major currencies, sending emerging markets and commodity prices spiralling lower.
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Source: FIN24
Rand pummelled to 3-month low on US asset and oil rally
April 23, 2018--The rand has lost more than 1% against the US dollar on the back of a rally in US assets and a spike in the oil price.
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Source: FIN24
Strong earnings give JSE a boost
April 20, 2018--This week's performance on the JSE can only be described as a rollercoaster ride, with gains in Steinhoff, Pick n Pay and Mediclinic among others mainly triggered by strong earnings released this week.
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Source: FIN24
Rand poised to hold its gains- analysts
April 20, 2018--The rand broke below the psychological R12/$ level this week and is expected to hold onto its gains.
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Source: FIN24
JSE volatile as geopolitics, economic data swing pendulum
April 19, 2018--The JSE has experienced another topsy-turvy day as the market opened firmer on the back of stronger earnings numbers, only to wither away in the latter half of the trading session.
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Source: FIN24
Resilient rand trades firmly under R12/$ on upbeat local data
April 19, 2018--The rand continued to trade under the R12/$ level, in the wake of healthy local retail sales data, better than expected local inflation data and broad emerging market strength.
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Source: FIN24
Economic Growth in Africa Rebounds, But Not Fast Enough
April 18, 2018--Sub-Saharan Africa's growth is projected to reach 3.1 percent in 2018, and to average 3.6 percent in 2019-20, says Africa's Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank, released today.
The growth forecasts are premised on expectations that oil and metals prices will remain stable, and that governments in the region will implement reforms to address macroeconomic imbalances and boost investment.
"Growth has rebounded in Sub-Saharan Africa, but not fast enough. We are still far from pre-crisis growth levels," said Albert G. Zeufack, World Bank Chief Economist for the Africa Region. "African Governments must speed up and deepen macroeconomic and structural reforms to achieve high and sustained levels of growth."
view the Africa's Pulse
April 2018
Source: World Bank
JSE struggles compared to peers
April 17, 2018--The JSE traded mostly weaker on Tuesday, as it struggled to emulate the higher moves recorded in European indices.
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Source: FIN24
Rand remains range-bound amid lack of data
April 17, 2018--The rand gained 10c against the dollar in early trade, but again weakened to trade near its opening price against the greenback shortly before noon.
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Source: FIN24
