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SA in technical recession as second quarter GDP falls
September 4, 2018--South Africa is officially in a technical recession, after Stats SA announced on Tuesday that the country's real gross domestic product had decreased by 0.7% in the second quarter of the year.
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Source: FIN24
JSE struggles for direction as trade concerns dim optimism
September 3, 2018--The JSE got off to a cagey start as global markets struggled to find direction amid the trade war escalations.
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Source: FIN24
Rand starts week on back foot
September 3, 2018--Emerging market currencies are gearing up for economic news out of Turkey, while on the local front SA will learn whether it has entered a technical recession on Tuesday.
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Source: FIN24
Nigeria's pensions potential attracts foreign interest
September 2, 2018--The industry is still young but better regulation and a huge population are a draw for investors
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Source: FT.com
Kenya Is All Set to Launch Its First Blockchain Cryptocurrency
August 30, 2018--The East African country of Kenya is preparing to launch its first blockchain-based cryptocurrency.
It is expected that by the end of September 2018, the initial phase of the cryptocurrency will roll out and by May 2019, it is anticipated that it will be fully adopted in the trading sector.
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Source: livebitcoinnews.com
Local bourse closes firmer after a mixed trading session
August 29, 2018--The rand struggled against the US dollar as it weakened to a session low of R14.49/$ despite the US dollar trading mostly flat even as USA second quarter GDP numbers beat estimates.
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Source: FIN24
Firmer rand lifts financials and retailers on JSE
August 28, 2018--The rand briefly traded below R14 against the US dollar to reach a session high of R13.95/$ after news broke that the portfolio committee on public works had withdrawn the expropriation bill.
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Source: FIN24
Nigeria's GDP Grows By 1.5% in Q2-NBS
August 28, 2018--The National Bureau of Statistics (NBS), said Nigeria's Gross Domestic Product (GDP) grew by 1.50 per cent year-on-year in real terms to N16.58 trillion in the second quarter.
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Source: allafrica.com
Africa has phenomenal potential for intra-continental trade
August 25, 2018--Forty-nine of Africa's 55 countries signed the framework for the African Continental Free Trade Agreement (AfCFTA) to create a single continental market for goods and services, with free and unfettered movement of businesspeople and investments.
When at least 22 countries ratify it, the AfCFTA will officially come into force, potentially making the continent the largest trading bloc in the world.
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Source: un.org
Nigeria:Investors Positive Sentiment Lifts Capital Market
August 24, 2018--The bulls resurfaced in the equities market, at the close of trading at the Nigeria Stock Exchange
(NSE) with the All Share Index (ASI) closing higher by 1.57% to 35,206.16 points, as investors hunted bargains in DANGCEM shares.
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Source: allafrica.com
