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JSE lags global recovery as rand strength saps industrial sector
January 26, 2017--The global rally has lifted financial and industrial shares on the JSE, but the strong rand continued to cap the prices of the heavyweight dual-listed shares.
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Source: FIN24
Rand could strengthen to best levels since late 2015
January 26, 2017--The rand is continuing its rally and could reach levels against the dollar last seen in late 2015.
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Source: FIN24
The power of pension funds for African infrastructure
January 25, 2017--Opening the elegant new six-lane toll bridge stretching cross Dar es Salaam's Kigamboni Creek in April, Tanzania's President John Magufuli called it "liberation" for citizens.
It represents a $135m investment by Tanzania’s National Social Security Fund, the state-run pension fund, and government. China Railway Construction Engineering Group built the 680-metre bridge with China Railway Major Bridge Group and say it is the longest cable-stayed bridge in East Africa
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Source: africanbusinessmagazine.com
Rampant rand spoils resources rally
January 25, 2017--The rally in the resources sector in the JSE has lost some momentum, as a rampant rand put a cap on shares which earn most of their income in dollar.
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Source: FIN24
Commodity conglomerates hit new highs but rest of JSE subdued
January 24, 2017--The top JSE-listed commodity conglomerates have all traded at 52-week high as dollar woes continued to support the prices of industrial metals such as copper and iron ore.
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Source: FIN24
The path is clear for a new stock exchange-4 Africa Exchange plans to start operating in March
January 20, 2017--After battling the mighty JSE over the Financial Services Board (FSB) licence that paves the way for the launch of a new stock exchange, the 4 Africa Exchange (4AX) is readying itself to go live.
4AX announced on Thursday that all appeals against its exchange licence-awarded by the FSB in August last year-have been formally withdrawn.
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Source: MoneyWeb
JSE jittery ahead of Trump inauguration speech
January 20, 2017--All major indices on the JSE have been modestly lower as the world awaits clarification of Donald Trump's policies in his first speech as president of the US.
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Source: FIN24
Resources resume strong run on JSE
January 19, 2017--The three big dual-listed commodity giants have all again traded at new 52-week highs, but the rest of the market has however been more subdued.
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Source: FIN24
JSE lifts on greater global stability
January 18, 2017-Greater stability on world markets has helped the JSE regain its upwards momentum, although gains have been quite modest.
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Source: FIN24
Nigeria: Central Bank Bars Banks From Bitcoin, Virtual Currencies
January 18, 2017--The Central Bank of Nigeria (CBN) has barred deposit money banks and all other financial institutions from the operation of any form of virtual currency.
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Source: AllAfrica.com
