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JSE retreats as global sentiment remains weak
February 10, 2020--Investors continued to assess the impact of the coronavirus particularly to global growth with most sectors taking a rather cautious approach.
There are still broader concerns over the spread of the virus and how prepared health authorities are to contain it.
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Source: FIN24
Rand weakens to above R15/$
February 7, 2020--Emerging markets are coming under pressure due to concerns over the economic impact of coronavirus, says Bianca Botes of Peregrine Treasury Solutions.
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Source: FIN24
Stocks retreat despite robust US jobs data
February 7, 2020--The JSE closed softer on Friday in line with global markets which retreated despite robust US jobs numbers.
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Source: FIN24
JSE mildly firmer as momentum remains
February 6, 2020--The JSE closed mildly firmer on Thursday as markets remained buoyant following significant gains over the past two sessions.
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Source: FIN24
Rand may test sustained break above R15/$-analysts
February 3, 2020--A dent in global risk appetite caused by the coronavirus left the rand the worst performing currency against the dollar in January, notes Momentum Investments.
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Source: FIN24
Local stocks slide as global weakness persists
January 31, 2020--Pressure mounted on the JSE which saw it close weaker in tandem with trends in global markets which traded under pressure.
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Source: FIN24
African Economic Outlook 2020: Africa's economy forecast to grow despite external shocks
January 30, 2020--Africa's economic growth remained stable in 2019 at 3.4 percent and is on course to pick up to 3.9 percent in 2020 and 4.1 percent in 2021, the African Development Bank's 2020 African Economic Outlook (AEO) revealed Thursday.
The slower than expected growth is partly due to the moderate expansion of the continent's "big five"-Algeria, Egypt, Morocco, Nigeria, and South Africa-whose joint growth was an average rate of 3.1 percent, compared with the average of 4.0 percent for the rest of the continent.
The Bank's flagship publication, published annually since 2003, provides headline numbers on Africa's economic performance and outlook.
For the first time in a decade, investment expenditure rather than consumption accounts for more than half of GDP growth. Report calls for urgent investment in education and infrastructure for good returns in long-term GDP
view the African Economic Outlook 2020: Developing Africa's workforce for the future
Source: African Development Bank
Nigeria Records $4.7bn Impact Investment From 2015, Says Report
January 30, 2020--Nigeria recorded $4.7 billion inflow of impact investment from 2015 to date, the Impact Investors Foundation (IIF) said in a new report.
The report, which was contained in a study on "Impact Investing and Policy Landscape Analysis: Nigeria and Ghana," indicated that Nigeria's impact investment market of $4.7 billion was 3.9 times the size of Ghana's $1.2billion since 2015.
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Source: allafrica.com
Rand hits lowest level of the year
January 30, 2020--The Rand had a rocky showing against the dollar on Thursday, trading at R14.73 to the greenback by 17:30 on Thursday afternoon, its lowest point for the year so far.
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Source: FIN24
IMF Staff Country Report-South Africa: Selected Issues
January 30, 2020--THE GROWTH-INFLATION TRADEOFF OF MONETARY POLICY IN SOUTH AFRICA1
The combination of low growth and stubbornly high inflation expectations for a protracted period has
complicated monetary policy decisions. Staff analysis contributes to the ongoing growth-inflation
tradeoff discussion in South Africa, concluding that there is limited growth tradeoff of monetary policy
efforts to anchor inflation expectations at a lower level at present.
A. Introduction
Growth and Inflation
1. Economic growth declined in South Africa and started to undershoot its peers in the past decade, highlighting the role of unaddressed structural constraints. As discussed in Annex I, South Africa's macroeconomic performance appears to have witnessed an important inflection point between the 2000s and the 2010s, which broadly coincides with the global financial crisis in 2008-09. Real GDP growth (year on year) halved after the Global Financial Crisis, from 4.3 percent during 2000-07 to 2 percent during 2010-17 and eked out just 0.8 percent in 2018. Monetary and
fiscal policies have lent significant growth support, but structural rigidities have kept business
confidence low, depressing private investment and growth. Demand for credit has weakened, while
banks have refrained from expanding loans, in the low growth environment.
view the IMF Staff Country Report-South Africa: Selected Issues
Source: IMF