Rand softer on Greek concerns-continued

February 6, 2012--The rand was softer against the dollar in afternoon trade on Monday as it tracked a euro that had weakened on concerns that the Greek government would default on its debt obligations.
"The negotiations started out as a script for a tragedy that had to be avoided at all costs, but as they have dragged on with various actors entering and exiting the stage, it has turned into a farce," a local forex trader said.

At 15:57 local time, the rand was trading at R7.6181 to the dollar from its previous close of R7.5160. It was trading at R9.9389 to the euro from R9.9032 before, and at R12.0034 against sterling from R11.8929 previously.

read more

Source: FIN24

Nigeria: JP Morgan--a Wake-Up Call
September 28, 2015--As the frenzy over the decision by JP Morgan to phase out Nigeria from its Government Bond Index for Emerging Markets (GBI-EM) effective from October 30, 2015 begins to die down we draw attention to the need to adopt measures that would extricate Nigeria's economy from whims of foreign investors.
read more
Nigeria: High Rates Depress Investments in Govt Bonds
September 18, 2015--The pressures on Nigerian money market resonated in the bonds market yesterday as the Debt Management Office,
read more
Nigeria: The Cost of Dropping Off JP Morgan's Index
September 14, 2015--In the end, it would seem that the markets were not as sanguine (as was the Central Bank of Nigeria, CBN) about the implications for the economy of JPMorgan's decision, announced last week, to phase Nigerian bonds out of its emerging markets government bond (GBI-EM) index series over two month-end rebalancing periods.
read more
Morocco drafts new rules to attract stock market investors
September 11, 2015--Morocco's government is considering allowing foreign companies to list on the Casablanca stock exchange and creating a second market dedicated to small and medium-sized businesses.
read more