| Nigeria's GDP Grows By 1.5% in Q2-NBS-continued | |||||
| August 28, 2018--The National Bureau of Statistics (NBS), said Nigeria's Gross Domestic Product (GDP) grew by 1.50 per cent year-on-year in real terms to N16.58 trillion in the second quarter. | |||||
| view more | |||||
| Source: allafrica.com | |||||
| AFRICA ETP News |
| SA gold slump continues as annual production falls by 19.5% | |||
| June 13, 2019--June 13, 2019--SA loses African gold crown to Ghana South Africa turns unlikely haven as gold's rally boosts stocks Over 3 000 gold mine workers affected by Sibanye-Stillwater restructuring Drop in demand for gold jewellery-survey South Africa's embattled gold sector faced more bad news on Thursday. According to Stats SA, annual gold production shrank by 19.5% in April, its 19th straight monthly decrease. | |||
| read more | |||
| Markets WRAP: The rand closes at R14.76/$ | |||
| June 14, 2019--The day's range was between R14.78 and R14.88. | |||
| read more | |||
| Africa: Magufuli Reveals 'Strange' Conditions Set By Investors for African Countries | |||
| June 13, 2019--Tanzania President John Pombe Magufuli has lifted the lid on some of the strange conditions given to African leaders by investors while negotiating development projects. The no-nonsense leader spoke while addressing stakeholders in Dar es Salaam. He said that some of these conditions could only appeal to a "madman". | |||
| read more | |||
| Markets WRAP: Rand closes at R14.89/$ | |||
| June 13, 2019--TreasuryONE said earlier that the rand had lost all of its gains and opened far weaker on Thursday morning while Peregrine Treasury Solutions's Bianca Botes said that US President Donald Trump was fuelling currency jitters yet again. | |||
| read more | |||
| Markets WRAP: Rand closes at R14.8068/$ | |||
| June 12, 2019--The rand closed at R14.8068/$ on Wednesday. | |||
| read more | |||
| Rand holds steady as JSE advances | |||
| June 11, 2019--Global equity markets have continued to rally on Tuesday as the Bank of China stepped in to provide liquidity in the Chinese market. | |||
| read more | |||
| Markets WRAP: Rand closes at R14.78/$ | |||
| June 10, 2019--The rand strengthened by more than a percent on Monday and closed at R14.78/$, having opened at R14.90. | |||
| read more | |||
| Markets WRAP: Rand closes at R14.91/$ | |||
| June 7, 2019--The rand closed at R14.91/$ on Friday, having broken through R15/$ earlier in the week for the first time in eight months. | |||
| read more | |||
| Markets WRAP: Rand closes at R14.98/$ | |||
| June 6, 2019--TreasuryONE said earlier that the rand was the weakest EM currency this week. | |||
| read more | |||
| Markets WRAP: Rand ends the day at over 1% weaker at R14.89/$ | |||
| June 5, 2019--The local unit which opened at R14.65/$ closed 1.6% weaker to end the day at R14.89/$. | |||
| read more | |||
| South Africa: Economy Contracts By 3.2 Percent in the First Quarter | |||
| June 4, 2019--Statistician General Risenga Maluleke says the country's Gross Domestic Product (GDP) contracted by 3.2% in the first quarter of 2019. | |||
| read more | |||
| Markets WRAP: Rand closes at R14.68/$ | |||
| June 4, 2019--TreasuryONE said previously that the rand was in for a volatile week. | |||
| read more | |||
| Markets WRAP: Rand closes at R14.4737/$ | |||
| June 3, 2019--The rand closed at R14.4737/$ on Monday. | |||
| read more | |||
| Markets WRAP: Rand closes at R14.66/$ | |||
| May 30, 2019--The local unit ended the day at R14.66/$, having opened at R14.64. | |||
| read more | |||
| New cabinet breathes life into JSE | |||
| May 30, 2019--The local equity market opened the day firmer as investors shook off the Ramaphosa cabinet announcement hangover. | |||
| read more | |||
| African Continental Free Trade Agreement Comes Into Effect | |||
| May 30, 2019--The African continental free trade agreement legally came into effect at midnight, but the countries that have signed up have until July to work out the details of how it will work.
