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Nigeria: Survey-Nigerian Capital Market Lost N1.63 Trillion in January
February 5, 2016--The Nigerian stock market lost more than N1.63 trillion in January due to profit-taking and currency volatility,
statistics from the Nigerian Stock Exchange (NSE) showed on Thursday.
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Source: allAfrica.com
Nigeria: Corruption Will Cost Nigeria 30 Percent of GDP By 2030-Report
February 3, 2016--A new study by professional services firm, PriceWaterhouseCoopers, PwC has shown that Nigeria will lose 30 per cent of its GDP to corruption by 2030.
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Source: allafrica.com
JSE shows strong recovery
January 29, 2016--The strong recovery of share prices on the JSE has continued thanks to support the market received from a stronger, among other factors.
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Source: FIN24
Rand extends post-rate hike rally
January 29, 2016--The rand has extended its post-rate hike rally, gaining another almost 1% against the greenback.
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Source: FIN24
Rand cheers steep rate hike
January 29, 2016--The rand has reacted positively to Sarb governor Lesetja Kganyago's announcement that the bank has decided to hike interest rates by 50 basis points.
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Source: FIN24
South Africa: Reserve Bank Announces Interest Rate Hike
January 28, 2016--South African Reserve Bank (Sarb) governor Lesetja Kganyago on Thursday announced a 50 basis-point increase in the repo rate to 6.75%, in line with the consensus.
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Source: allAfrica.com
JSE stages strong comeback
January 28, 2016--The JSE has made a firm recovery after its poor start to the year, and by midday the major indices were higher for the fourth consecutive day.
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Source: FIN24
Rand up on Fed move as market anticipates rate hike
January 28, 2016--The rand has firmed as the Fed kept rates on hold, giving investors scope to move back into emerging markets, while the local market awaits Sarb's rates decision.
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Source: FIN24
Southern Africa: SA Among Worst Economic Performers in Region
January 27, 2016--South Africa will be among the worst economic performers in sub-Saharan Africa as higher tariff barriers, protection for inefficient industries and deeper state intervention are set to draw back growth this year, according to analysts.
However, economists said this week that overall growth in the region would accelerate only "slightly".
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Source: allafrica.com
East Africa Agrees to Fast-Track Unification of Stock Exchanges
January 27, 2016--East Africa has agreed to fast-track the unification of the four bourses via an online portal allowing cross-trading in securities.
In a joint statement the East African Securities Association through the chairman Mr Pierre Celestone Rwabumbuka urged member bourses to fast-track integration of the Kenya, Uganda, Tanzania and Rwanda bourses to create sustainable markets that support growth of individual economies.
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Source: AllAfrica.com
