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UPDATE: Rand runs on US inflation data and easing world tensions
May 10, 2018--The rand rallied, flirting with the R12.30/$ level after US consumer inflation numbers came in lower than expected at only 2.1% for April.
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Source: FIN24
JSE closes firmer as global markets react to Iran deal exit
May 9, 2018--The seesaw on the JSE continued as the local bourse managed to close firmer on Wednesday.
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Source: FIN24
Rand slips as Trump's Iran move fuels dollar
May 9, 2018--A sustained break of the R12.70-level against the US dollar could open up the debate for the rand trading up to the R13.00 level- says a TreasuryONE senior currency dealer.
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Source: FIN24
IMF-Sub-Saharan Africa Regional Economic Outlook: Domestic Revenue Mobilization and Private Investment
May 8, 2018--Sub-Saharan Africa is set to enjoy a modest growth uptick, and decisive policies are needed to both reduce vulnerabilities and raise medium-term growth prospects.
Average growth in the region is projected to rise from 2.8 percent in 2017 to 3.4 percent in 2018, with growth accelerating in about two-thirds of the countries in the region aided by stronger global growth, higher commodity prices, and improved capital market access. On current policies, average growth in the region is expected to plateau below 4 percent-barely 1 percent in per capita terms-over the medium term.
JSE softer ahead of Trump's decision on Iran
May 8, 2018--The JSE closed weaker on Tuesday as stocks retreated from their mildly firmer close on Monday.
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Source: FIN24
JSE inches higher after slow start
May 7, 2018-The JSE has recorded a firmer close, after a relatively lukewarm trading session where the index lacked significant momentum.
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Source: FIN24
Blue chip counters propel JSE higher
May 4, 2018-The JSE firmed on Friday as it rebounded from the aggressive sell-off recorded on Thursday.
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Source: FIN24
JSE slides in line with global markets
May 3, 2018--The JSE closed weaker on Thursday, as it followed the trend lower in other global markets.
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Source: FIN24
Nigeria Economic Update: Connecting to Compete
May 2, 2018--According to the World Bank Nigeria Bi-annual Economic Update released today, Nigeria emerged from recession in 2017.
Titled Connecting to Compete, the report says that Nigeria's GDP growth reached 0.8 percent, driven by an expansion in oil output and continued steady growth in agriculture.
The decline in the non-oil, non-agriculture sector however continued, as aggregate demand remained weak and private sector credit low. The rates of unemployment and underemployment increased in 2017 and poverty is estimated to have increased slightly. GDP growth in 2018 is expected to hover just over 2 percent, largely oil sector-driven.
view the World Bank-Nigeria biannual economic update : connecting to compete report
Source: World Bank
JSE ends firmer after choppy trading session
May 2, 2018--The JSE closed firmer after a relatively flat trading session in which the local bourse struggled for direction.
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Source: FIN24
