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JSE bloodbath as SA's top four banks plunge more than 5%
March 31, 2017--Shares in SA's top four banks plunged more than 5% in early trade as JSE investors started dumping stocks with big exposure to the South African economy.
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Source: FIN24
Rand hits R13.60/$ as it continues freefall on Gordhan axing
March 31, 2017--The rand headed for its biggest weekly slide since 2015, after the firing of Finance Minister Pravin Gordhan raised concerns about SA's fiscal path and its credit rating.
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Source: FIN24
Kenya: NSE Falters As New Products Fail to Bring in Investors
March 30, 2017--Stocks in Kenya fell 21 per cent last year as investors ignored efforts by capital markets regulators to bring in new products to boost trade on the market, which has been hit hard by a prolonged bear run.
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Source: AllAfrica.com
Stronger rand pulls down major JSE indices
March 30, 2017--The rand has firmed on indications that President Jacob Zuma may lack sufficient support to sack Pravin Gordhan, dragging down dual-listed shares as well as the major indices.
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Source: FIN24
African countries among fastest growing economies, South Africa below potential
March 30, 2017--At least nine African countries are expected to be among the 20 fastest growing economies in the world in 2017, a recent survey has shown.
According to the 2017 African Business Outlook Survey released by The Economist on Thursday, even countries that have experienced below-trend growth such as South Africa, or have fallen into recession such as Nigeria, promising commercial opportunities exist.
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Source: FIN24
Rand runs on news that ANC top brass oppose Zuma's Gordhan axing
March 29, 2017--The rand reacted sharply on a report that President Jacob Zuma's plan to fire Finance Minister Pravin Gordhan is said to be opposed by three party leaders.
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Source: FIN24
JSE up in defiance of Zuma's shock Gordhan move
March 28, 2017--Share prices on the JSE have been higher, with price movements driven by rand value rather than the uncertainties caused by Pravin Gordhan's recall from an investor roadshow.
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Source: FIN24
Nervous rand steady under R13/$ on Gordhan saga
March 28, 2017--The rand, still reeling from the president's order that Finance Minister Pravin Gordhan return to SA from an investor roadshow, has burst through the psychological R13/$ level.
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Source: FIN24
Barclays Bank lists Gold ETF at the NSE with 400,000 Gold bullion shares
March 27, 2017--Barclays Bank has today listed the Gold Exchange Traded Fund (ETF).
For those not in the know an ETF is a marketable security that tracks a commodity, bonds or a basket of assets. Basically, it operates more or less like a unit trust but trades on the stock exchange like a common stock. In this case the Gold ETF tracks a commodity which as the name suggests is Gold.
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Source: hapakenya.com
Resources gain on rand tank amid Gordhan recall
March 27, 2017--Resources and other dual-listed shares have been somewhat stronger as the rand tumbled after Finance Minister Pravin Gordhan was recalled from an international roadshow.
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Source: FIN24
