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Bridging South Africa's Economic Divide
July 19, 2016--Thank you very much for your kind introduction and the warm welcome from the Witwatersrand community. It is a pleasure to be back in South Africa.
Let me begin with a tribute to South Africa's achievements. This country offers an extraordinary legacy of freedom and reason that is a model to the world-as was so clear yesterday as Nelson Mandela's birthday was commemorated both here and abroad.
But now it is a generation since the end of apartheid, and regrettably there remains a large and growing gap between South Africa's accomplishments and its concrete economic needs.
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Source: IMF
JSE dips as market takes a breather
July 18, 2016--Share prices on the JSE have been lower as the local market took a breather after a strong run last week, with resources shares the biggest losers.
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Source: FIN24
Rand bounces as Turkey concerns ease
July 18, 2016--The rand strengthened 2% against the dollar as concerns over a failed coup attempt in Turkey eased and investors sought out higher returns in emerging markets.
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Source: FIN24
Resources the big losers after a strong weekly run on JSE
July 15, 2016--Share prices on the JSE have been modestly lower, in response to softer European markets after the terrorist attack in France.
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Source: FIN24
Rand backtracks as investors cash in on rally
July 15, 2016--The rand has retreated from two-and-a-half month highs as a recent rally lost steam, with some investors booking profits and paring bets ahead of US inflation data.
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Source: FIN24
JSE edges up as markets await BOE interest rate move
July 14, 2016--Investors on the JSE have remained on the sidelines as the world held its breath for the Bank of England's interest rate decision, with all major indices slightly higher.
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Source: FIN24
Rand rallies as England keeps rates on hold
July 14, 2016--The rand has reacted positively to the news that the Bank of England kept interest rates unchanged, much against market expectation.
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Source: FIN24
Financial Markets: The African Development Bank and the African Securities Exchanges Association join forces to deepen Africa's capital markets
July 13, 2016--The African Development Bank (AfDB) and the African Securities Exchanges Association (ASEA) have signed,on Monday 11 July 2016, a five-year Memorandum of Understanding (MoU) to amplify the impact of their strategically aligned joint efforts to promote resources mobilization to fund Africa's economic growth.
This MoU will provide a collaborative framework for harmonizing and coordinating the efforts of AfDB, Africa's premier development finance institution, and ASEA, the apex body of African stock exchanges, towards deepening and connecting African financial markets.
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Source: afdb.org
Resources rise on JSE as gold and financials lose ground
July 13, 2016--Resources shares on the JSE have surged, but financial and gold stocks fell victim to profit-taking and the local bourse lags its overseas counterparts.
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Source: FIN24
Financial stocks shine on JSE
July 12, 2016--Financial shares have been the star performers on the JSE as a strong rally continued, but with local investors less exuberant than their international counterparts.
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Source: FIN24
