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South Africa: Economy Dodges Bullet As Ratings Agency Confirms Investment Grade
June 3, 2016--South Africans breathed a sigh of relief late on Friday when a major ratings agency affirmed its current assessment of South Africa's creditworthiness.
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Source: AllAfrica.com
Rand edges up amid rate review jitters
June 1, 2016--The rand has been a touch firmer against the dollar but is unlikely to post significant gains as investors fret about Standard & Poor's upcoming credit rating review.
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Source: FIN24
JSE records longest monthly gains in two years
May 31, 2016--Johannesburg stocks posted the longest stretch of monthly advances in almost two years.
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Source: FIN24
Rand recovers, helped by higher commodity prices
May 31, 2016--The rand has picked up helped by a recovery in commodity prices and as the dollar's recent rally on expectations the US interest rates could rise next month took a breather
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Source: FIN24
Emerging stocks advance to three-week high
May 31, 2016--Emerging-market stocks have risen to a three-week high as optimism the US economy will withstand higher interest rates improved the outlook for exporters.
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Source: FIN24
Rand set for worst month since 2013 as downgrade threat looms
May 31, 2016--The rand has weakened almost 10% this month as expectations the Fed will raise rates boost the dollar and the threat of a downgrade of SA's credit rating weighs on the currency.
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Source: FIN24
Africa: African Countries May Fall Into Debt Trap-AfDB
May 26, 2016--African countries that have borrowed from international capital markets may be sliding into a debt trap as a result of rising interest rates, the African Development Bank said.
Increasingly, many African countries, taking advantage of the low global interest rates, have rushed to the international capital markets by issuing bonds. Between 2006 and 2014, African nations issued $26 billion in Eurobonds. And in 2015 alone, a total of $12 billion of Eurobonds were issued.
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Source: allafrica.com
African Economic Outlook 2016
May 23, 2016--How Africa urbanises will be critical to the continent's future growth and development, according to the African Economic Outlook 2016 released today at the African Development Bank Group's 51st Annual Meetings.
Africa's economic performance held firm in 2015 amid global headwinds and regional shocks. The continent remained the second fastest growing economic region after East Asia. According to the report's prudent forecast, the continent's average growth is expected at 3.7% in 2016 and pick up to 4.5% in 2017, provided the world economy strengthens and commodity prices gradually recover.
view the African Economic Outlook 2016-Sustainable Cities and Structural Transformation
Source: African Economic Outlook
pwc-The Africa business agenda-
May 20, 2016--Africa's diverse markets present opportunities for companies willing to invest the time to understand
them.
The cost of doing business
here can be high, but so too are
the rewards, particularly for those
prepared to take a truly long-term
view.
view report
Source:pwc
Nigeria: Stock Market Investors Lose N1.2 Trillion in Four Months
May 16, 2016--The lackluster performance that pervaded the Nigerian Stock Exchange, NSE, in the last two years has continued in 2016 as investors in the market have lost as much as N1.2 trillion in the first four months of the year (January-April).
This automatically leaves the NSE as the worst performing stock exchange among its peers in other African countries.
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Source:: allafrica.com
