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Alexander Forbes in spotlight on JSE
July 24, 2014--Interest in Alexander Forbes'IPO pushed financials higher, but the rest of the market mainly moved
sideways as investors thought twice about valuations.
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Source: FIN24
Rand surges against dollar
July 24, 2014--The rand has edged weaker against the dollar after climbing to a two-month high, propelled
by inflation data that came in below market forecasts.
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Source: FIN24
JSE fails to breach key barrier
July 23, 2014--For the third time in two weeks, the All-share index's
attempt to break decisively through the 52 00 points level has lost steam at the last minute.
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Source: FIN24
Rand on firmer ground, market awaits inflation
July 23, 2014--The rand has traded firmer against the dollar, touching fresh four-week highs as emerging market currencies continue to benefit
from US inflation data.
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Source: FIN24
SA stocks rebound as global tensions abate
July 22, 2014--South African stocks have gained smartly after stumbling in the previous session as risk appetite
returns to global markets.
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Source: FIN24
Rand on steady footing after US inflation
July 22, 2014--The rand has firmed against the dollar,
taking impetus from benign US inflation numbers and reports that striking metalworkers were mulling a new wage deal.
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Source: FIN24
Africa: Will the Brics Bank Be a Game Changer for Africa?
July 22, 2014--Last week Brazil, Russia, India, China and South Africa (BRICS) announced they are joining forces to establish a BRICS alternative to the World Bank. The BRICS bank will be capitalised to the tune of $50 billion or about the same size as the World Bank's loan to Brazil.
While the size of the initial capital allocation does not stack up in comparison to the World Bank's, this could still prove to be a significant opportunity to change the global system more in favour of the developing world.
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Source: AllAfrica.com
SA stocks end lower, but mining shares rise
July 21, 2014--South African stocks edged lower, in line with global peers as simmering political tensions in
Ukraine weighed on appetite for risky assets.
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Source: FIN24
Rand holds onto post rate-hike gains
July 21, 2014--The rand has held steady against the dollar,
starting the week with a firmer tone after the Sarb raised interest rates and global risk aversion abated.
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Source: FIN24
AfDB issues its inaugural local currency bond in the Nigerian Capital Market
July 18, 2014--After receiving the Securities and Exchange Commission ("SEC") of Nigeria's approval to establish a NGN 160 billion Medium Term Note (MTN) Programme and "No Objection" from the SEC to start the book building process on June 6, 2014,
the African Development Bank ("AfDB" or the "Bank") proceeded to tap the market for its maiden local currency issuance in the Nigerian capital market.
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Source: AfDB (African Development Bank)
