| SA stocks flat as banks sink-continued | |||||
| March 19, 2012--South African stocks ended flat on Monday, as banking stocks like Absa followed European peers down on renewed Greek jitters, while Anglo American Platinum (Amplats) jumped after Deutsche Bank said it stood to "unlock significant value." | |||||
| The blue-chip Top 40 - (Tradeable) [JSE:J200] index was barely changed, edging down 0.01% to 30 395.53. The broader All Share [JSE:J203] index ended down 0.02% at 34 214.07. | |||||
| Source: FIN24 | |||||
| AFRICA ETP News |
| Bonds weaken on negative SA sentiment | |||
| May 17, 2013--South African bonds weakened in quiet midday trade on Friday as the bond market reflected the negative foreign investor perception of SA. | |||
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| Rand hits 4-year low | |||
| May 17, 2013--The rand hit a four-year low in early Friday trade amid concerns about more labour unrest in the platinum mining sector and its potential to inflict wider damage on Africa's biggest economy. | |||
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| Nigeria's Oil Sector At Crossroads-Report | |||
| May 16, 2013--The Resources Governance Index of the Revenue Watch Institute (RWI) has ranked Nigeria weak in its oil revenue. | |||
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| Industrials push JSE to record high | |||
| May 16, 2013--Solid demand for industrial stocks such as Richemont and Naspers [JSE:NPN] propelled the JSE to a fresh high on Thursday, outpacing the continuing selloff in the resources sector on a combination of weaker commodity prices and labour tensions. | |||
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| Bonds mixed in quiet trade | |||
| May 16, 2013--South African bonds were mixed in thin midday trade on Thursday. | |||
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| Brics Q&A | |||
| May 16, 2013--AS THE developed economies languish, the world's attention is increasingly focused on the fast-growing Brics countries: Brazil, Russia, India, China, and South Africa. | |||
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| JSE flat, labour woes weigh on mines | |||
| May 15, 2013--The JSE was flat in early trade on Wednesday, with labour unrest and metal prices weighing on mining stocks while mild strength in industrial counters helped offset those falls. | |||
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| Rand down on labour tensions | |||
| May 15, 2013--The rand was weaker against major currencies on Wednesday at midday as ongoing labour tensions in the platinum sector and poor eurozone GDP figures weighed. | |||
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| JSE's platinum index falls | |||
| April 14, 2013--The JSE platinum index JPLAT was down more than 4% on Tuesday morning as labour tensions brought production to a halt at Lonmin's (LON) Rustenburg mine and threatened to disrupt Anglo Platinum [JSE:AMS](Amplats) proposed restructuring plan. | |||
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| Bonds softer on weaker rand | |||
| May 14, 2013--The South African bond market was softer in midday trade on Tuesday on the weaker rand. | |||
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| Africa's Oil and Gas Outlook 2013 (part 1) | |||
| May 13, 2013--Africa' share of global oil and gas production has stood at 10% and 6% respectively over the past 24 months. | |||
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| Nigeria Economic Update: World Bank Forecasts Rising Growth, Less Inflation, Urges Closer Federal and State Government Cooperation | |||
| May 13, 2013-- Nigeria's short term macroeconomic outlook looks generally strong, with the likelihood of higher growth, lower inflation, and reserve accumulation. This will present the Government with an opportunity to make progress in key reforms and public investments associated with the Transformation Agenda for job creation, diversification, and more effective governance, says the World Bank in its new Nigeria Economic Report (NER) launched today in Abuja. | |||
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| JSE edges up in volatile trade | |||
| May 13, 2013--Industrials and gold shares helped to counter broadly negative sentiment in the platinum sector to keep the all share index in positive territory at noon on Monday. | |||
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| Bonds softer on weaker rand | |||
| May 13, 2013-South African bonds were softer at noon on Monday due to a slightly weaker rand. | |||
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| Rand weaker on fundamentals | |||
| May 13, 2013--The rand was a touch weaker on Monday afternoon as renewed concerns over domestic labour dynamics and SA's current account deficit weighed on the local currency. | |||
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| Mining stocks limit JSE gains | |||
| May 10, 2013--Platinum and gold stocks extended losses on Friday, curbing gains in the broader market in what looks set to be a positive week thus far. | |||
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| Bonds weaker on softer rand | |||
| May 10, 2013--The South African bond market was weaker in midday trade on Friday on the softer rand. | |||
