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Rand rallies with bonds as SA dodges
November 4, 2019--The rand climbed and government bonds gained the most in 20 months after South Africa clung to its last investment-grade credit rating.
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Source: FIN24
JSE tracks global stocks higher
November 4, 2019--The JSE edged higher on Monday as it tracked other global markets higher, inspired by trade optimism.
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Source: FIN24
JSE firmer ahead of Moody's ratings review
November 1, 2019--The JSE extended its gains on Friday led yet again by gains on the resources index.
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Source: FIN24
Africa: The African Continental Free Trade Area (AfCFTA) Enters Into Force
October 25, 2019--On May 30, 2019 Africa made history as the Agreement establishing the AfCFTA officially entered into force.
With 54 out of the 55 member states of the African Union signing the agreement, Africa brought into being the largest trading block since the formation of the WTO.
The entry into force of the AfCFTA is also marked by the speed at which African countries worked together within a year to establish a regional trading block to promote intra-African trade following the adoption of the AfCFTA on March 21, 2018 in Kigali, Rwanda.
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Source: allafrica.com
Financials pull the JSE lower
October 24, 2019--Local stocks seemed to take a leaf from the firmer close in Asian markets where the Japanese Nikkei closed 0.55% firmer while the Hang Seng gained 0.87%.
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Source: FIN24
Resources lead gains on the JSE
October 21, 2019--A resource-led rally saw the JSE close firmer on Monday amidst a global market which was struggling to digest developments with Brexit
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Source: FIN24
Muzzled session for the JSE
October 18, 2019--Markets in Asia did have some direction primarily on the back of weaker than expected Chinese GDP numbers which fell to a 30-year low of 6.0% QoY.
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Source: FIN24
Connecting Africa to Broadband: A Roadmap for Inclusive Growth
October 17, 2019--STORY HIGHLIGHTS
A new report says around $100 billion will be needed to achieve universal access to broadband connectivity in Africa by 2030
The report calls for urgent action to close the internet access gap while providing a roadmap and action plan for reaching this objective
This report, one of the first to quantify the cost of bridging the broadband gap in North and Sub-Saharan Africa, is the first deliverable of the Broadband Commission Broadband for All Working Group
What will it take for Africa to connect an additional 1.1 billion people online by 2030 and bridge the connectivity gap? A new report launched today at the World Bank/IMF Annual Meetings estimates the cost of closing the digital divide at around $100 billion or close to US$9 billion a year. The challenge shouldn't be underestimated. In Sub-Saharan Africa, about a third of the population remains out of reach of 3G networks compared to about 2 percent in North Africa.
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Source: World Bank
JSE buoyed by firmer close in Asia
October 16, 2019--The JSE took a leaf from the Asian markets trading session as it closed firmer on Wednesday.
This contrasted with trends in Europe and the USA where stocks eased from prior session highs as doubts started to creep in over Brexit and US earnings.
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Source: FIN24
Resources set tone for the local bourse
October 14, 2019--The JSE also shrugged off earlier momentum from Chinese markets which rallied on the optimism of a partial trade deal.
The rand held on to its gains as it peaked at a session high of R14.72/$ before it was recorded trading 0.01% firmer at R14.79/$ at 17:00.
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Source: FIN24
