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Nigeria Exits Recession and Looks Beyond Oil
March 7, 2018--Nigeria's economy is picking up according to the IMF's latest economic review. Growth hit 0.8 percent in 2017 after contracting by 1.6 percent in 2016.
The report attributes the increase-in part-to the recent recovery in oil prices. But as the country emerges from recession, the IMF's Amine Mati says following through on planned reforms regardless of oil price swings and upcoming elections, is key to lifting Nigeria's growth rates to where they should be. Mati heads the IMF team for Nigeria and oversaw this latest economic assessment.
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Source: IMF
JSE soars as GDP beats estimates
March 6, 2018--The JSE jumped on Tuesday after South African GDP data released by Stats SA came in higher than market estimates.
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Source: FIN24
Stronger GDP figures lift rand
March 6, 2018--The rand has strengthened by 8 cents to the dollar after Statistics SA announced that the country's 2017 GDP growth was stronger than predicted.
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Source: FIN24
IMF Working Papers-Economic Fluctuations in Sub-Saharan Africa
March 5, 2018--Summary:
We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-à-vis the rest of the world. Our main results are as follows: (i) African economies stand out by their macroeconomic volatility, which is is reflected in the volatility of output and other macro variables; (ii) inflation and output tend to be negatively correlated;
(iii) unlike advanced economies and emerging markets (EMs), trade balances and current accounts are acyclical in SSA; (iv) the volatility of consumption and investment relative to GDP is larger than in other countries; (v) the cyclicality of consumption and investment is smaller than in advanced economies and EMs; (vi) there is little comovement between consumption and investment; (vii) consumption and investment are strongly positively correlated with imports.
view the IMF Working Papers-Economic Fluctuations in Sub-Saharan Africa
Source: IMF
Rand to test above R12/$
March 5, 2018--Uncertainty around land reform and global factors will dominate the rand this week, say experts.
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Source: FIN24
JSE manages to close firmer after sluggish start
March 5, 2018--The JSE ended the day firmer on Monday following a sluggish start which saw it trade briefly in the red.
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Source: FIN24
Equity markets jittery ahead of Powell's speech
March 1, 2018--The JSE and European equity markets were on edge ahead of the US Fed chair Jerome Powell's speech at Congress.
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Source: FIN24
Rand corrects on SA land issues and global factors
March 1, 2018--As global factors set in the local currency is on a path of correction, following a recent rally on the back of political developments.
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Source: FIN24
Rand stable as markets digest Ramaphosa reshuffle
February 27, 2018--The rand has remained steady in early trade, with analysts saying markets have largely anticipated a major Cabinet reshuffle by President Cyril Ramaphosa.
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Source: FIN24
JSE buoyed by financials and retailers
February 27, 2018--Local equity markets closed firmer on Tuesday as retail and financial stocks led gains on the JSE.
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Source: FIN24
