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Rand on steady footing after US inflation
July 22, 2014--The rand has firmed against the dollar,
taking impetus from benign US inflation numbers and reports that striking metalworkers were mulling a new wage deal.
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Source: FIN24
Africa: Will the Brics Bank Be a Game Changer for Africa?
July 22, 2014--Last week Brazil, Russia, India, China and South Africa (BRICS) announced they are joining forces to establish a BRICS alternative to the World Bank. The BRICS bank will be capitalised to the tune of $50 billion or about the same size as the World Bank's loan to Brazil.
While the size of the initial capital allocation does not stack up in comparison to the World Bank's, this could still prove to be a significant opportunity to change the global system more in favour of the developing world.
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Source: AllAfrica.com
SA stocks end lower, but mining shares rise
July 21, 2014--South African stocks edged lower, in line with global peers as simmering political tensions in
Ukraine weighed on appetite for risky assets.
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Source: FIN24
Rand holds onto post rate-hike gains
July 21, 2014--The rand has held steady against the dollar,
starting the week with a firmer tone after the Sarb raised interest rates and global risk aversion abated.
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Source: FIN24
AfDB issues its inaugural local currency bond in the Nigerian Capital Market
July 18, 2014--After receiving the Securities and Exchange Commission ("SEC") of Nigeria's approval to establish a NGN 160 billion Medium Term Note (MTN) Programme and "No Objection" from the SEC to start the book building process on June 6, 2014,
the African Development Bank ("AfDB" or the "Bank") proceeded to tap the market for its maiden local currency issuance in the Nigerian capital market.
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Source: AfDB (African Development Bank)
SA stocks end lower, Truworths tumbles
July 18, 2014--South African stocks have ended slightly lower as geopolitical tensions in the Middle
East and Ukraine undermined demand for risky assets.
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Source: FIN24
Rand, bonds firmer in post-MPC glow
July 18, 2014--The rand has recovered its footing against the dollar,
shaking off the bout of risk aversion triggered by the downing of a Malaysian plane in Ukraine.
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Source: FIN24
Rand flat ahead of rates decision
July 17, 2014--The rand has largely been flat against the dollar ahead of a
decision by the SA Reserve Bank on interest rates later in the session.
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Source: FIN24
SA stocks at record high, valuations a concern
July 16, 2014--SA stocks have hit record highs after investor confidence was bolstered by expectations the
United States will continue with its massive stimulus programme.
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Source: FIN24
Rand slips as hopes to end metals strike fade
July 16, 2014--The rand has weakened against the dollar as a strike by 220 000 workers in the metals sector
entered its third week and looked unlikely to be resolved soon.
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Source: FIN24
