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Nigerian Equities Market Outperforms SA, Egypt,Others
August 5, 2013--The Nigerian equities market has continued to record impressive performance among its African peers, outperforming other markets such as South Africa, Egypt, Zambia, Mauritius and Kenya as at end of July 2013.
Nigeria was one of the best performing in 2012 and the same trend has continued. By the end of July the Nigerian market recorded a growth of 35 per cent. The performance is second behind only Ghana that posted a return of 61 per cent. Kenya came third with 30 per cent while Zambia recorded a growth of 27 per cent.
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Source: AllAfrica.com
JSE surges to near record close
August 2, 2013--South African stocks have surged 1.7%,
putting the benchmark Top 40 index within shouting distance of a record close.
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Source: FIN24
Rand breaches R10/$ level
August 2, 2013--The rand has fallen through the psychologically important level of R10/$,
with upbeat expectations about US jobs data bolstering the greenback.
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Source: FIN24
Ashiru -Nigeria's Foreign Direct Investment Now U.S.$8.9 Billion
August 2, 2013--The Minister of Foreign Affairs, Ambassador Olugbenga Ashiru, Thursday told the members of the National Working Committee (NWC) of the Peoples Democratic Party (PDP) that the foreign direct investment (FDI) into Nigeria rose significantly to $8.9 billion at the end of 2012.
The amount, he said was far higher than the $6.1 billion realised by the country in 2010. He also said at the end of 2012, Nigerians in the Diaspora contributed over $15 billion to the economy. Also, the minister of foreign affairs told the PDP NWC members that there were over 9,500 Nigerians in foreign prisons.
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Source: AllAfrica.com
Rand vulnerable ahead of US jobs data
August 1, 2013--The rand has weakened slightly against the dollar
and remained vulnerable ahead of the release of the globally watched US jobs data.
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Source: FIN24
JSE extends gains, Absa hammered
July 31, 2013--The JSE has closed higher for a second-straight session, buoyed by paper--maker Mondi,
but Absa tumbled over 7%, posting its biggest one-day drop in a year.
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Source: FIN24
Rand remains under pressure
July 31, 2013--The rand has dropped against the dollar, on track to extend three days of losses ahead of domestic
trade account data and a Federal Reserve policy review.
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Source: FIN24
JSE finalising results
July 29, 2013--The JSE [JSE:JSE] is currently finalising its results for the six months ended June 30 2013.
The results are expected to be released on August 13 2013.
Stakeholders are advised that the basic earnings per share ("Eps") of the JSE group for the period are expected to be between 180% and 200% higher than the previous year's 117 cents per share.
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Source: FIN24
Rand softer, import pressure seen
‎July 29, 2013--The rand has been softer against the dollar, retreating a few cents after data showed a slow down of
growth in credit extension to the private sector in June.
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Source: FIN24
SA stocks fall short as SABMiller weighs
July 26, 2013--The JSE dipped 0.4% as shares of SABMiller were hit after the world's second-largest beer maker
reported lower volumes and gold producers continued to struggle.
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Source: FIN24