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SA makes final junk hurdle, but GDP dives 1.2%
June 8, 2016--Ratings agency Fitch has affirmed SA's investment grade credit, and surprisingly kept its outlook stable, while Stats SA has revealed that first quarter GDP shrunk by 1.2%.
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Source: FIN24
All eyes on GDP and ratings agency Fitch
June 8, 2016--Economists expect a negative GDP reading for the first quarter of 2016, while ratings agency Fitch should follow Moody's and S&P and not downgrade SA to junk status.
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Source: FIN24
JSE rises as risk appetite grows
June 7, 2016--More risk appetite for shares, which has pushed global markets higher, also gave the JSE strong support with all the major indices higher by mid-morning.
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Source: FIN24
Rand's depreciation set to continue
June 7, 2016--Pressure on the rand is likely to resume amid continued policy uncertainty, political tensions, and lacklustre economic growth, according to Overberg Asset Management.
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Source: FIN24
Nigeria: Capital Market Slumps Below 3-Yr Lows in 2015-CSCS Boss
June 6, 2016--The Central Securities Clearing System (CSCS) Plc has stated that the Nigerian capital market slumped below its three-year low in 2015 due to dwindling crude oil price, foreign exchange problems and exodus of foreign portfolio investors.
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Source: AllAfrica.com
Bonds firmer, rand steady after S&P review
June 6, 2016--Government bonds have firmed after S&P Global Ratings review, but the rand failed to extend gains as the dollar recovered.
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Source: FIN24
Rand slips as volatility expected in wake of rating reprieve
June 6, 2106--The rand weakened in early trade on Monday and was expected to be volatile as the dollar recovered and investors digested news that S&P Global Ratings had affirmed the country's investment-grade credit rating.
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Source: FIN24
Double dose of good news for SA rand
June 3, 2016--The rand has received an unexpected boost due to a dismal May jobs report out of the US and the decision by S&P to leave SA's credit rating one notch above junk status.
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Source: FIN24
JSE shows gains despite downgrade threat
June 3, 2016--Investors on the JSE seem to be taking a possible downgrade to junk credit status in their stride, with all major indices solidly higher by mid-morning.
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Source: FIN24
SA dodges S&P 'junk' bullet-for now
June 3, 2016--S&P Global Ratings has affirmed South Africa's long and short term foreign and local currency bond ratings at 'BBB-/A-3' and 'BBB+/A-2' respectively.
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Source: FIN24
