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Rand breaches R12.90/$ as markets cheer French vote
April 25, 2017--The rand has breached the psychological R12.90/$-level, adding to early morning gains as markets cheered the outcome of the first round of the French election.
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Source: FIN24
JSE rises as market favourite Macron wins French poll
April 24, 2017--The JSE has followed global markets higher after French voters opted for market favourite Emmanuel Macron, reducing the risk of another Brexit-like shock.
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Source: FIN24
JSE's first Africa-focused ETF makes its debut
April 21, 2017--An exchange-traded fund offering 50 African blue-chip companies outside SA has begun trading on the local bourse.
Although the JSE already has two exchange-traded notes (ETNs)-Standard Bank's Africa Equity index and Deutsche Bank’s MSCI Africa Capped 50-offering portfolios of African shares, the AMI Big50 is the JSE's first Africa-focused ETF.
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Source: businesslive.co.za
Economic Growth in Africa is on the Upswing Following a Sharp Slowdown
April 19, 2017--Economic growth in Sub-Saharan Africa is rebounding in 2017 after registering the worst decline in more than two decades in 2016, according to the new Africa's Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank.
The region is showing signs of recovery, and regional growth is projected to reach 2.6% in 2017. However, the recovery remains weak, with growth expected to rise only slightly above population growth, a pace that hampers efforts to boost employment and reduce poverty.
view the Africa's Pulse, April 2017-Why We Need to Close the Infrastructure Gap in Sub-aharan Africa
Source: World Bank
JSE shares take cue from stronger rand
April 13, 2017--The stronger rand, which strengthened on hopes that President Jacob Zuma might still be removed, has been a major factor in determining which way share prices go.
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Source: FIN24
Rand firms, gold rallies on Trump comments
April 13, 2017--The rand firmed slightly closing at R13.42 to the US dollar, while the market remained muted ahead of the Easter holiday.
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Source: FIN24
World Bank-Kenya's Economic Outlook to Dip in 2017
April 12, 2017--Kenya's GDP growth is projected to decelerate to 5.5%, a 0.5 percentage point mark down from the 2016 forecast, according to the World Bank's Kenya Economic Update (KEU) released in Nairobi today.
"Consistent with its robust performance in recent years, once again economic growth in Kenya was solid in 2016, coming in at an estimated 5.9%-a five-year high. This has been supported by a stable macroeconomic environment,, low oil prices, earlier favorable harvest, rebound in tourism, strong remittance inflows, and an ambitious public investment drive," said Diarietou Gaye, World Bank Country Director for Kenya. "Nonetheless, Kenya is currently facing headwinds that are likely to dampen GDP growth in 2017."
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Source: World Bank
Rand firms, banks strengthen as resistance to Zuma swells
April 12, 2017--A rally in gold as well as a political rally against President Jacob Zuma saw the rand firm against the dollar.
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Source: FIN24
Rally in JSE financials gains momentum
April 12, 2017--The recovery of the financial sector on the JSE, with banking shares on the forefront, has gained momentum despite news that Fitch has downgraded SA's banks.
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Source: FIN24
Markets close firmer, but banks remain under strain
April 10, 2017--South African markets ended firmer, while banks and retailers remain under pressure as investors review the implications of the most recent credit ratings downgrade.
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Source: FIN24
