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Rand slips, stocks open higher
September 29, 2016--The rand has retreated, surrendering early gains as investors remained cautious on commodity currencies despite Opec's deal to curb crude output.
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Source: FIN24
Africa's Economic Growth Continues to Falter, Yet Some Countries Show Signs of Resilience
September 29, 2016--After slowing to 3 percent in 2015, economic growth in Sub-Saharan Africa is expected to fall further to 1.6 percent in 2016, the lowest level in over two decades.
The sharp decline in aggregate growth reflects challenging economic conditions in the region's largest economies and commodity exporters. Many of these countries continue to face headwinds from low commodity prices, tight financial conditions, and domestic policy uncertainties. Economic activity has been notably weak across oil exporters. At the same time, economic growth in about a quarter of the region's countries is showing signs of resilience.
view the Africa's Pulse, No. 14, October 2016
Source: World Bank
Steinhoff, Naspers shine as JSE stages modest rally
September 28, 2016--Share prices on the JSE have risen on a broad front in response to a recovery on European markets, as the prospects of a banking crisis diminished somewhat.
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Source: FIN24
Nigeria: Investors Lose N4.9 Billion As Oil, Gas Stocks Drag Index Lower
September 28, 2016--Investors in the Nigerianstock market, yesterday, lost N4.9 billion as sustained profit taking in oil and gas stocks drag down the Nigerian Stock Exchange, NSE All share index by five bases points, bps.
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Source: AllAfrica.com
JSE loses ground as European markets reverse course
September 27, 2016--The JSE has dipped after European markets reversed course mid-morning, as weakness in banks once again weighed on markets.
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Source: FIN24
Steep drop on JSE in line with global markets
September 26, 2016--Share prices on the JSE have been sharply lower, following a steep drop in European markets and a global downward trajectory.
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Source: FIN24
New South African stock exchange ZAR X to start 3 October
September 23, 2016-Trading is to start on South Africa's new ZAR X securities exchange on 3 October.
It gained a licence on 2 September and the first listings will be Senwes and Senwes Beleggings, with up to 5 listings planned for first week October.
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Source: africancapitalmarketsnews.com
About 4AX- new South African securities exchange
September 23, 2016--South Africa's second new exchange, which also got a licence according to the 2 September announcement by the Financial Services Board (FSB), is 4AX, also known as 4 Africa Exchange.
It plans to trade securities that are currently traded over-the-counter (OTC) and to go live early in 2017.
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Source: africancapitalmarketsnews.com
JSE takes breather after rate decision boost
September 23, 2016--Investors on the JSE have used the opportunity to take profits after the previous two days' strong rally, amid concern over the valuations of some local shares.
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Source: FIN24
Rand shows local strife can't derail emerging market gains
September 23, 2016--Despite political goings-on and low growth, the rand has returned 11% for investors selling the dollar to chase higher yields-more than twice as much as its next-best peer.
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Source: FIN24
