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Rand threatens to break through R14/$ amid emerging market rout
June 28, 2018--The rand threatened to break through R14 to the dollar on Thursday as the US dollar kept drawing strength from struggling world economies.
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Source: FIN24
JSE buoyed by recovery in global equities
June 27, 2018--The JSE recovered from an earlier slump to close the day firmer on Wednesday as global equities staged a minor recovery.
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Source: FIN24
Rand losing out to some of most volatile EM currencies
June 27, 2018--Not only is the rand down the most in emerging-markets, it has also crossed key milestones against other developing-nation currencies.
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Source: FIN24
Nigeria: World Bank, AfDB, Others Raise $1.57bn for Nigerian Grid Expansion
June 26, 2018--The Managing Director of Transmission Company of Nigeria, TCN, Mr. Usman Gur Mohammed, has disclosed that multilateral donor agencies have raised $1.57 billion for the agency to expand Nigeria's electricity grid to 20,000 megawatts within the next four years.
Mohammed, who revealed this in Abuja during a two-day workshop to review supervisory control and data acquisition, SCADA, and electricity management system, EMS, plans in Abuja, said the donor agencies include the World Bank, African Development Bank, AfDB, Japan International Cooperation Agency, JICA, and French Development Agency.
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Source: allafrica.com
JSE erases earlier gains to end the day weaker
June 26, 2018--The JSE erased earlier gains to close weaker on Tuesday as index heavyweight Naspers dragged the blue chips lower.
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Source: FIN24
Rand remains vulnerable to trade wars
June 26, 2018---The rand and other emerging market currencies came under pressure with trade wars back in the spotlight.
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Source: FIN24
Bond flight from SA spurs warning of worse to come
June 26, 2018--Foreign investors' holdings of South African bonds have dropped to the lowest level in over a year following a record sell-off since the beginning of May, and a senior Treasury official says there could be worse to come
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Source: FIN24
JSE closes weaker due to increased trade war concerns
June 25, 2018--The JSE closed weaker as global markets started on the backfoot due to increased trade war concerns.
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Source: FIN24
Blue chips, stronger rand lift JSE
June 22, 2018--The JSE closed firmer on Friday as blue-chip stocks and the stronger rand helped propel the bourse higher.
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Source: FIN24
