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South Africa: Staff Concluding Statement of an IMF Staff Visit
November 19, 2018--Following the leadership transition, the government stepped up its efforts to improve governance and enhance the dialogue with the private sector, but reform implementation has faced headwinds.
Markets reacted favorably to the government's efforts aimed at fostering an environment more conducive to private investment, growth, job creation, and social inclusion.
However, some of the initial optimism has dissipated as growth remains stuck in low gear and reform implementation has faced constraints. Economic reforms in a number of areas, in particular, strengthening the finances of state-owned enterprises (SOEs), reducing the cost of doing business, and increasing competition are proceeding, albeit slowly. The recent investment conference between government and businesses--domestic and international--on unlocking the vast investment opportunities is welcome.
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Source: IMF
Markets WRAP: Rand strengthens by over 1% against dollar in afternoon trade
November 16, 2018--After weakening against the greenback in the early afternoon, the rand strengthened in the late afternoon to trade at R14/$.
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Source: FIN24
Regulated blockchain and commodity exchanges coming to Mauritius
November 15th, 2018--GMEX Group is leading in plans to launch a revolutionary blockchain exchange platform in Mauritius with MINDEX Holdings Limited (MINDEX) linked to Mauritius International Derivatives and Commodities Exchange and Hybrid Stock Exchange Corporation Limited (HYBSE).
The new bourse will be called HYBSE International Marketplace. The partners are:
MINDEX: a complete exchange, post trade and physical infrastructure, facilitating a variety of asset classes to be traded in Mauritius, supported by GMEX
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Source: africancapitalmarketsnews.com
JSE closes weaker as Tencent releases third-quarter earnings
November 14, 2018--The JSE closes softer after trading mostly in the red.
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Source: FIN24
Markets WRAP: Rand closes at R14.28/$, after trading between R14.27 and R14.47/$
November 14, 2018--The rand, along with other emerging market currencies, firmed on the back of the weaker dollar.
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Source: FIN24
Rebound falls short as JSE closes weaker
November 13, 2018--The JSE closed weaker on Tuesday following a relatively mixed session where the local index struggled for direction.
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Source: FIN24
Markets WRAP: Rand closes at R14.46/$, after trading between R14.35 and R14.56/$
November 13, 2018--The rand closed at R14.46/$ and remained steady despite the news that President Cyril Ramaphosa had accepted Home Affairs minister Malusi Gigaba's resignation.
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Source: FIN24
Markets WRAP: Rand closes at R14.37/$, averaging between R14.28 and R14.44
November 12, 2018--The rand was trading at Friday's weaker levels on the back of a firmer dollar.
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Source: FIN24
JSE closes weaker as fresh fears are reignited into global markets
November 9, 2018--The JSE closed weaker along with other global markets on Friday as fears were sparked due to concerns over China and the US Fed.
