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SA bonds begin trading as junk for first time since 2000
April 10, 2017--SA bonds will trade carrying junk grades from two ratings agencies for the first time since 2000, with JPMorgan cutting SA from R800bn worth of indexes.
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Source: FIN24
JSE closes lower on Fitch ratings downgrade
April 7, 2017--The positive sentiment shared by South Africans uniting for a common cause was not visible on the JSE, as South African sovereign debt suffered a second ratings downgrade to junk status.
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Source: FIN24
Rand, bonds fall as junk rating triggers index exit
April 7, 2017--The rand and dollar bonds fell after Fitch Ratings became the second company to cut the country's credit assessment to junk.
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Source: FIN24
A2X gets green light for new SA stock exchange
April 6, 2017--South Africa is to acquire its third new stock exchange, which could possibly go live in the fourth quarter.
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Source: FIN24
Rand weakens as Zuma's survival seen strengthening
April 6, 2017--The JSE has ended flat as the rand and government bonds weakened, due to market concerns President Jacob Zuma could survive the resistance building against him.
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Source: FIN24
South Africa: Ratings Agency Downgrades Credit Rating to 'Junk' Status
March 5, 2017--April 3, 2017--The credit ratings agency Standard & Poor's has downgraded South Africa's foreign currency sovereign credit ratings to below investment status.
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Source: AllAfrica.com
JSE assets tumble as Zuma dodges calls to step down
April 5, 2017--South African bonds and the rand have fallen after President Jacob Zuma is said to have bolstered his position by fending off calls from senior ruling party officials to quit.
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Source: FIN24
Rand cheers call for Zuma to quit
April 5, 2017--News of increased opposition to President Jacob Zuma resulted in the rand firming to an intraday high of R13.52/$, pushing off the morning lows by +3%.
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Source: FIN24
IMF-Nigeria: Selected Issues
April 4, 2017--INTRODUCTION
This Selected Issues Paper contains five chapters that examine the role of lower oil prices in explaining the deterioration in Nigeria's recent macroeconomic indicators; the impact on corporate and financial sector performance; and the forward-looking aspects of promoting job-intensive growth and strengthening State and Local Government finances.
While the slump in oil prices contributed to sluggish growth, the lack of foreign exchange weakened corporate performance,
increasing the likelihood of non-performing loans.
view the IMF Country report-Nigeria: Selected Issues
Source: IMF
Gold shares glimmer among gloom as banking sector battered on JSE
April 4, 2017--Investors in gold shares have received an unexpected bonanza from the country's political turmoil, after S&P downgraded South Africa's credit rating to junk status.
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Source: FIN24
