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The Case for Sustaining State Fiscal Reforms: Nigeria Economic Update
November 21, 2017--Nigeria's GDP expanded by 1.4 percent in the third quarter of 2017 (year-on-year), the second quarter of growth after the recession of 2016, reflecting recovery in oil production, good performance in agriculture, and stronger non-oil industry growth due to the easing of foreign exchange constraints.
Yet, many fiscal challenges remain at different levels of government, and effort is needed to successfully address those, according to the World Bank's Nigeria Economic Update, released today.
view the Nigeria biannual economic update: the case for sustaining state fiscal reform
Source: World Bank
JSE powers to new all-time highs on Naspers push
November 21, 2017--Naspers' surge to a new all-time high of R4 142.99 per share has propelled the JSE to new record highs.
< href="https://www.fin24.com/Markets/Equities/jse-powers-to-new-all-time-highs-on-naspers-push-20171121" TARGET="_blank">view more
Source: FIN24
Foreign selling of Saudi stocks slows in latest week-exchange
November 20, 2017--Immediately after the purge was announced, foreign investors were heavy net sellers of Saudi stocks.
Selling of Saudi Arabian equities by foreign investors eased last week after increasing sharply early this month in response to the kingdom's sweeping crackdown on corruption, exchange data released on Monday showed.
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Source: Zawya.com
JSE up as Naspers touches R4 000 a share
November 20, 2017--The JSE opened the week firmer on Monday, lifted mostly by index heavyweight Naspers and rand hedge stocks.
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Source: FIN24
Rand braces for punch as SA downgrade no longer 'if' but 'when'
November 20, 2017--A local currency downgrade on Friday would push the dollar/rand exchange rate up by between 30c and 50c in a rapid spike, according to a currency economist.
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Source: FIN24
Alternative-exchange listings are booming
November 20, 2017--The three alternative stock exchanges could see their total listings double from the current 10 to almost 20 by the close of 2018.
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Source: FIN24
JSE ends week on a high
November 17, 2017--The rand also gained enough momentum to break below the R14/$ level to an intra-day high of R13.95 against the US dollar, but retreated it later trade.
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Source: FIN24
Zim stock exchange loses further ground amid anxiety and hope
November 17, 2017--The ZSE has lost further ground as investors speculate that bank balances, which have been losing value against real US dollars, could strengthen in the wake of a potential new political dispensation.
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Source: FIN24
JSE rebounds after two days of losses
November 16, 2017--The JSE closed firmer on Thursday after two consecutive days of losses.
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Source: FIN24
Stronger rand bad news for most major JSE indices
November 15, 2017--South Africa is already paying a price for the current political uncertainty in the form of sharply higher bond yields. These yields supported the rand, but the stronger rand was bad news for the JSE.
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Source: FIN24
