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UN Economic Development in Africa Report 2015
July 9, 2015--The services sector critical source of income and employment in Africa. As the most dominant sector in many African economies, it has become a dynamic driver of growth in the continent in recent years.
This dynamism, however, has not translated into a structural transformation of the continent. Africa's services provision remains suboptimal and is delivered at a high cost. Various regulatory and policy shortcomings prevail, which explain these inefficiencies and impede Africa’s capacity to fully capitalize on the potential of its services sector. If the continent is to fully realize the benefits of development, services must play an enhanced role in the growth process.
Hong Kong stocks surge 3.73% by close
July 9, 2015--Hong Kong stocks have surged more than 3% by the close on bargain-hunting and a rally in Shanghai after China
announced new measures to staunch a mainland rout.
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Source: FIN24
JSE rebounds on China recovery
July 9, 2015--A strong recovery by the Chinese stock market has triggered a firm technical rebound on the JSE,
with all major indices except gold solidly higher by midday.
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Source: FIN24
Rand recovers after cautious Fed minutes
July 9, 2015--The rand recovered against the dollar on Thursday after minutes from the US Federal Reserve signalled a rate hike
there would likely be left until at least September.
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Source: FIN24
JSE up from morning losses
July 8, 2015--The main indices on the JSE were virtually unchanged by midday,
thanks to a strong performance by financial shares.
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Source: FIN24
Rand weakens, mining strike fears weigh
July 8, 2015--The rand has dropped to a fresh four-week low against the dollar
after trade union Amcu walked out of gold sector wage talks, raising fears of a potential mining strike.
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Source: FIN24
Zimbabwe Stock Exchange automation successful
July 8, 2015--The Zimbabwe Stock Exchange (ZSE) started successfully trading on its new automated trading system (ATS) on Monday 6 July and volumes were picking up during the week.
This is a long-awaited change as the stock exchange moved away from call over and paper-based systems.
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Source: Africancapitalmarkets.com
JSE in limbo as world awaits next Greece move
July 7, 2015--The JSE has been treading water, slowly drifting lower as global financial markets wait for news on an
emergency eurozone summit on the Greek crisis.
Rand eases on Greece, no impact from data
July 7, 2015--The rand has traded near the previous session's three-week lows, taking its cue from weak markets in
major commodity importer China.
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Source: FIN24
Nigeria: Stocks Start Week Red, Extend Losses As Investors Remain Pessimistic
July 7, 2015--The equities market closed yesterday on a negative note, as Nigerian Stock Exchange [NSE] All Share Index [ASI] depreciated by 0.28 peer
cent to close at 32,447.05basis points, compared with the 0.61 per cent depreciation recorded previously.
