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October is high-risk month for rand's recovery
October 1, 2018--Emerging markets are rebounding from the second-quarter horror show, but for South Africa's rand October still holds large risks.
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Source: FIN24
Rand undervalued, could hit R11/$, says Goldman Sachs exec
September 28, 2018--South Africa's rand is undervalued and there's scope for the currency to strengthen to as much as 11 per dollar, says Colin Coleman, head of sub-Saharan Africa at Goldman Sachs Group.
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Source: FIN24
Rand advances in late trade leaving JSE in the red
September 26, 2018--South African markets were generally flat as investors look to the US Federal Reserve for direction.
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Source: FIN24
Rand keeps gaining despite US Fed rate hike
September 27, 2018--The rand touched R14/$ on Wednesday evening, trading 0.61% stronger at R14.03/$ by 6.00pm SA time.
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Source: FIN24
Choppies gets chopped as JSE sees red
September 25, 2018--Equity markets opened the week deep in the red on Tuesday after the Heritage Day public holiday on Monday.
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Source: FIN24
Rand steady ahead of Fed rates announcement on Wednesday
September 25, 2018--Analysts expect the US central bank to hike rates by 25 basis points from 2.00% to 2.25% on Wednesday afternoon.
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Source: FIN24
First African fixed income ETF listed in Mauritius, tracking bond index
September 21, 2018--African Development Bank (AfDB) and Mauritius Commercial Bank Group (MCB) have launched the African Domestic Bond Fund (ADBF), a pioneer exchange-traded fund (ETF) accessible to investors through listing on 18 September on the Stock Exchange of Mauritius.
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Source: africancapitalmarketsnews.com
JSE rallies as Ramaphosa announces economic stimulus plan
September 21, 2018--The JSE rallied to close firmer following the announcement of the economic stimulus plan by President Cyril Ramaphosa.
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Source: FIN24
After firming, rand weakens in wake of stimulus announcement
September 21, 2018--The rand initially firmed 0.65% to R14.19/$ following the release of President Cyril Ramaphosa's R50bn economic stimulus package, but subsequently weakened to trade at R14.36/$.
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Source: FIN24
Ramaphosa's stimulus plan: What you need to know
September 21 2018--An upbeat President Cyril Ramaphosa announced the government's much-vaunted economic stimulus plan at the Union Buildings in Pretoria on Friday.
Here is what you need to know.
There is no big number to the plan and it is difficult to determine exactly how much money the state will pump into the economy in an effort to jump-start growth.
The plan rather centres around the reprioritisation of existing budgets.
R50bn, however, is a one hard number mentioned the the president.
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Source: FIN24
