JSE rallies on the back of positive Chinese sentiment
August 7, 2018--The JSE has closed higher as the big jump in Asian counters inspired a rebound in global stocks and Chinese stocks shrug off the prevailing trade war concerns.
August 3, 2018--Market bias is once again tipping the scale towards weakness, according to Bianca Botes, corporate treasury manager at Peregrine Treasury Solutions.
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Source: FIN24
JSE slides along with global peers on trade concerns
August 2, 2018--Global markets pulled back as trade concerns reignited on news that the Trump administration was looking to raise tariffs on $200bn worth of Chinese imports to 25%.
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Source: FIN24
Rand reels as hawkish Fed, trade war add to investor fears
August 2, 2018--The rand headed for its worst drop against the dollar in two weeks as a hawkish Federal Reserve and escalating trade tensions weighed on emerging-market currencies.
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Source: FIN24
IMF Country Focus South Africa: Restoring Confidence to Oil the Wheels for Growth
August 2, 2018--It's been almost 25 years since the end of apartheid, the system of institutionalized racial segregation that left most South Africans with limited access to basic services.
The post-apartheid years saw remarkable progress in terms of poverty reduction, access to education, and reducing unemployment. But some of those early achievements have unwound recently amid slow growth and political uncertainty.
The IMF's latest assessment of South Africa's economy projects real GDP growth will stay slightly below 2 percent in the medium term, not enough to increase living standards or make a dent in unemployment.
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Source: IMF