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| Rand weaker on overnight dollar moves | |||
| May 10, 2013--The rand was weaker against the dollar on Friday at midday after strong weekly US jobs data and comments made by the European Central Bank (ECB) in its monthly bulletin for April saw the dollar strengthen considerably against other major currencies overnight. | |||
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| Economic Diversification an Important Buffer for Africa in Uncertain Global Environment | |||
| Africa needs to forge a new model of growth based on inclusivity Companies are investing in their own continent May10, 2013--Economic diversification is essential for African economies to build buffers against vulnerability in a volatile world, panellists told a World Economic Forum on Africa session on Africa's economic outlook. | |||
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| Regional Integration Essential to Africa's Growth and Development, Says Carl Bildt | |||
| Africa's growing economy can accommodate partnerships with developed and emerging economies
New partnerships are based on market forces, not colonialism; but foreign investors should help build more local skills capacity May 10, 2013--Regional integration within Africa and the continent's integration with developed economies are essential to its growth and development, Carl Bildt, Minister of Foreign Affairs of Sweden, told a Bloomberg televised session on Africa's Global Partnerships at the World Economic Forum on Africa in Cape Town today. | |||
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| World Economic Forum on Africa Closes with Call for Action | |||
| The question is no longer "if" Africa will grow, but "how" it will grow Building on recent growth ideally means investing in human capital and economic diversification May 10, 2013--Calling for investment to consolidate and make more inclusive recent African growth, leaders from across the continent gathered to close the 2013 World Economic Forum on Africa. | |||
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| Regional Economic Outlook: Sub-Saharan Africa Building Momentum in a Multi-Speed World | |||
| May 10, 2013--Growth remained strong in the region in 2012, with regional GDP rates increasing in most countries (excluding Nigeria and South Africa). Projections point to a moderate, broad-based acceleration in growth to around 5½ percent in 2013-14, reflecting a gradually strengthening global economy and robust domestic demand. | |||
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| Global Board of Trade launches Contract for Difference | |||
| May 9, 2013--The Global Board of Trade (GBOT), the first international multi-asset bourse from Mauritius, has successfully launched Contracts for Difference (CFDs). | |||
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| Gold shares lead JSE rally | |||
| May 9, 2013--The JSE powered to a multi-week high on Thursday, more than offsetting last month's wobble in the benchmark index, amid a generally positive global market backdrop. | |||
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| Bonds firm despite bad switch auction | |||
| May 9, 2013--The South African bond market was firm in midday trade on Thursday despite a disappointing switch auction earlier. | |||
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| Stronger gold, platinum prices buoy JSE | |||
| May 8, 2013--The JSE closed significantly stronger on Wednesday on higher gold and platinum prices, while gains in large-cap industrials pushed the all share index to its highest level in more than six weeks. | |||
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| Rand on back foot, bonds weaker | |||
| May 8, 2013--The rand edged lower against the dollar on Wednesday as investors continued to price in the possibility of an interest rate cut this year. | |||
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| Boom Time for African Bonds | |||
| May 8, 2013--"Risk premia across the world are getting repriced," says Larry Seruma, chief investment officer of Nile Capital Management, which invests in Africa. | |||
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| Foreign Investors Appetite for Nigerian Bonds Grows | |||
| May 7, 2013--Nigeria and some other African countries are expected to sell debt instruments at about $7 billion this year, higher than the combined amount sold in the past five years. | |||
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| JSE flat on absence of data | |||
| May 7, 2013--The JSE's three-day rally paused on Tuesday amid a lack of fresh catalysts, while the selloff in African Bank Investments shares extended into its third straight session. | |||
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| Bonds firm after strong auction | |||
| May 7, 2013--The South African bond market was firm in midday trade on Tuesday after the weekly bond auction at 11:00. | |||
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| Resources buoy JSE‚ banks weigh | |||
| May 6, 2013--The JSE all share index rose on Monday‚ led by resources and gold counters. | |||
