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JSE up as Greece hopes improve sentiment
June 23, 2015--The JSE rally has continued on investor hopes that a settlement can still be reached on the Greek debt crisis,
with improved sentiment boosting indices.
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Source: FIN24
Rand dips ahead of Reserve Bank data
June 23, 2015--The rand has been weaker against the dollar ahead of the release of the Reserve Bank's quarterly bulletin,
which will provide data on the current account deficit.
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Source: FIN24
Nigeria exchange presses on with markets infrastructure overhaul
June 23, 2015--The Nigerian Stock Exchange has indicated that a decision over going public will soon be finalized, ushering in the investment it seeks to overhaul the country's financial markets infrastructure and attract foreign investors.
The user-owned NSE is looking to break decades of influence from local banks and brokers by demutualising.
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Source: FT.com
South Africa: Concluding Statement of an IMF Staff Visit
June 23, 2015--An International Monetary Fund,(IMF) team visited South Africa June 1-9, 2015 to discuss the outlook, risks, and policy challenges facing the South African economy. The main themes, which are broadly similar to those of the 2014 Article IV Consultation, are:
The growth and jobs outlook remains lackluster, with growth projected at 2 percent in 2015-16.
The improvement in the terms of trade has temporarily lowered inflation and somewhat reduced external vulnerability.
Downside risks persist, mainly stemming from electricity shortages, policy uncertainty, volatility in global financial markets, and global growth.
Reducing electricity shortages is the utmost priority. Other long-standing structural reform recommendations remain essential to boost growth and jobs.
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Source: IMF
JSE financial stocks score on Greece hopes
June 22, 2015--Financial shares have been the big winners on the JSE as the market was lifted by a wave of optimism
that Greece would strike a last-minute deal to avert default.
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Source: FIN24
Rand firmer in globally risk-on market
June 22, 2015--The rand has climbed to its strongest against the dollar in more than three weeks, helped by
cautious optimism that talks aimed at averting a Greek debt default will succeed.
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Source: FIN24
JSE financial stocks score on Greece hopes
June 22, 2015--Financial shares have been the big winners on the JSE as the market was lifted by a wave of optimism
that Greece would strike a last-minute deal to avert default.
