Rand reaches 5-month high, bonds gain-continued

February 1, 2012--South Africa’s rand surged more than 2% against the dollar on Wednesday, touching a near-five month high in line with a stronger euro as hopes of a resolution to Greece’s debt crisis helped to lift risk appetite globally.
Government bonds rallied in tandem, supported by continued demand from foreign investors looking for yield in emerging markets. The rand soared to a session high of 7.6575/dollar, its strongest level since Sept. 20 last year, and was trading at 7.66 by 16:03 GMT, up 2.05% on the day.

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Source: FIN24

Africa: Growth May Exceed Five Per Cent in 2015-16, but Ebola, Terrorism and Other Risks Pose Concern
October 8, 2014--Despite weaker than expected global growth and stable or declining commodity prices, African economies continue to expand at a moderately rapid pace, with regional GDP growth projected to strengthen to 5.2 percent yearly in 2015-16 from 4.6 percent in 2014, according to the World Bank’s new Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects.
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Nigerian Economy Attracts N1.5 Trillion Foreign Investments in H1 2014
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