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Rand firms from 6-yr low as ratings fears abate
December 12, 2014-The rand has retreated from its lowest level in six years after Standard & Poor's affirmed
SA's credit ratings and said the outlook for the country remains stable.
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Source: FIN24
S&P affirms SA ratings, outlook stable
December 12, 2014--Ratings agency Standard & Poor's has upped its forecast for GDP growth in South Africa while
affirming its credit ratings of the country.
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Source: FIN24
Oil keeps JSE investors on their toes
December 11, 2014--The continuous drop in the oil price is making investors worldwide very nervous and stock
markets are under pressure again, including the JSE.
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Source: FIN24
IMF Survey Magazine: South Africa Strives to Revive Growth, Cut Exposure to Risks
December 11, 2014--Slow growth, low job creation weighed by structural constraints
Macroeconomic policies hamstrung by rising public debt, current account deficit
Structural reforms essential to boost sustainable, inclusive growth, create jobs
South Africa can celebrate significant progress in its first 20 years of democracy, but faces the challenge of reviving a weak economy and addressing elevated vulnerabilities the IMF said in its 2014 review of the country's economy.
view the IMF-SOUTH AFRICA STAFF REPORT FOR THE 2014 ARTICLE IV CONSULTATION
Source: IMF
Gold stocks lead JSE rebound
December 10, 2014--The JSE has rebounded, led by gold mining companies such as Gold Fields and AngloGold
Ashanti which rose on the back of a firm gold price and a weaker rand.
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Source: FIN24
Rand pulls back from 6-year low
December 10, 2014--The rand has firmed against the dollar, pulling away from a six-year low,
although market watchers expected pressure to resume depending on inflation data.
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Source: FIN24
SA economy tries to shake off the blues
December 10, 2014--According to the latest BankservAfrica Economic Transaction Index (Beti), an extremely fragile economy is trying hard to shake off its self-inflicted blues so it can recover enough to give South Africans a very merry Christmas.
The Beti indicates that the South African economy is in recovery mode, showing a small, but significant, growth of 0.8% year-on-year.
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Source: FIN24
JSE will remain volatile-expert
December 9, 2014--Shares in Johannesburg have plunged more than 2%,
the biggest one-day drop in a year, as falling oil and commodity prices depressed sentiment.
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Source: FIN24
Rand slips more after record lows against dollar
December 9, 2014--The rand has slipped further after hitting record lows against the dollar in the previous session,
and will continue ahead of manufacturing data release.
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Source: FIN24
Nigeria 'Pension Funds Investment to Lift Equity Value to N3tr By 2019'
December 8, 2014--CHANNELING Pension funds investment into the nation's capital is capable of increasing the value of listed equities in the market from the current N500billion to N3 trillion by the year 2019, the Group Chief Executive Officer, UBA Capital, Mrs Oluwatoyin Sanni has said.
Sanni, who stressed the need for an upgrade of PFA investment guidelines such that it would promote investment in nations capital market for full utilization, noted that the Nigeria large population which is currently in excess of 170 million suggested that the figure is achievable.
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Source: allAfrica.com
