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Markets WRAP: Rand closes at R13.70/$, while stocks struggle on Brexit developments
January 17, 2019--The rand ended the day at R13.70/$, while British Prime Minister Theresa May is set to face a no-confidence vote in UK Parliament.
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Source: FIN24
African Economic Outlook 2019: Africa growth prospects remain steady, industry should lead growth
January 17, 2019--Africa's general economic performance continues to recover and GDP growth is projected to accelerate to 4.0 percent in 2019 and 4.1 percent in 2020. But improved macroeconomic and employment outcomes require industry to lead growth, according to the 2019 African Economic Outlook report, launched today by the African Development Bank.
Published annually since 2003, the African Development Bank's flagship report provides headline numbers on Africa's economic performance and outlook.
The focus of the 2019 report on regional integration for Africa's economic prosperity, highlights integration for trade and economic cooperation and the delivery of regional public goods.
view the African Economic Outlook 2019 Macroeconomic
performance and prospects
Source: African Development Bank Group
JSE closes weaker as retailers flag lower festive season sales
January 17, 2018--Trading updates from Mr Price and Woolworths reflected lower than expected sales volumes during the December holidays.
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Source: FIN24
JSE mildly firmer as global stocks shrug off Brexit vote
January 16, 2019--On the local front there was disappointment as mining production data for November reflected a significant contraction.
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Source: FIN24
Markets WRAP: Rand closes at R13.83/$
January 14, 2018--TreasuryONE's Andre Botha said earlier the jump in the rand could be attributed to a couple of things -one of which was the start of the political parties election manifesto.
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Source: FIN24
Performance on African stock exchanges in 2018
January 14, 2019--We don't need to tell you 2018 was rough for equity investors, particularly the last four months.
Only 2 African exchanges managed to buck the global trend, as judged by this table of performance of main indices for investors looking for USD returns, although four had a positive return for local currency investors.
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Source: africancapitalmarketsnews.com
Markets WRAP: Rand holds firm, ends the day at R13.88/$
January 11, 2019--The rand remained on a firm footing, closing at R13.88 to the US dollar, which slid on dovish comments from the Federal Reserve Bank.
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Source: FIN24
Markets LIVE: Rand gets 'comfortable' as EMs on the front foot
January 10, 2019--The major factor last night was the release of the Fed minutes which suggested that the Fed will be more cautious with their rate hiking path than initially expected, says TreasuryONE's Andre Botha.
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Source: FIN24
Markets WRAP: Rand closes at R13.86/$
January 9, 2019--"The overall tone in the markets is for some EM strength but as we have seen in the past, sentiment is fickle and it only takes one headline for it to change," said TreasuryONE's Andre Botha.
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Source: FIN24
Nigeria's 2.1% Economic Growth to Spur West Africa 2019 Forecast
January 8, 2019--Nigeria's 2.1 per cent economic growth projection in 2019 is expected to drive the regional growth forecast of 2.9 per cent, the United Nations report has projected.
The report by the UN Secretary-General on the 'Socioeconomic Trends' West African sub-region, forecasted an economic rebound in the West Africa sub-region in 2019.
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Source: allafrica.com