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| Bonds softer on weaker rand | |||
| May 6, 2013--South African bonds were softer at noon on Monday due to a softer rand, which weakened on importer demand for dollars. | |||
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| U.S. Foreign Investment in Nigeria Increases From U.S.$5.2 Billion to U.S.$8 Billion-Adefuye | |||
| May 3, 2013--The U.S. Foreign Direct Investment flow into Nigeria has increased from $5.2 billion in 2000 to $8 billion in 2012. | |||
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| Gold, retailers and banks weigh on JSE | |||
| May 3, 2013--The JSE was slightly higher in the early afternoon on Friday, with gold miners shedding value after recent gains, and declines in retailers after a strong rally on Thursday. | |||
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| Bonds yields drop to another record low | |||
| May 3, 2013--South African bond yields hit record lows across the curve on Friday, driven mainly by foreign inflow, as the global search for better yields continues. | |||
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| South Africa: Middle East 'Looking to Invest in Africa' | |||
| May 2, 2013--South Africa and the rest of sub-Saharan Africa present significant potential for business investment by companies in the Middle East, according to a report released by the Economist Intelligence Unit in Dubai on Tuesday. | |||
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| Industrials, gold shares underpin JSE | |||
| May 2, 2013--Industrial and gold shares on the JSE were in demand on Thursday, helping the broader market to a positive start to the new month after the all share index lost in excess of 2% in April. | |||
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| Rand eases on fall in commodities | |||
| May 2, 2013--The rand fell against the dollar on Thursday on softening precious metal prices, erasing modest gains made earlier in the week. | |||
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| Resource pounding sends JSE lower | |||
| April 30, 2013--The JSE closed on the back foot with resource counters taking a pounding as investors sat on the | |||
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| Bonds at record yields after auction | |||
| April 30, 2013--Government bonds advanced at noon on Tuesday, pushing the benchmark R186 bond to a record low level after a good weekly government bond auction at 11:00 this morning, with primary dealers the main buyers. | |||
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| Gold stocks send JSE lower | |||
| April 29, 2013--Gold shares posted the biggest gains on Monday, leaving the broader JSE slightly softer at noon after a positive start to the session. | |||
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| JSE ends softer as miners weigh | |||
| April 26, 2013--South African equities closed lower on Friday as losses in mining stocks offset gains in the retail and financial sectors. | |||
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| Bonds soften on weaker rand | |||
| April 26, 2013--South African bonds were slightly weaker in midday trade on Friday following the weekly inflation-linked bond (ILB) auction at 11:00. | |||
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| Gold miners continue recovery | |||
| April 25, 2013--The JSE closed up on Thursday as gold shares soared on a stronger bullion price. | |||
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| Stronger rand waits for offshore cues | |||
| April 25, 2013--The rand has been slightly stronger against the dollar as the week's upward | |||
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| Rwanda to Sell First International Bond | |||
| April 24, 2013--The Republic of Rwanda, scarred by its genocidal atrocities less than 20 years ago and, more recently, noted for its dependency on foreign financial aid, is set to ride the wave of cheap cash around the globe to issue its first international bond. | |||
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| JSE slips as banks, industrials weigh | |||
| April 24, 2013--The JSE has lost initial gains to trade a tad weaker | |||
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| Bonds near record highs, rand steadies | |||
| April 24, 2013--SA bonds have traded near record highs supported by signs of weak global growth | |||
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| JSE buoyed by strong industrials | |||
| April 23, 2013--The JSE has been firmer as industrials out-performed expectations | |||
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| Bonds firmer on good auction | |||
| April 23, 2013--South African bonds have been firmer after a good weekly | |||
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| JSE turns negative as Dow weakens | |||
| ?April 22, 2013--The JSE has closed in the red as the Dow Jones industrial average weakened after | |||
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| No apparent reason for weaker rand | |||
| April 22, 2013--The rand has been inexplicably weaker across the board as traders battled to give an explanation | |||
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