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South Africa: Economy Slips into Technical Recession as GDP Drops
September 4, 2018--African economy slipped into recession during the second quarter of 2018, shrinking by 0,7% quarter-on-quarter (seasonally adjusted and annualised).
This followed a revised 2,6% contraction in the first quarter of 2018.
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Source: allafrica.com
JSE weaker as SA slips into recession
September 4, 2018--The JSE fell on Tuesday after data released by Statistics SA showed that South Africa's GDP contracted for a second consecutive quarter.
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Source: FIN24
Rand piles on losses as SA enters recession
September 4, 2018--The rand fell on the back of Stats SA's announcement that the country's real gross domestic product had contracted by 0.7% in the second quarter of the year.
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Source: FIN24
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
