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JSE recovery gains momentum
July 14, 2014--The reversal of last week's correction on the JSE has picked
up speed and by midday the major indices were all more than 0.5% higher.
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Source: FIN24
Rand flat as metal strike grinds on
July 14, 2014--The rand traded sideways against the dollar,
shrugging off a rejection by striking metal workers of the latest wage offer from employers.
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Source: FIN24
Stocks rebound after days of losses
July 11, 2014--The Johannesburg Stock Exchange has posted moderate gains,
halting four straight sessions of declines.
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Source: FIN24
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
