Africa ETP News
you are currently viewing::Nigeria: Stock Investors Gain N619bn in May Despite Rates HikeJune 3, 2024--Analysts expect bearish outlook in June
This is a sharp contrast from the previous month when the market declined by 6.16 percent after losing more than N3.5 trillion in value following a 200 basis points increase in the monetary policy rate, MPR, to 24.75 percent by the central bank. This had resulted in migration of assets to the fixed income market. Source: allafrica.com/ |
South African growth outlook has improved but inflation risks abound, central bank says at Davos
January 21, 2025--Growth in Africa's most industrialised economy could be close to 2% in 2025, versus the 1.1% growth projected for 2024
South Africa's economic outlook is better this year than last, but the inflation picture is more muddied as risks abound, its central bank governor said on Tuesday.
JSE plunges to lowest level in four months
January 14, 2025-- Industrial stocks recorded the biggest losses.
It was a sea of red on the JSE on Monday, with the bourse closing 1.7% down, at 82 046 points- its lowest level since mid-September.