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Rand loses ground despite signs SA will avoid a recession
August 15, 2016--The rand has given back 2% of its gains against the dollar, despite positive production data signalling SA will avoid a technical recession.
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Source: FIN24
Nigeria: Investors Lose N50.9 Billion As Market Capitalisation Drops to N9.358 Trillion
August 15, 2016--Investors in the nation's stock market lost N50.9 billion last week as market capitalisation dropped to N9.358 trillion on Friday from N9.408 trillion it opened during the week.
In the same vein, another stock market gauge, the All Share Index depreciated by 0.65 per cent to close the week under review at 27,246.88 points.
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Source: AllAfrica.com
Rand gains for fourth week as JSE rises
August 12, 2016--The rand has strengthened for a fourth week against the dollar as investors seeking higher yields piled into SA bonds and stocks.
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Source: FIN24
Financial shares crown JSE rally
August 12, 2016--The financial sector has rebounded strongly on the JSE, with the rest of the bourse following on the back of firm international markets.
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Source: FIN24
Nigeria: S'Africa Overtakes Nigeria As Africa's Biggest Economy
August 11, 2016--In dollar terms, South Africa is once again the biggest economy on the African continent, a position it reclaimed from Nigeria.
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Source: AllAfrica.com
JSE tracks global markets lower
August 11, 2016--All major indices on the JSE have lost ground as the bourse showed little movement and the market again struggled for direction.
Rand sits tight below R13.40/$
August 11, 2016--The rand has held steady at a new 10-month high as it continues to benefit from offshore yield players, Brexit, mixed data from the US and liquidity in the local market.
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Source: FIN24
Rand hits 10-month highs, stocks stumble
August 10, 2016--The rand has surged to a new 10-month high as the greenback sank after weak US productivity data again pushed back expectations of a Federal Reserve rate hike.
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Source: FIN24
DMS-Emerging Markets: South Africa's Electorate Matures
August 9, 2016--So we now have a cure for AIDS, according to South African President Jacob Zuma who is accused of raping an HIV-positive woman.
He admitted to having consensual unprotected sex with the 31-year-old, even though he knew she was infected. His solution, he said, was to have a shower after sex to prevent possible HIV infection. No more expensive medicines, just a shower. This, together with so many other factors, resulted in the governing ANC party being trounced badly in the recent municipal elections.
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Source: Peter Kohli, CEO, DMS Funds
