Rand breaches R13.60/$
May 4, 2017--The rand has hit a three-week low against the US dollar after the US Federal Reserve kept interest rates on hold and downplayed weak first-quarter GDP growth as temporary.
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Source: FIN24
Competitiveness Boost Urgently Needed to Meet Africa's Demographic Challenges
May 4, 2017--Without urgent action to address stagnating levels of competitiveness, Africa's economies will not create enough jobs for the young people entering the job market, according to a report released today.
If current policies remain unchanged, fewer than one-quarter of the 450 million new jobs needed in Africa in the next 20 years will be created.
These are among the key findings of the Africa Competitiveness Report 2017, a biennial publication jointly produced by the World Economic Forum, the African Development Bank, and the World Bank Group.
JSE listed ETF offers 15 African exchanges ex-South Africa
May 4, 2017--A new exchange-traded fund (ETF) offers investors access to an index covering 50 companies across Africa outside South Africa. The AMI Big50 Ex-SA ETF tracks a new index designed by Cloud Atlas Investing, a Johannesburg-based collective investment scheme.
It covers shares in 15 African exchanges including Egypt, Mauritius, Kenya, Morocco, Tanzania, Nigeria, Tunisia, Botswana, Namibia, Uganda, Ghana and Zimbabwe, as well as the BRVM Exchange in West Africa.
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Source: africancapitalmarketsnews.com
JSE stumbles after six positive sessions
May 3, 2017--The JSE stumbled after six positive sessions as most sectors, barring gold stocks retreated.
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Source: FIN24
Naspers rally lifts JSE
May 2, 2017--A rally in Naspers skewed the firmness of the overall market, whilst a strong turnaround in the rand as well as weaker commodity prices saw resource stocks decline.
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Source: FIN24
Rand in for rough ride as political pressures intensify
May 2, 2017--A currency strategist warns that investors will be nervous of politicians' statements, possible physical violence and negative moves in the bond market.
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Source: FIN24
Tobacco company biggest listing on JSE-report
May 1, 2017--A consumer goods company is the biggest company listed on the JSE for the decade between 2006 and 2016, according to a report by Investment Firm BayHill Company.
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Source: FIN24
JSE holds steady ahead of long weekend
April 28, 2017--The JSE closed firmer and the rand held steady for most of the day, strengthening to R13.24/$ before losing ground to the dollar.
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Source: FIN24
JSE maintains positive momentum
April 26, 2017--The JSE continued its good run as most sectors finished the trading session positive.
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Source: FIN24
Rand skids on dollar strength, bond exit rumours
April 26, 2017--The rand has lost almost 2% against the firmer US dollar and on rumours that South Africa is leaving the JP Morgan Bond Index.
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Source: FIN24