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SA business alliance expects 1 million job losses, economy to contract by 10%
April 14, 2020--The economy could contract by 10% and over one million people could join the ranks of the unemployed due to the impact of the coronavirus pandemic, according to preliminary modelling by Business For South Africa.
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Source: fin24.com
Rand strengthens amid slight rally in riskier assets
April 9, 2020--After falling to a record low against the dollar earlier in the week, the rand strengthened to below R18 against the greenback on Thursday.
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Source: FIN24
Stocks surge on the back of additional Fed stimulus pledge
April 9, 2020--The JSE had a seesaw session on Thursday as it swung between gains and losses before closing firmer on the day.
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Source: FIN24
Nigeria: NSE-Market Capitalisation Rises N77bn, Amid Renewed Interest in Blue Chips
April 8, 2020--The Nigerian equities market maintained an upward trend on Wednesday with the market capitalisation growing further by N77 billion following renewed interest in high capitalised stocks.
The News Agency of Nigeria (NAN) reports that the market capitalisation which opened at N10.905 trillion rose by N77 billion or 0.71 per cent to close at N10.982 trillion.
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Source: allafrica.com
Nigeria Cuts 2020 Budget By Over N300bn
April 8, 2020--The Nigerian Government has cut the 2020 budget from N10.594 trillion to N10.276 trillion.
This is contained in the new budget proposal sent to the National Assembly by the federal government on Wednesday for consideration.
According to the new proposal, the budget cut became necessary in view of global economic realities as a result of the coronavirus pandemic.
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Source: allafrica.com
Local stocks weaker as volatility in Sasol persists
April 8, 2020--The JSE opened marginally softer on Wednesday but sunk deeper into losses as European counters traded under pressure.
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Source: FIN24
Stocks remain upbeat as virus cases decrease
April 7, 2020--The local bourse extended its gains on Tuesday in line with global stocks which advanced amid improved sentiment on the coronavirus.
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Source: fin24.com
Stocks rally on the back of lower coronavirus death rate
April 6, 2020--The JSE rallied along with other global markets on Monday on the back of positive sentiment that there were lower reported coronavirus related deaths over the weekend from the main hotspots.
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Source: FIN24
Flight to safe havens leaves rand floundering
April 6, 2020--The rand was among the worst performing emerging market currencies during Monday's session.
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Source: FIN24
EXPLAINER: Why you should care about the rand-dollar exchange rate
April 4, 2020--The rand has been breaking records this week. It breached the R19.00/$ mark on Friday following a further downgrade into junk status by ratings agency Fitch. Some analysts are warning that it could breach the R20/$ mark in the near term.
If you're wondering why you should care about the local unit's movements, with the help of the SA Reserve Bank, a few economists and trading analysts, we've got your questions covered.
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Source: FIN24
