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Resources lead JSE rally
February 12, 2020--The JSE opened mildly firmer and climbed further as the session progressed. The surge started off in Asia where the Shanghai Composite Index gained 0.81%, the Hang Seng added 0.87% while the Nikkei rose 0.74%.
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Source: FIN24
JSE rebounds on the back of US index record highs
February 11, 2020--The sea-saw action in financial markets continues despite the ongoing risks associated with the coronavirus.
The gains in today's session seem to have been triggered by another record high trading session in the USA on Monday.
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Source: FIN24
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
