JSE scales new lifetime high-continued

February 1, 2012--South African stocks closed at a new lifetime high on Wednesday, gaining more the 1 percent as positive earnings statements and upbeat economic data from China helped lift resources firms such as Assore.
Shares of Absa, the South African lender controlled by Barclays, ended up 0.3% at 149.20 having earlier declined on news its veteran deputy CEO would step down next year.

“There is a lot of positive trading statements being released in our market in the last few days,” said Betzi Yang, trader at Legae Securities.

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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
September 26, 2014--A total of $5.8 billion (N903.9 billion) foreign investments flowed into the Nigerian economy in the second quarter of 2014 according to latest figures released by the Nigerian Bureau of Statistics (NBS) yesterday, bringing total foreign investments inflow in the first six months of 2014 to $9.70 billion or N1.51 trilion.
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