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JSE closes flat as stocks take a breather after previous session's rally
April 2, 2019--The JSE paused on Tuesday as it took a breather along with most global markets following a significant rally in the previous session.
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Source: FIN24
Nigeria: Nigerian Stocks Now Cheapest Among African Peers
April 1, 2019--A sustained bear rally in the Nigerian equities market led to decline of 1.24 per cent in the first quarter (Q1) of 2019, thus making Nigerian equities the cheapest among its peers on the continent, THISDAY has learnt.
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Source: allafrica.com
Markets WRAP: Rand closes at R14.17/$
Markets WRAP: Rand closes at R14.47/$
What history tells us about the current state of the JSE view more
Mixed trading session for the JSE as SARB keeps rates unchanged
Ethiopia: Africa's Next Powerhouse? view more
Markets WRAP: Rand closes at R14.60/$
JSE steam rolls ahead despite concerns over Turkey winners and losers
Only One Country Needed to Realise Africa Single Market
April 1, 2019--The rand closed at R14.17 against the dollar after substantial gains.
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Source: FIN24
March 29, 2019--This ahead of an expected credit rating by Moody's later tonight.
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Source: FIN24
March 29, 2019--Markets are long-term machines
After the weak returns on the JSE over the past five years, it's difficult to remember where the market was back in 2014. At that point, South African equities had delivered 19.9% per year for the five years following the 2008 financial crisis.
It was an exceptional period of growth, fuelled by the stimulus injected by the world's central banks. Investors had rarely enjoyed such sustained high returns. However, as Graham Tucker, portfolio manager with the Old Mutual MacroSolutions boutique points out, it was never going to be sustainable.
Source: moneyweb.co.za
March 28, 2019--The South African Reserve Bank left the repurchase rate unchanged at 6.75% as the Monetary Policy Committee indicated that there was little evidence of demand side pressures to the economy.
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Source: Zawya.com
March 29, 2019--Ethiopia's prime minister, Dr. Abiy Ahmed-the youngest African leader at 42 years old-has initiated a series of unprecedented economic and political reforms in his first 12 months in office.
The core challenge that he faces is moving the economy from state-led to market-based growth while overseeing far-reaching political reforms. Success is far from guaranteed but his accomplishments so far have created an enormous sense of opportunity within the country.
Source: /allafrica.com
March 27, 2019--The rand closed at R14.60/$ on Wednesday.
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Source: FIN24
March 27, 2019--The Turkish government has implemented measures to control trading in the lira in an effort to plug the sell-off in the currency by investors looking to flea to safety ahead of the upcoming elections.
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Source: FIN24
March 26, 2019--Ethiopia last week ratified the African Continental Free Trade Area (AfCFTA), leaving only one more ratification for it to take effect.
Twenty-two ratifications are required for the agreement to enter into force and so far 21 countries have ratified their instruments.
Since the March 2018 AU Summit in Kigali when the continental pact was launched and signed by 44 states, eight more---South Africa, Sierra Leone, Lesotho, Burundi, Namibia, Guinea Bissau, Botswana and Zambia ---have signed. Only Eritrea, Benin, Nigeria and Tanzania remain.
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