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Rand set for worst month since 2013 as downgrade threat looms
May 31, 2016--The rand has weakened almost 10% this month as expectations the Fed will raise rates boost the dollar and the threat of a downgrade of SA's credit rating weighs on the currency.
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Source: FIN24
Africa: African Countries May Fall Into Debt Trap-AfDB
May 26, 2016--African countries that have borrowed from international capital markets may be sliding into a debt trap as a result of rising interest rates, the African Development Bank said.
Increasingly, many African countries, taking advantage of the low global interest rates, have rushed to the international capital markets by issuing bonds. Between 2006 and 2014, African nations issued $26 billion in Eurobonds. And in 2015 alone, a total of $12 billion of Eurobonds were issued.
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Source: allafrica.com
African Economic Outlook 2016
May 23, 2016--How Africa urbanises will be critical to the continent's future growth and development, according to the African Economic Outlook 2016 released today at the African Development Bank Group's 51st Annual Meetings.
Africa's economic performance held firm in 2015 amid global headwinds and regional shocks. The continent remained the second fastest growing economic region after East Asia. According to the report's prudent forecast, the continent's average growth is expected at 3.7% in 2016 and pick up to 4.5% in 2017, provided the world economy strengthens and commodity prices gradually recover.
view the African Economic Outlook 2016-Sustainable Cities and Structural Transformation
Source: African Economic Outlook
pwc-The Africa business agenda-
May 20, 2016--Africa's diverse markets present opportunities for companies willing to invest the time to understand
them.
The cost of doing business
here can be high, but so too are
the rewards, particularly for those
prepared to take a truly long-term
view.
view report
Source:pwc
Nigeria: Stock Market Investors Lose N1.2 Trillion in Four Months
May 16, 2016--The lackluster performance that pervaded the Nigerian Stock Exchange, NSE, in the last two years has continued in 2016 as investors in the market have lost as much as N1.2 trillion in the first four months of the year (January-April).
This automatically leaves the NSE as the worst performing stock exchange among its peers in other African countries.
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Source:: allafrica.com
JSE set to end week lower as economic prospects falter
May 13, 2016--Share prices on the JSE have been lower for a third consecutive day, with financial shares hardest hit by the sober economic picture.
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Source: FIN24
Rand slips as dollar holds on to gains
May 13, 2016--The rand has weakened after the dollar held to gains against major currencies as traders awaited economic data from the United States.
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Source: Fin24
OPEC says oil glut 'may ease' by 2017
May 13, 2016--OPEC says a global crude glut that has squeezed the market and sent prices plunging over the past year "may be easing" as a result of countries outside the cartel.
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Source: FIN24
US disappointment spills over to JSE
May 12, 2016--The JSE, along with other world markets, has been reeling from the aftermath of very disappointing company results from some of the biggest consumer companies in the US.
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Source: FIN24
Commodities in spotlight on lacklustre JSE
May 11, 2016--Commodity shares have been back in the spotlight on the JSE, but all indices moved mostly sideways for most of the morning after some initial gains.
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Source: FIN24
