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Rand near 3-week low
April 25, 2014--The rand has weakened against the dollar
looking to extend four days of daily losses as dealers offloaded the currency ahead of a long weekend.
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Source: FIN24
April 2014 Regional Economic Outlook: Sub-Saharan Africa
April 24, 2014--The April 2014 Regional Economic Outlook: Sub-Saharan Africa anticipates a pickup in economic growth in 2014 but the region continues to face risks from both external and internal factors, among them slower growth in emerging markets which could impact both export demand and commodity prices.
This report analyzes the possible impact of global forces on continued growth in sub-Saharan Africa and the policy actions that are needed to address these challenges. Chapters also discuss fostering a climate of inclusive growth and improving monetary policy frameworks in the region.
view the IMF April 2014 Regional Economic Outlook: Sub-Saharan Africa report
Source: IMF
JSE reaches new peak
April 24, 2014--South African stocks booked their highest close on record as shares of Anglo American
and its unit Kumba Iron Ore rose on solid first-quarter production.
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Source: FIN24
Rand under pressure as risk appetite wanes
April 24, 2014--The rand is still under pressure after breaching the key R10.6000 mark to two-and-a-half week lows
with Ukraine fears seen keeping risk appetite in check.
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Source: FIN24
Rand remains under pressure
April 23, 2014--The rand has extended losses against the dollar
keeping in step with its emerging market peers.
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Source: FIN24
JSE stocks mixed after scaling records
April 23, 2014--South African shares have ended mixed after reaching record highs,
despite an hour-long technical glitch.view more
Source: FIN24
JSE rises as strike talks boost miners
April 22, 2014--Mining firms helped lift the bourse, after mining union members and executives from the world's top platinum producers resumed talks end a crippling strike.
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Source: FIN24
Rand at week low vs dollar
April 22, 2014--The rand has fallen against the greenback as renewed concerns over Ukraine put pressure on emerging markets.
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Source: FIN24
IMF-Nigeria: 2013 Article IV Consultation-Staff Report
Press Release and Statement by the Executive Director for Nigeria
April 22, 2014-- Summary: KEY ISSUES Context. Despite recent strong non-oil growth, poverty and income inequality remain high and social and governance indicators are below averages for sub-Saharan Africa. Structural reforms under the Transformation Agenda are ongoing, but significant infrastructure gaps and weak institutional capacity still retard growth prospects.
At the same time, vulnerabilities are rising in the buildup to general elections in 2015 and fiscal buffers have been reduced. Meanwhile, GDP is being rebased and structural shifts may suggest a refocus in some policy areas. Outlook and Risks. Growth is expected to remain strong, driven by agriculture, trade, and services. Inflation should continue to decline, in line with a tight monetary policy, and a lowering trend in food prices from higher rice and wheat production.
view the IMF-Nigeria: 2013 Article IV Consultation-Staff Report
Source: IMF
China's growth slows to 18-month low
April 18, 2014--China's economy grew at its slowest pace in 18 months in the first quarter of 2014, official data showed on Wednesday, with signs of waning momentum already prompting limited government action to steady the world's second-largest economy.
Authorities have ruled out major stimulus to fight short-term dips in growth, and some analysts think the economy will continue to lose momentum into the middle of the year.
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Source: FIN24
