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Rand remains vulnerable amid trade and global growth jitters
October 30, 2018--While it firmed on Tuesday morning, the rand and other emerging market currencies are expected to remain vulnerable amid a speculative report that the US is preparing to hit China with fresh tariffs on consumer goods.
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Source: FIN24
Markets WRAP: Rand closes at R14.52/$, averaging R14.41 to R14.61
October 29, 2018--TreasuryOne said earlier that the rand was off Friday's lows as President Cyril Ramaphosa headed off to the G20 Africa summit in Berlin.
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Source: FIN24
African bond markets statistics
October 28, 2018--Here are a few overview statistics on African local currency bond markets taken from the African Financial Markets Initiative (AFMI) annual report 2017:
Total outstanding amount of African bonds and bills rose to $413bn in 2017 (up 13% on a year earlier), and bonds made up 70%.
More than 80% of the total comes from 5 countries: South Africa, Egypt, Morocco, Nigeria and Kenya (descending order of market capitalization). However, many markets are small with only 8 above $10bn in market capitalization and 19 markets below $1bn.
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Source: africancapitalmarketsnews.com
Stock markets slump at end of volatile week
October 26, 2018--Stock markets plunged once again Friday after US titans Amazon and Google-parent Alphabet missed key earnings targets, and geopolitics, Italian debt and Brexit worries clouded the outlook for the global economy.
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Source: FIN24
Markets WRAP: Rand closes at R14.64/$ | after see-sawing between R14.55 and R14.75
October 26, 2018--While the rand was still recovering from its hangover following the mid-term budget on Friday morning, it also came under pressure after Moody's rated the budget credit negative.
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Source: FIN24
Key questions to boost credibility of impact investing in Africa
October 24, 2018--Africa gets 12% of total impact investing into emerging markets
Africa has under-served sectors which can be great place for impact funds to deploy capital
Beware "impact washing" and "mission drift"
More adoption of global standards such as GIIRS and IRIS for funds
Despite being only a decade old as an industry, impact investing globally has shown impressive growth and obtained mainstream acceptance. However, there are some credibility concerns, particularly in Africa, that can be addressed with clear industry guidelines. This could help to accelerate the allocation of investors' capital into impact investments.
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Source: africancapitalmarketsnews.com
Rand on front foot as all eyes turn to Mboweni
October 24, 2018--The rand started on a firm footing as all the attention shifts to new Finance Minister Tito Mboweni's maiden mini budget speech later today.
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Source: FIN24
JSE down as rebound falls short
October 24, 2018--The JSE tried to stage a rebound in the afternoon session, but it came up short to close weaker.
