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Unlock the potential of African entrepreneurs for accelerating Africa's industrial transformation, says the African Economic Outlook 2017
May 22, 2017--African governments need to integrate entrepreneurship more fully into their industrialisation strategies, according to the African Economic Outlook (AEO) 2017 released today at the African Development Bank Group's 52nd Annual Meetings.
In 2016, Africa's economic growth slowed down to 2.2% from 3.4% in 2015 due to low commodity prices, weak global recovery and adverse weather conditions, which impacted on agriculture production in some regions. However, it is expected to rebound to 3.4% in 2017 and 4.3% in 2018. This assumes that as commodity prices recover, the world economy will be strengthened and domestic macroeconomic reforms are entrenched.
view the African Economic Outlook (AEO) 2017
Source: africaneconomicoutlook.org
JSE off to a good start as ALSI futures hit year highs
May 22, 2017--The JSE All-share index futures reached year-to-date highs of 48 520 points as the previous week's momentum carried the local index higher.
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Source: FIN24
Rand recovers as panic over Trump eases
May 22, 2017--The rand has recovered some of its losses of the last week as the panic of Donald Trump's presidency seemingly eased.
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Source: FIN24
Industrials edge higher on JSE as weak rand boosts heavyweights
May 19, 2017--The Industrial index has reached a new 52-week high, but the resources sector did not share in the run as investors fret over low commodity prices and rising costs.
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Source: FIN24
Nigeria Economic Update: Beyond Oil, Key Drivers for Sustainable Growth
May 19, 2017--Nigeria can build on the oil-driven economic recovery anticipated for it in 2017 by strengthening its macroeconomic policy framework and implementing the structural reforms needed to diversify the economy and break out of a boom and bust cycle, according to the World Bank's newly-released Bi-annual Economic Update.
In 2016, Nigeria experienced its first full-year of recession in 25 years. Global oil prices reached a 13-year low and oil production was crushed by vandalism and militant attacks in the Niger Delta, resulting in the severe contraction of oil GDP.
view the World Bank Nigeria-Bi-annual economic update 2017: fragile recovery
Source: World Bank
JSE firmer as weaker rand buoys rand hedges
Rand reels from Trump turmoil
IMF Staff Completes 2017 Article IV Visit to South Africa With limited room for stimulus through macroeconomic policies, the priority to stimulate economic growth and job creation rests with structural reforms, notably in product and service markets and in the labor market. view more
JSE slips amid poor global market outlook
Strong rand puts dual-listed shares under pressure on JSE
May 18, 2017--The rand weakened sharply as a fresh political crisis hit Brazil, affecting emerging markets.
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Source: FIN24
May 18, 2017--The rand has weakened more than 2.5% to trade over R13.50/$ as pressure from turmoil in the White House caused havoc on world markets.
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Source: FIN24
May 18, 2017--South Africa's rate of real GDP growth is projected at 1 percent in 2017 thanks to a resumption of solid agricultural production as the drought abates, and an increase in mining output prompted by a moderate rebound in the prices of South Africa's commodity exports
Headline inflation is expected to return below 6 percent in the second half of 2017 and in 2018, making it appropriate for policy rates to remain on hold, and for the central bank to stand ready to increase rates if inflation expectations were to rise.
Source: IMF
May 17, 2017--The JSE joined weaker global markets and closed in the red, despite a rebound in gold miners and Naspers rallying to a new all-time high
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Source: FIN24
May 16, 2017--The JSE has once again been in limbo as the strong rand continues to dampen demand for dual-listed shares.
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Source: FIN24
