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Rand weakens as strikers reject wage deal
July 11, 2014--The rand has extended losses after reports that the National Union of Metalworkers of South Africa
has rebuffed the latest wage offer.
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Source: FIN24
JSE in correction mode after strong gains
July 10, 2014--The JSE is now more than 2% lower than last week's record levels,
but analysts say the correction is to be expected after the recent strong run.
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Source: FIN24
Rand holds steady versus dollar
Juy 10, 2014--The rand has held firm against the dollar,
building on the near 1% gains achieved amid hopes of an imminent end to an engineering sector strike.
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Source: FIN24
Surprise JSE fillip for poultry producers
July 9, 2014--Rosier prospects after the introduction of import levies on chicken products from Europe have
lifted Astral and Sovereign Foods to new 52-week highs.
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Source: FIN24
Africa: The Brics New Development Bank and Currency Reserve Arrangement At a Glance
July 9, 2014--As the BRICS meet in Fortaleza, Brazil from 15-17 July 2014, attention is once again on the group's efforts to established two new financial institutions: the New Development Bank and the Contingent Reserve Arrangement.
Negotiations are underway on both and, while it remains uncertain that they will be officially launched in Fortaleza, substantial progress is expected to be announced at the summit.
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Source: allAfrica.com
SA suffers economic stagnation-index
July 9, 2014--South Africa avoided a technical recession, but sporadic economic growth was not enough to shake off economic stagnation, according to BankservAfrica's Economic Transaction Index (Beti) released on Wednesday.
The Beti showed the economy recovered a little in June 2014, but not enough to stop the economic decline, BankservAfrica corporate reputation head Michael Rubenstein said in a statement.
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Source: FIN24
JSE retreats from record high
July 8, 2014--The JSE's main stock index set a record high before losing steam to end slightly lower,
as investors took their cue from a downbeat mood in major overseas markets.
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Source: FIN24
Strikes, dollar put pressure on rand
July 8, 2014--The rand has weakened against the dollar on the JSE after
flirting with a month-low as a strike by Numsa entered its second week.
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Source: FIN24
Kenya: You Can Now Use Bitcoin to Buy a Villa in Nairobi
July 8, 2014--Villas in Loresho Ridge area of Nairobi have been put up on sale, but in an unorthodox manner: the houses have been made available for purchase by use of Bitcoin (an online currency) as an alternative payment, through the online Bitcoin market place(BitPremier).
The villas on sale-Fahari Villas-are situated on a cul-de-sac on the highest point of the Loresho Ridge gated community in Nairobi. There are 12 units in total with private landscaped gardens. Each of the houses is sitting on a parcel of land measuring approximately 460 square meters.
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Source: allAfrica.com
African Infrastructure Investment Survey
Private sector perspectives on risks and opportunities
July 8, 2014--The Infrastructure Consortium for Africa (ICA) has launched a new survey to capture private sector views on the challenges of implementing infrastructure projects in Africa across the energy, water, transport and ICT sectors.
The online survey, which has been designed by UK-based business intelligence company Cross-border Information (CbI), will complement the ICA's established work promoting increased investment and development of infrastructure in Africa and tracking infrastructure financing trends.
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Source: allAfrica.com
