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10 days of shocks and surprises for SA
December 15, 2015-It has indeed been quite a week in the world of SA finance. It included a downgrading by Standard & Poor's and by Fitch Ratings, a cabinet meeting, an NHI white paper announcement, and three finance ministers in quick succession.
All of this to the background tune of the rand falling sharply and a sell-off of government bonds.
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Source: FIN24
South Africa: SA Reels From Three Finance Ministers in One Week
December 14, 2015--The rand immediately improved after the reappointment of Pravin Gordhan as Finance Minister on
Sunday, after a week of market turmoil followed a shock move by President Jacob Zuma.
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Source: AllAfrica.com
SA reels from three finance ministers in one week
JSE rush on gold shares continues view more
Rand recovers after Nene firing sparks sell-off view more
Rand weakens to near record after Nene axing view more
Nigeria: Investors Lose N285 Billion in Two Days view more
Africa's capital markets advance with pioneering launch of rhodium ETF on JSE view more
JSE stages modest rally but Anglo plummets again view more
Rand recovers from record lows view more
December 14, 2015--The rand has immediately improved after the reappointment of Pravin Gordhan as Finance Minister, after a week of market turmoil followed a shock move by President Jacob Zuma.
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Source: Fin24
December 11, 2015--The gold share rush on the JSE to cash in on rand weakness has continued,
while foreign investors are leaving the financial sector in droves.
Source: FIN24
December 11, 2015--The rand has showed some signs of recovery after touching a record low, but markets remain on edge
after the shock sacking of Finance Minister Nhlanhla Nene.
Source: FIN24
December 10, 2015--The rand has weakened, edging towards the record low hit in the previous session after
President Jacob Zuma removed Nhlanhla Nene as Finance Minister.
Source: FIN24
December 10, 2015--Activities on the Nigerian Stock Exchange (NSE) sustained losses for two days following offloading of shares by both local and foreign investors.
Consequently, leading company shareholders yesterday lost about N285 billion or 2.9 per cent. The All-Share Index shed 528.53 basis points or 1.92 per cent to close at 27,004.50 basis points as against 27,533.03 recorded the previous day while market capitalisation of equities depreciated by N182 billion or 1.92 per cent to close lower at N9.284 trillion...
Source: allAfrica.com
December 9, 2015--Standard Bank, one of Africa's largest banks by assets and earnings, has announced the launch of the continent's first exchange-traded fund to track movements in the US dollar spot price of rhodium.
The AfricaRhodium ETF, listed on the Johannesburg Stock Exchange, complements an existing suite of platinum group metal (PGM) ETFs which now offers local investors a more rounded exposure to the PGM industry, of which South Africa is a global leader.
Source: etfstrategy.co.uk
December 9, 2015--Anglo American has dived again but the rest of the market
has stabilised after the previous session's resources bloodbath left all major indices down.
Source: FIN24
December 9, 2015--The rand has gained, rallying after hitting a record low in the previous session on a wide current
account deficit and a commodities selloff.
Source: FIN24
