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Markets WRAP: Rand ends the day at over 1% weaker at R14.89/$
June 5, 2019--The local unit which opened at R14.65/$ closed 1.6% weaker to end the day at R14.89/$.
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Source: FIN24
South Africa: Economy Contracts By 3.2 Percent in the First Quarter
June 4, 2019--Statistician General Risenga Maluleke says the country's Gross Domestic Product (GDP) contracted by 3.2% in the first quarter of 2019.
Speaking at the release of the GDP results for the first quarter of 2019, Maluleke on Tuesday said this was largely due to the mining and quarrying and manufacturing industries being negative contributors to growth quarter-on-quarter
The manufacturing industry decreased by 8.8% and contributed -1.1 percentage points to the GDP.
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Source: allafrica.com
Markets WRAP: Rand closes at R14.68/$
June 4, 2019--TreasuryONE said previously that the rand was in for a volatile week.
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Source: FIN24
Markets WRAP: Rand closes at R14.4737/$
June 3, 2019--The rand closed at R14.4737/$ on Monday.
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Source: FIN24
Markets WRAP: Rand closes at R14.66/$
May 30, 2019--The local unit ended the day at R14.66/$, having opened at R14.64.
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Source: FIN24
New cabinet breathes life into JSE
May 30, 2019--The local equity market opened the day firmer as investors shook off the Ramaphosa cabinet announcement hangover.
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Source: FIN24
African Continental Free Trade Agreement Comes Into Effect
May 30, 2019--The African continental free trade agreement legally came into effect at midnight, but the countries that have signed up have until July to work out the details of how it will work.
It is only from then that we'll start to see what difference it could make.
The AU's commissioner for trade and industry Albert Muchanga celebrated the news on Twitter.
So far, only 24 African countries out of 54 have ratified the trade agreement with, among others, Africa's largest economy Nigeria yet to sign.
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Source: allafrica.com
JSE bucks trend in other global indices to close firmer
May 29, 2019--The local bourse rallied to close higher on Wednesday mainly on the back of a broad-based rebound across the sectors which fell in the prior session.
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Source: FIN24
Markets WRAP: Rand ends day at R14.74/$
May 29, 2019--After falling by 1% against the dollar in early trade, the rand recouped its losses to trade even against the greenback when the local market closed.
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Source: FIN24
Index change prompts record outflows from South Africa stocks
May 29, 2019--Foreign investors' sales of South African stocks jumped to a record as emerging-market index changes by compiler MSCI prompted money managers to adjust their holdings.
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Source: FIN24
