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JSE inches higher as global equities remain mixed
October 19, 2018--The JSE inched higher as global equities were relatively mixed after Donald Trump's recent statement on Chinese tariffs, writes Musa Makoni of Purple Group.
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Source: FIN24
Markets WRAP: Rand closes at R14.01/$, with the day's range between R13.92 and R14.06
November 19, 2018--The rand held onto its gains for most of the day.
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Source: FIN24
Zimbabwe: Does Bitcoin Mining Fuel Climate Change?
November 19, 2018--Acommon mainstream media narrative is how bitcoin mining consumes a lot of coal-generated electricity, thereby fuelling climate change. Much less is said about electricity usage involving legacy, monopoly financial institutions like commercial banks.
This bias is confirmed by a recent study that has received worldwide coverage from an equally conflicted Press. In the study, researchers at University of Hawaii at Manoa examined how the rapid increase in the use of cryptocurrency like bitcoin would harm the climate.This bias is confirmed by a recent study that has received worldwide coverage from an equally conflicted Press. In the study, researchers at University of Hawaii at Manoa examined how the rapid increase in the use of cryptocurrency like bitcoin would harm the climate.
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Source: allafrica.com
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
