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Rand breaches R14.50/$ amid move on Treasury for Zuma's free fees plan
November 13, 2017--The rand has breached R14.50/$ as news filtered through of President Jacob Zuma's seemingly imminent plan to push through free higher education.
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Source: FIN24
Nigeria: Lagos Targets Third Largest Economy By 2020, Africa's Mega City in 2025
November 13, 2017--With a target to become Africa's third largest economy by 2020 and Africa's model mega city in 2025, the Lagos State government has reiterated its commitment to sustain the existing partnership with the private sector.
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Source: AllAfrica.com
JSE muted after subdued trading session
November 10, 2017--The local bourse was muted on Friday, with equities not gaining any significant momentum.
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Source: FIN24
Rand weakens on rumours of free education, ratings downgrades
November 10, 2017--The rand extended its losses on Friday, trading at R14.38 to the dollar in the early afternoon after opening at R14.24.
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Source: FIN24
Nigeria:Treasury Instruments Crash On Moody's Downgrade
November 9, 2017--Amidst disagreement between Federal Government and Moody's Investment Services, a global financial rating agency, over the later's downgrade of Nigeria, the country's bond and treasury instruments crashed yesterday, at the short end of the tenors.
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Source: AllAfrica.com
JSE ends in the red; rand hits R14.30/$
November 9, 2017--Local equities gave up earlier gains as the Japanese Nikkei, which broke levels last recorded in January 1992, closed down following a big reversal.
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Source: FIN24
IMF Staff Concludes Visit to South Africa
November 8, 2017--South African authorities project 0.7 percent GDP growth in 2017; IMF team sees little improvement in 2018.
IMF team urges South Africa's Presidential Fiscal Committee to approve fiscal measures in timely fashion to avoid undue increases in debt-to-GDP ratio.
An International Monetary Fund (IMF) mission, led by Ana Lucía Coronel, visited South Africa during October 30- November 8, 2017, to discuss recent economic developments and outlook in the context of its regular surveillance activities.
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Source: IMF
JSE ends on all time high
November 7, 2017--As the All-Share index reached a new high of 60 589 points, some gold miners profited from a weaker rand to cancel out a fall in the dollar price of the precious metal.
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Source: FIN24
JSE gains as rand falls on dollar rally
November 3, 2017--The JSE All-Share index closed the day 0.52% firmer, matched by the blue-chip JSE Top-40 index which gained 0.67%.
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Source: FIN24
JSE in doldrums as rand recovery caps share prices
November 2, 2017--A stronger rand has put a lid on share prices on the JSE, and major indices were still seeking direction by mid-morning.
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Source: FIN24
