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 ETP News
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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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