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Rand up as politics take back seat
September 5, 2016--The rand has been trading on the front foot following weak US jobs data and as politics took a back seat while Jacob Zuma and Pravin Gordhan attend the G-20 summit.
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Source: FIN24
South Africa-Positive GDP growth in the second quarter of 2016
September 5, 2016--South Africa's economy grew by 3,3% quarter-on-quarter (seasonally adjusted and annualised), according to estimates of real gross domestic product (measured by production).
This is the fastest quarter-on-quarter rise in economic activity since the fourth quarter of 2014. Year-on-year growth in the second quarter of 2016 was 0,6%.
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Source: Statistics South Africa
Financial stocks rise as JSE rallies
September 2, 2016--Share prices on the JSE have recovered in line with global markets after a week of losses, with financial stocks the top performers.
Rand retreats as focus shifts to US jobs report
September 2, 2016--The rand has weakened, giving back modest gains of the previous session in cautious trade ahead of jobs data from the US that investors will eye for clues on the likelihood of a rate hike there this year.
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Source: FIN24
JSE financial shares recover on rand gains
September 1, 2016--Share prices on the JSE have steadied somewhat after the turmoil which followed Futuregrowth's decision to stop lending money to parastatals, and as the rand firmed
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Source: FIN24
Rand gains for first time in 10 days
September 1, 2016--The rand has gained against the dollar for the first time in 10 days and bonds rose as figures from China showing a pick-up in manufacturing boosted commodity prices.
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Source: FIN24
JSE still on downward trend amid jitters over Gordhan saga
August 31, 2016--The slightly firmer rand has given financial shares a welcome breather, but the general trend was still downwards as investors await more clarity on US rate hikes.
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Source: FIN24
Rand slumps as Futuregrowth suspends loans to state firms
August 31, 2016--The rand has dropped to the weakest level in more than seven weeks after Futuregrowth Asset Management said it will stop lending money to six of the largest state-run companies.
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Source: FIN24
Nigeria in Recession As Economy Shrinks
August 31, 2016--The Nigerian economy, Wednesday, plunged into recession, as the National Bureau of Statistics, NBS, disclosed that the country's Gross Domestic Product, GDP, in real terms, declined by 2.06 per cent in the second quarter of 2016.
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Source: AllAfrica.com
Africa Stands to Benefit From New Trade Deals and, Possibly, From Brexit
August 31, 2016--The last few months have seen some significant developments for African trade and integration. These advances come at a crucial time for African countries, which have been particularly hard hit by the slump in commodity prices, China's economic downturn, and higher external borrowing costs.
This has resulted in slower GDP growth than expected, currency fluctuations and reduced investment-particularly in resource-rich countries.
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Source: allAfrica.com