It is only from then that we'll start to see what difference it could make. | |||
| read more | |||
| JSE bucks trend in other global indices to close firmer | |||
| May 29, 2019--The local bourse rallied to close higher on Wednesday mainly on the back of a broad-based rebound across the sectors which fell in the prior session. | |||
| read more | |||
| Markets WRAP: Rand ends day at R14.74/$ | |||
| May 29, 2019--After falling by 1% against the dollar in early trade, the rand recouped its losses to trade even against the greenback when the local market closed. | |||
| read more | |||
| Index change prompts record outflows from South Africa stocks | |||
| May 29, 2019--Foreign investors' sales of South African stocks jumped to a record as emerging-market index changes by compiler MSCI prompted money managers to adjust their holdings. | |||
| read more | |||
| Surge in miners fails to lift JSE | |||
| May 28, 2019--The JSE closed flat on Tuesday despite significant gains being recorded by the resources index. | |||
| read more | |||
| Markets WRAP: Rand closes at R14.73/$ | |||
| May 28, 2019--The rand lost more than 2% against the dollar. | |||
| read more | |||
| Markets WRAP: Rand closes at R14.44/$ | |||
| May 27, 2019--"The only shining light for our local unit can be that our newly elected president, Cyril Ramaphosa announces a Cabinet later in the week that can really turnaround SA and the slippery slope we're on," TreasuryONE said earlier. | |||
| read more | |||
| JSE barely closes firmer after flat trading session | |||
| May 27, 2019--The JSE traded mostly flat on Monday before closing firmer as investors looked for fresh signals on market direction. | |||
| read more | |||
| Africa: Will Free Trade Be Continent's Economic Game Changer? | |||
| May 24, 2019--The ambitious African Continental Free Trade Agreement (AfCFTA) which technically enters into force on 30 May could be the game changer for Africa's hitherto lackluster economy. Driven by Rwandan President Paul Kagame, the process of reaching this point may well have broken all African records. African Union member states launched negotiations to create this huge market of 1.2 billion people with a GDP of over US$3.4 trillion in only March last year. | |||
| read more | |||
| Markets WRAP: Rand closes at R14.4339/$ | |||
| May 24, 2019--Sterling gained for the first time in 15 sessions against the common currency Friday, having been battered this month by the prospect that a hard-line Brexit candidate could replace May. | |||
| read more | |||
| TECHNICAL ANALYSIS: JSE All-share index seen breaking below support area | |||
| May 23, 2019--The JSE Al-share index is currently breaking below a very important support area as the US-China trade war creates havoc with world stock markets. | |||
| read more | |||
| SEC, NSE Streamline Listing Process to Encourage More Listings | |||
| May 23, 2019--The Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange ("The Exchange" or "NSE") have moved to make the processes involving listing on the NSE more efficient and cost-effective by streamlining the approval process between the SEC and the NSE. | |||
| read more | |||
| Africa: Africa's Appetite for Cryptocurrencies Surges | |||
| May 22, 2019--The price of bitcoin soared to an all-time high of $20,000 in December 2017 and collapsed to $3,400 a month later, prompting speculation that cryptocurrencies had imploded in the fizz of their own hype and unfulfilled promises. Since then, however, the price has held steady and even begun to tick back upwards. In South Africa, and on the continent, there have been several recent crypto developments, suggesting the market here is beginning to tingle with life. | |||
| read more | |||
| Markets WRAP: Rand closes at R14.36/$ | |||
| May 22, 2019--The local unit ended the day's session at R14.36 to the dollar, having opened at R14.39. | |||
| read more | |||
| Local bourse weaker as resources buckle | |||
| May 22, 2019--The JSE closed weaker on Wednesday led by moderate losses across most blue-chip stocks. | |||
| read more | |||
| Nigeria: GDP Growth Slows As Oil Sector Contracts | |||
| May 21, 2019--Nigeria's economic growth slowed as it recorded a gross domestic product (GDP) of 2.01 per cent in the first quarter of 2019, compared to the 2.38 per cent recorded in the previous quarter (Q4 2018), the National Bureau of Statistics (NBS) said on Monday. | |||
| read more | |||
| Markets WRAP: Rand closes at R14.38/$ | |||
| May 21, 2019--The rand ended the day at R14.38 to the greenback. | |||
| read more | |||
| JSE closes softer after muted trading session | |||
| May 21, 2019--The JSE traded mostly flat on Tuesday as it struggled for direction following a mixed trading session in Asia. | |||
| read more | |||
| Zimbabwe: Economy 'Pronounced Dead', Set to Contract 20 Percent in 2019 | |||
| May 20, 2019-- Zimbabwe, once a prosperous agricultural economy in the southern subregion of the African continent, finds itself in an economic free fall, the latest data shows. | |||
| read more | |||
| Markets WRAP: Rand closes at R14.4236/$ | |||
| May 20, 2019--US equity futures dropped alongside stocks in Europe as the fallout of White House moves against Chinese telco giant Huawei rippled through the technology industry. | |||
| read more | |||
| Markets WRAP: Rand closes at R14.40/$ | |||
| May 17, 2019--The day's range was between R14.28 and R14.41. | |||
| read more | |||
| Nigeria: NSE Halts Bearish Trend, Amid MTN Nigeria Listing | |||
| May 17, 2019--The Nigerian Stock Exchange (NSE) on Thursday halted nine consecutive days bearish trend following the listing of MTN Nigeria Communications Plc 20.35 billion shares at N90 per share. | |||
| read more | |||
| JSE inches higher as global stocks rise | |||
| May 16, 2019--Despite gains being relatively mild, most of the equity indices managed to hang on to these gains to end the day firmer. In Asia the Shanghai Composite Index closed 0.45% firmer while the Hang Seng closed flat after only adding 0.02%. | |||
| read more | |||
| Markets WRAP: Rand closes at R14.23/$ | |||
| May 16, 2019--TreasuryONE said earlier that the news that US President Donald Trump would delay auto tariffs boosted markets. | |||
| read more |