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South Africa-Government assesses coronavirus damage to economy
May 2, 2020--South Africa’' economy could contract by as much as 16.1% this year, depending on how long it takes to contain the coronavirus pandemic and for the economy to recover to the end of 2020
South Africa's National Treasury expects job losses, tax losses and a contracting economy due to the coronavirus pandemic and the lockdown to halt its spread.
The finance minister will only present an adjustment budget, which accounts for the impact of the pandemic and economic relief measures, in June or July, according to Treasury and tax officials who briefed lawmakers on the potential impact of the virus on Thursday.
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Source: fin24.com
JSE erases earlier gains as global economy exhibits more strain
April 30, 2020--The local bourse had managed to open firmer following a rally in Asian stocks in earlier trading.
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Source: FIN24
SA stocks are on track for a record month
April 30, 2020--Unprecedented demand for online services and entertainment during the Covid-19 pandemic lockdowns, along with a scramble for haven investments, have helped set South African stocks on course for a record.
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Source: FIN24
NSE Market Indices Resume Week With 0.07 Per Cent Rise
April 28, 2020--Activities in the nation's bourse on Monday resumed for the week on a positive note with a marginal growth of 0.07 per cent due to mild increases in MTN Nigeria and some Tier one banks.
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Source: allafrica.com
Stock markets rally on virus hopes, but oil tanks
April 27, 2020--Equity markets have rallied Monday as countries eased coronavirus lockdown measures, but oil prices tumbled as a supply glut offset output cuts.
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Source: FIN24
Surge as global sentiment remains optimistic
April 23, 2020--Local stocks advanced for a second consecutive session on Thursday as global markets remained resurgent.
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Source: FIN24
Nigeria: Nigeria's Perfect Storm
April 22, 2020--Nigeria's economy has been dealt a blow, first by a collapse in the oil price, and then by rising costs to fight the spread of COVID-19. One of these crises alone would have been enough to derail 2020 growth, but both occurring simultaneously is devastating.
This couldn't have come at a worse time, with global growth facing its most fraught period since the 2007-8 financial crisis. The impacts will be far reaching and are ultimately interconnected.
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Source: allafrica.com
Local stocks firmer as inflation slows
April 22, 2020--The local bourse inched higher on Wednesday as global stocks took a breather following consecutive sessions of weakness.
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Source: FIN24
Nigeria:NSE-Market Indicators Resume Week With 0.01 Per Cent Loss
April 21, 2020--Activities on the Nigerian Stock Exchange (NSE) opened for the week on Monday with a marginal drop of 0.01 per cent.
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Source: FIN24
Stocks weaker as oil prices slump to multi-year lows
April 20, 2020--Global markets, including the JSE, slipped lower on Monday on the back of a slump in crude oil prices to multi-year lows.
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Source: FIN24