China growth reduction jolts JSE-continued

March 5, 2012--South African stocks edged lower on Monday for a third consecutive session, led by resource stocks such as Gold Fields and Harmony Gold on the back of disappointing growth data from top commodity consumer China.
The Asian giant cut its 2012 growth target to an eight-year low of 7.5%, as Beijing looks to wean the economy off its reliance on external demand and foreign capital.

Source: FIN24


AFRICA ETP News
Nigeria: Survey-Nigerian Capital Market Lost N1.63 Trillion in January
February 5, 2016--The Nigerian stock market lost more than N1.63 trillion in January due to profit-taking and currency volatility,
read more
Nigeria: Corruption Will Cost Nigeria 30 Percent of GDP By 2030-Report
February 3, 2016--A new study by professional services firm, PriceWaterhouseCoopers, PwC has shown that Nigeria will lose 30 per cent of its GDP to corruption by 2030.
read more
JSE shows strong recovery
January 29, 2016--The strong recovery of share prices on the JSE has continued thanks to support the market received from a stronger, among other factors.
read more
Rand extends post-rate hike rally
January 29, 2016--The rand has extended its post-rate hike rally, gaining another almost 1% against the greenback.
read more
Rand cheers steep rate hike
January 29, 2016--The rand has reacted positively to Sarb governor Lesetja Kganyago's announcement that the bank has decided to hike interest rates by 50 basis points.
read more
South Africa: Reserve Bank Announces Interest Rate Hike
January 28, 2016--South African Reserve Bank (Sarb) governor Lesetja Kganyago on Thursday announced a 50 basis-point increase in the repo rate to 6.75%, in line with the consensus.
read more
JSE stages strong comeback
January 28, 2016--The JSE has made a firm recovery after its poor start to the year, and by midday the major indices were higher for the fourth consecutive day.
read more
Rand up on Fed move as market anticipates rate hike
January 28, 2016--The rand has firmed as the Fed kept rates on hold, giving investors scope to move back into emerging markets, while the local market awaits Sarb's rates decision.
read more
Southern Africa: SA Among Worst Economic Performers in Region
January 27, 2016--South Africa will be among the worst economic performers in sub-Saharan Africa as higher tariff barriers, protection for inefficient industries and deeper state intervention are set to draw back growth this year, according to analysts.
read more
East Africa Agrees to Fast-Track Unification of Stock Exchanges
January 27, 2016--East Africa has agreed to fast-track the unification of the four bourses via an online portal allowing cross-trading in securities.
read more
JSE recovery loses steam
January 27, 2016--The JSE has lost some of the momentum gained in early trade, mainly due to the resources sector which shed more than 1% gained during the course of the morning
read more
Rand firmer, but will struggle to sustain gains
January 27, 2016--The rand has been a tad firmer against the dollar, in a market anticipating an interest rate hike as the Reserve Bank fights inflation pressures.
read more
Rand weakens as global market sell-off resumes
January 26, 2016--The rand has softened in early trade as an oil price plunge swang global markets away from riskier assets.
read more
Nigeria: Nigerian Stock Market Indices Up By 0.59 Per Cent
January 23, 2016--The market indices of the Nigerian Stock Exchange (NSE) on Friday, appreciated further by 0.59 per cent following price appreciation.
read more
JSE bounces back from lows
January 22, 2016--Global markets have recovered steeply, indicating they may be nearing the end of the current panic, while the JSE has also moved decisively from the previous day's low.
read more
Rand to track global trends as market awaits rate call
January 22, 2016--The rand has mostly been flat against the dollar in early trade and is expected to follow global trends as investors await next week's interest rate announcement.
read more
JSE hovers near bear market on global market drop
January 21, 2016--Oil prices gave up the gains of a short rally to reach new 13-year lows, sending stock markets worldwide in a tailspin and putting new pressure on the JSE.
read more
Rand weakens after inflation jumps
January 21, 2016--The rand has dropped, pressured by a rise in inflation figures released before the Reserve Bank is due to decide on interest rates in its first 2016 policy meeting.
read more
Oil price slide puts paid to JSE rally
January 20, 2016--Markets worldwide have fallen sharply after oil dropped to below $28 per barrel, with major indices on the JSE more than 2% down at midday.
read more
Nigeria: Investors' Woes Worsen As Market Loses N1.7 Trillion in 10 Days
January 20, 2016--The declining fortunes of investors in the Nigerian stock market is indicated by a debilitating loss of N1.764 trillion in ten trading days, as the stock market maintained its free falll last week in response to further decline in crude oil price to below $30 per barrel, and the historic depreciation of the naira to N300 per dollar in the parallel market.
read more
South Africa: JSE Announces Expansion to Cape Town
January 20, 2016--The Johannesburg Stock Exchange (JSE) is opening a new office in Cape Town to be used for all its related events held in the city.
read more
JSE rallies on global recovery
January 19, 2016--The rally in world markets sparked the JSE to follow suit, with all major indices more than 1% higher by midday.<
read more
Rand firms as investors trim long dollar positions
January 19, 2016--The rand has gained against the dollar and could continue to benefit from investors culling their long dollar positions after a recent heavy sell-off.
read more
JSE gives up early gains
January 18, 2016--The JSE traded over 1% higher in early morning trade but by midday major indices were barely in the black, with some big financial shares giving up substantial gains.
read more
Rand up on China's anti-speculation move
January 18, 2016--The rand has edged up against the dollar, after China's central bank stepped up efforts to stabilise the yuan in its latest attempt to deter offshore speculation.
read more
Global rout hits JSE but AB Inbev listing lifts industrials
January 15, 2016--Investor confidence on the JSE crumbled again amid another rout on world markets, with financial and resources shares the hardest hit.
read more
Rand weakens on fragile global sentiment
January 15, 2016--The rand has weakened in early trade as global risk aversion caused by fears over the health of the global economy on falling oil prices hit risk assets.
read more
Nigeria plans return to international bond markets
January 14, 2016--Nigeria is planning to make a comeback on international bond markets two years after its last sale of debt, as the country attempts to plug an $11bn budget deficit.
read more
JSE tracks global markets lower
January 14, 2016--Sluggish economic conditions worldwide have led to plummeting markets, and all major JSE indices bar gold were down by midday.
read more
South Africa: Economy Is On a Cliff Edge
January 13, 2016--Current developments in South Africa are reminiscent of events in 1985.
read more
JSE gets fillip from rand rally
January 13, 2016-The rand rally, which started on Tuesday, continued on Wednesday morning, also pulling the JSE higher.
read more
Africa: It's Not Game Over for Netflix
January 12, 2016--Netflix's global announcement was only a surprise in the scale of its ambition.
read more
JSE up on BAT, SABMiller boost
January 12, 2016--New highs reached by British American Tobacco and SABMiller have helped pull the rest of the market higher, despite a big selloff in commodity shares.
read more
Rand rallies to end 7-day losing streak
January 12, 2016--The rand has rebounded, as technical indicators have suggested to some traders that the currency's fall to a record this week was overdone.
read more
Nigeria: Stock Market-Investors Lose Over N233.2 Billion First Day Trading
January 12, 2016--Investors in the Nigerian stock market yesterday suffered another setback as their
read more
JSE recovers on day of emerging market turmoil
January 11, 2016--Share prices have recovered from the rand's steep plunge as the unit rallied,
read more
Why the rand will face more manic Mondays after plunging 9%
January 11, 2016--There's more Monday morning pain to come.
read more