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JSE moves further into record territory on financials push
August 4, 2017--Financial shares have continued their strong run on the JSE to push the overall market further into record territory, and the All-share index reached yet another high.
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Source: FIN24
JSE gets fillip from strong move in financial sector
August 3, 2017--A rally in the financial sector helped the rest of the market higher in morning trade, lifting the All-share index to a new all-time high and the Top 40 index to a new record.
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Source: FIN24
JSE reverses towards the close to end in the red
August 2, 2017--Equities closed the say in the red, having been dragged down by weaker commodity prices.
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Source: FIN24
South Africa: SA Still a Choice Investment Destination
August 1, 2017--South Africa continues to attract investment, despite global challenges, with foreign direct investment in the country increasing.
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Source: allafrica.com
IMF Staff Concludes Visit to Nigeria
August 1, 2017--Six countries in central Africa have been hit hard by the collapse in commodity prices. Oil prices dropped, economic growth stalled, public debt rose, and foreign exchange reserves declined.
A delayed response from policymakers, and a regional conflict have worsened the situation further for people in the region.
The countries of the Central African Economic and Monetary Community are Gabon, Cameroon, Chad, the Central African Republic, the Republic of Congo, and Equatorial Guinea. They share a common currency-the CFA franc-that is pegged to the euro, and have a common central bank that holds the region's pool of foreign exchange reserves.
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Source: IMF
Gains as rand hedges continue to lift JSE
August 1, 2017--The JSE has managed to reverse earlier losses to close in positive territory as rand hedges pushed the index higher yet again, explains EasyEquities.
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Source: FIN24
Rand breaches R13.30/$ on ratings jitters
August 1, 2017--The rand has extended its losses, breaching the R13.30 to the US dollar level as credit rating fears resurfaced.
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Source: FIN24
JSE rises as All-share index reaches new all-time high
July 31, 2017--Share prices have lifted on a wide front and the All-share index was 0.63% higher at 55 277 points by mid-morning, putting the market back at the level it was on 27 months ago.
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Source: FIN24
Zimbabwe: Gold Reserves to Back Currency
July 28, 2017--Government is building diamond and gold reserves to back the local currency upon its re-introduction in future, Vice-President Emmerson Mnangagwa has said.
VP Mnangagwa refused to disclose when the local currency would be re-introduced, but said it would only come back when mineral reserves reached desired levels.
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Source: AllAfrica.com
SARB sees South Africa exiting recession
July 28, 2017--SA Reserve Bank chief Lesetja Kganyago says the country is expected to have emerged from its first recession for eight years during the second quarter of this year.
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Source: FIN24
