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Rand rally cut short on US assassination of top Iranian general
January 3, 2020--The rand weakened by as much as 2% on Friday morning in the wake of the assassination of Qasem Soleimani by the US military.
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Source: FIN24
Africa Exchanges Lobby Group Plans to Link Seven Bourses by 2021
December 30, 2019--Tie-up aims to boost trading in securities on the continent
IFC studying potential for privatizations through listings.
The African Securities Exchanges Association has started a project that will link seven bourses on the continent by the first quarter of 2021 as part of efforts to increase trading in securities.
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Source: Bloomberg.com
Kenyan shares beat the JSE by a massive margin over the past decade
December 29, 2019--Nairobi's benchmark gauge climbed 74% since the decade opened, with the JSE up just short of 9% in dollar terms.
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Source: FIN24
Rand strength seems 'somewhat divorced' from actual SA sentiment-economist
December 28, 2019--The current strength of the rand appears to be "somewhat divorced" from actual sentiment around the SA economy, an emerging markets economist tells Fin24.
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Source: FIN24
Nigeria Economic Update: Accelerating Economic Expansion, Creating New Job Opportunities
December 19, 2019 – Nigeria could enable millions of citizens to escape poverty over the next decade through enacting bold reforms designed to boost economic productivity, according to the latest economic analysis.
The Nigeria Economic Update, Jumpstarting Inclusive Growth: Unlocking the Productive Potential of Nigeria's People and Resource Endowments, says the country's productivity-how successfully the economy transforms land, labor, capital and other inputs into goods and services-is low compared to peer countries, hindering economic growth, job creation, and living standards.
Without robust productivity growth, the report warns that living standards will continue to deteriorate, and the number of people living in poverty will continue to rise, increasing by more than 30 million by 2030.
view the World Bank Nigeria Economic Update, Jumpstarting Inclusive Growth: Unlocking the Productive Potential of Nigeria's People and Resource Endowments
Source: World Bank
JSE holds on to gains
December 12, 2019--After having opened and trading mostly firmer in the morning session on Thursday, the local bourse relinquished most of its gains despite eventually closing firmer on the day.
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Source: FIN24
JSE firmer as inflation slows for a consecutive month
December 11, 2019-The local bourse edged higher on Wednesday on the back of modest gains across all the major indices.
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Source: FIN24
Local bourse struggles for direction
December 9, 2019--The JSE struggled for direction on Monday before eventually closing mildly softer after a muted session.
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Source: FIN24
Nigeria: Moody's Changes Nigeria's Ratings From Stable to Negative
December 5, 2019--Moody's Investors Service, one of the global credit rating agencies, wednesday changed its outlook on Nigeria's ratings to negative from stable.
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Source: allafrica.com
JSE softer as domestic pressures weigh
December 5, 2019--The local bourse closed softer on Thursday on the back of broad-based losses across all the major indices.
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Source: FIN24