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African Development Bank launches the 2018 Edition of the African Economic Outlook-Flagship report to highlight state of socio-economic performance, outlook and progress in 54 African countries
January 18, 2018--HIGHLIGHTS
PART I: MACROECONOMIC DEVELOPMENTS AND STRUCTURAL CHANGE
African economies have been resilient: Real output is up, reflecting
generally good macroeconomic policies, progress in structural reforms
(especially in infrastructure development), and generally sensible policy frameworks.
Global and domestic shocks in 2016 slowed the pace of growth in Africa, but signs of
recovery were already manifest in 2017. Real output growth is estimated to have increased
3.6 percent in 2017, up from 2.2 percent in 2016, and to accelerate to 4.1 percent in 2018 and
2019. Overall, the recovery in growth has been faster than envisaged, especially among
non-resource–intensive economies, underscoring Africa's resilience.
view the African Development Bank 2018 Edition of the African Economic Outlook
Source: African Development Bank
Rand continues 2018 rally, as Kganyago sounds note of caution
January 18, 2018--The local currency has strengthened to R12.10 to the US dollar, an exchange rate last seen in June 2015.
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Source: FIN24
JSE climbs higher as rand sensitives continue to perform
January 17, 2018--Retail and financial stocks lifted the JSE on Wednesday as they recorded another day of gains.
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Source: FIN24
Financials rally on back of a firmer rand
January 16, 2018--The JSE tracked higher on Tuesday as the rand propelled financial stocks higher.
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Source: FIN24
Rand briefly touches three-year high as dollar on back foot
January 16, 2018--The rand has broken below the R12.30/$ level and even tested R12.20 to the greenback, although there is no clear reason for its sudden surge except the impact of the weaker dollar.
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Source: FIN24
Miners lead the JSE higher
January 15, 2018--The JSE closed firmer on Monday as miners led the way on the back of firmer commodity prices.
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Source: FIN24
Rand shows strength ahead of interest rate decision
January 15, 2018--The rand has been hovering around R12.36 to the dollar due to the US currency being on the back foot across the board owing to strong commodity prices.
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Source: FIN24
JSE reviewing day of volatile trading
January 11, 2018--The JSE is aware of the recent volatility in the share prices of certain companies and has noted various media reports in this regard, it tells Fin24.
