Rand falls more than 1%, S&P weighs-continued

March 28, 2012--South Africa’s rand fell more than 1.3% against the dollar on Wednesday and was the worst performer in a basket of 20 emerging market currencies, partly hit by S&P downgrading the country’s outlook to negative from stable.
Government bonds extended the previous day’s losses, pushing yields to week-long highs as investors adjust their long positions particularly at the longer end of the curve after a poorly subscribed weekly auction on Wednesday.

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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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