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AngloGold creates buzz on JSE
June 9, 2015--Interest on the JSE has focused on the gold sector, with AngloGold Ashanti stocks shooting up
after it sold its Colorado mine to the largest US gold producer.
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Source: FIN24
Rand slips on new public sector wage bill
June 9, 2015--The rand has edged weaker as public sector wage pressures
threatened to scupper the unit's recovery from 13-and-a-half-year lows.
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Source: FIN24
Rand recovers some poise on Fitch fillip
June 8, 2015--The rand has regained some of its footing against the dollar after plunging to a 13-and-a-half-year low
after rating agency Fitch held off downgrading the economy.
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Source: FIN24
Nigeria: JP Morgan Threatens to Remove Nigeria From Key Bond Index
June 8, 2015--JP Morgan has threatened to remove Nigeria from its Government Bond Index (GBI-EM) by the year-end unless the Central Bank of Nigeria, CBN, restores liquidity to foreign exchange market
to allow foreign investors tracking the benchmark to transact with minimal hurdles.
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Source: allAfrica.com
OPEC keeps taps open despite low oil price
June 5, 2015--OPEC has again defied calls to cut output despite the low oil price, extending its new strategy to
preserve market share and fend off cheaper competition.
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Source: FIN24
JSE lacklustre as market awaits rating outcome
June 5, 2015--Local financial markets have hardly reacted to remarks by IMF chief Christine Lagarde as they await
the latest rating from Fitch credit rating agency.
Rand hits 13.5-year low on downgrade jitters
June 5, 2015--The rand has fallen to a 13.5-year low against the dollar in nervous trade hours ahead of a Fitch
credit rating review and a dollar buoyed by strong US jobs data.
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Source: FIN24
Africa Progress Report 2015-Power, People, Planet
June 5, 2015--For Sub-Saharan Africa, 2015 is a turning point. The summits on sustainable development, financing and climate change are swinging the spotlight not only onto Africa's needs to accelerate development and adapt to global warming, but also onto the region's urgent energy crisis. Two in three Africans lack access to electricity.
But this crisis is also a moment of great opportunity, as we demonstrate in the Africa Progress Report 2015, Power People Planet: Seizing Africa's Energy and Climate Opportunities. Demand for modern energy is set to surge, fuelled by economic growth, demographic change and urbanisation. As the costs of low-carbon energy fall, Africa could leapfrog into a new era of power generation. Utility reform, new technologies and new business models could be as transformative in energy as the mobile phone has been in telecommunications.
view the Africa Progress Report 2015-Power, People, Planet
view the INFOGRAPHIC: Shocking facts about Africa's power crisis
Source: africaprogresspanel.org and FIN24
Boosting Agriculture, Services and Value Chains is Key to Africa's Competitiveness
June 4, 2015--Despite high economic growth, competitiveness in Africa is stagnating, with few signs that productivity is rising, thus hindering the prospect of inclusive and sustained growth.
Poor-quality institutions, infrastructure, health and education hold competitiveness down, although efficiency in goods and labor markets is improving.
Supporting Africa's structural transformation will require a comprehensive policy mix that prioritizes transport and ICT infrastructure, education, trade and further regulatory reform.
African economies' prospects for long-term, sustainable growth are under threat from weakness in the core conditions necessary for competitive and productive economies, despite outwardly healthy-looking growth rates in many parts of the region, according to the African Competitiveness Report, which is published today.
view the The Africa Competitiveness Report 2015
Source: World Bank
JSE feels heat as foreign investors dump stocks
June 4, 2015--Selling pressure on the JSE could be a case of foreign investors ditching SA shares amid
uncertainty as traders await Fitch's latest credit rating update.
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Source: FIN24