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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
Rand caps gains as JSE drifts aimlessly
March 24, 2017--Share prices on the JSE have once again been in limbo as the strong rand continues to put a cap on the big dual-listed shares.
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Source: FIN24
Nigeria Looks Inward for Industrialisation
March 23, 2017--The federal government is beginning to look inwards for financing of the industrial sector of the economy through Domestic Direct Investment (DDI) rather than dependence on Foreign Direct Investment (FDI).
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Source: AllAfrica.com
JSE in limbo as world holds breath over Obamacare bill
March 23, 2017--The JSE has been treading water, with major indices moving very little and volumes low as the world waits to see if President Donald Trump succeeds in rolling back Obamacare.
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Source: FIN24
Mighty rand dips below R12.50/$
March 23, 2017--The mighty rand has continued its rally, dipping below R12.50/$ for the first time in 20 months as it refused to follow the general risk-off sentiment.
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Source: FIN24
JSE wilts as investors join global flight to safe havens
March 22, 2017--Global stock markets have been a sea of red and investors on the JSE also joined the flight to safety, buying bonds and precious metals.
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Source: FIN24
