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JSE skids on firm rand and as SARB keeps rates on hold
May 25, 2017--On the JSE, most of the blue chip stocks were trading in the red, led by rand hedge stocks which continued to slide due to the firmer rand.
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Source: FIN24
Strong rand, China downgrade dent JSE
May 24, 2017--The rand has traded at the highest level in four weeks, which together with news of Moody's downgrade of China's credit ratings put a damper on share prices on the JSE.
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Source: FIN24
Rand sensitive stocks buoy JSE as rand runs on Zuma report
May 23, 2017--The rand, which firmed on a report that the ANC leadership will discuss the possible removal of President Jacob Zuma, has buoyed rand sensitive stocks such as banks and retailers.
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Source: FIN24
Unlock the potential of African entrepreneurs for accelerating Africa's industrial transformation, says the African Economic Outlook 2017
May 22, 2017--African governments need to integrate entrepreneurship more fully into their industrialisation strategies, according to the African Economic Outlook (AEO) 2017 released today at the African Development Bank Group's 52nd Annual Meetings.
In 2016, Africa's economic growth slowed down to 2.2% from 3.4% in 2015 due to low commodity prices, weak global recovery and adverse weather conditions, which impacted on agriculture production in some regions. However, it is expected to rebound to 3.4% in 2017 and 4.3% in 2018. This assumes that as commodity prices recover, the world economy will be strengthened and domestic macroeconomic reforms are entrenched.
view the African Economic Outlook (AEO) 2017
Source: africaneconomicoutlook.org
JSE off to a good start as ALSI futures hit year highs
May 22, 2017--The JSE All-share index futures reached year-to-date highs of 48 520 points as the previous week's momentum carried the local index higher.
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Source: FIN24
Rand recovers as panic over Trump eases
May 22, 2017--The rand has recovered some of its losses of the last week as the panic of Donald Trump's presidency seemingly eased.
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Source: FIN24
Industrials edge higher on JSE as weak rand boosts heavyweights
May 19, 2017--The Industrial index has reached a new 52-week high, but the resources sector did not share in the run as investors fret over low commodity prices and rising costs.
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Source: FIN24
Nigeria Economic Update: Beyond Oil, Key Drivers for Sustainable Growth
May 19, 2017--Nigeria can build on the oil-driven economic recovery anticipated for it in 2017 by strengthening its macroeconomic policy framework and implementing the structural reforms needed to diversify the economy and break out of a boom and bust cycle, according to the World Bank's newly-released Bi-annual Economic Update.
In 2016, Nigeria experienced its first full-year of recession in 25 years. Global oil prices reached a 13-year low and oil production was crushed by vandalism and militant attacks in the Niger Delta, resulting in the severe contraction of oil GDP.
view the World Bank Nigeria-Bi-annual economic update 2017: fragile recovery
Source: World Bank
JSE firmer as weaker rand buoys rand hedges
Rand reels from Trump turmoil
May 18, 2017--The rand weakened sharply as a fresh political crisis hit Brazil, affecting emerging markets.
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Source: FIN24
May 18, 2017--The rand has weakened more than 2.5% to trade over R13.50/$ as pressure from turmoil in the White House caused havoc on world markets.
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Source: FIN24
