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Nigeria: IMF Cuts Nigeria's GDP Growth Forecast to Four Percent
October 8, 2015--The International Monetary Fund (IMF) has forecast a four per cent growth rate for Nigeria's Gross Domestic Product (GDP) in 2015, as the country continues to contend with the challenge of declining income from the drop in crude oil prices.
The latest growth forecast by the fund is 2.25 percentage points lower than its last year's projection for Nigeria.
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Source: AllAfrica.com
Rand hits two-week high, stocks gain on resources
October 7, 2015--The rand has gained more than 1% against the dollar as the greenback slipped,
with investors pushing back bets of a 2015 rate hike by the Federal Reserve.
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Source: FIN24
Strong resources run lifts JSE
October 7, 2015--The strong run in the resources sector has boosted JSE indices,
with improved sentiment ascribed to expectations that US interest rates will not rise soon.
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Source: FIN24
New Report Helps Investors Who Want to Achieve Financial Returns and Social Impact Find the Right Opportunities
October 7, 2015--Today, Omidyar Network released a report laying out how frontier capital, or early stage risk capital in emerging markets, can be an effective tool for investors to achieve financial returns and social impact.
The report surfaces existing opportunities available to investors today, and offers insight into which of those opportunities is best for particular portfolios.
view moreview the FRONTIER CAPITAL-Early Stage Investing for Financial Returns and Social Impact in Emerging Markets
Source: Omidyar Network
South Africa: IMF Predicts Growth Below 1.5 Percent for SA
October 7, 2015--South Africa's growth is projected to be below 1.5% both this year and next year, according to a report by die International Monetary Fund (IMF).
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Source: AllAfrica.com
Sun sets on gold as AngloGold close to exiting Top 40
October 6, 2015--The JSE is close to relegating AngloGold in its Top 40 index, the latest sign of the precious
metal losing its place in an economy it once dominated.
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Source: FIN24
Rand weakens on shifting US rate hike sentiment
October 6, 2015--The rand has weakened against the dollar as uncertainty of
when the US Federal Reserve will raise interest rates mounted, while stocks opened slightly lower.
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Source: FIN24
JSE could stage short-term rebound
October 6, 2015--The catalyst for a short-term rebound in the JSE appears to be in place, says Overberg Asset Management in its weekly overview of the SA economic landscape.
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Source: FIN24
Africa: The Constraints on African Stock Exchanges
October 6, 2015-Ironically, Africa's chronic economic underdevelopment may now be its greatest opportunity.
After so many decades of sluggish economic growth and lagging far behind other continents, Africa can be regarded as a place of unmatched potential. In the post-crash world, where economies everywhere are stalling and investment opportunities few and far between, the received wisdom is that Africa is the last great untapped market.
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Source: AllAfrica.com
Rand firmer after weak US payrolls, stocks up
October 5, 2015--The rand has firmed against the dollar, on track for a fifth consecutive daily
gain after weak US payrolls data signalled that a near-term Fed hike is unlikely.
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Source: FIN24
