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Stronger rand pulls down major JSE indices
March 30, 2017--The rand has firmed on indications that President Jacob Zuma may lack sufficient support to sack Pravin Gordhan, dragging down dual-listed shares as well as the major indices.
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Source: FIN24
African countries among fastest growing economies, South Africa below potential
March 30, 2017--At least nine African countries are expected to be among the 20 fastest growing economies in the world in 2017, a recent survey has shown.
According to the 2017 African Business Outlook Survey released by The Economist on Thursday, even countries that have experienced below-trend growth such as South Africa, or have fallen into recession such as Nigeria, promising commercial opportunities exist.
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Source: FIN24
Rand runs on news that ANC top brass oppose Zuma's Gordhan axing
March 29, 2017--The rand reacted sharply on a report that President Jacob Zuma's plan to fire Finance Minister Pravin Gordhan is said to be opposed by three party leaders.
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Source: FIN24
JSE up in defiance of Zuma's shock Gordhan move
March 28, 2017--Share prices on the JSE have been higher, with price movements driven by rand value rather than the uncertainties caused by Pravin Gordhan's recall from an investor roadshow.
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Source: FIN24
Nervous rand steady under R13/$ on Gordhan saga
March 28, 2017--The rand, still reeling from the president's order that Finance Minister Pravin Gordhan return to SA from an investor roadshow, has burst through the psychological R13/$ level.
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Source: FIN24
Barclays Bank lists Gold ETF at the NSE with 400,000 Gold bullion shares
March 27, 2017--Barclays Bank has today listed the Gold Exchange Traded Fund (ETF).
For those not in the know an ETF is a marketable security that tracks a commodity, bonds or a basket of assets. Basically, it operates more or less like a unit trust but trades on the stock exchange like a common stock. In this case the Gold ETF tracks a commodity which as the name suggests is Gold.
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Source: hapakenya.com
Resources gain on rand tank amid Gordhan recall
March 27, 2017--Resources and other dual-listed shares have been somewhat stronger as the rand tumbled after Finance Minister Pravin Gordhan was recalled from an international roadshow.
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Source: FIN24
Rand caps gains as JSE drifts aimlessly
March 24, 2017--Share prices on the JSE have once again been in limbo as the strong rand continues to put a cap on the big dual-listed shares.
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Source: FIN24
Nigeria Looks Inward for Industrialisation
March 23, 2017--The federal government is beginning to look inwards for financing of the industrial sector of the economy through Domestic Direct Investment (DDI) rather than dependence on Foreign Direct Investment (FDI).
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Source: AllAfrica.com
JSE in limbo as world holds breath over Obamacare bill
March 23, 2017--The JSE has been treading water, with major indices moving very little and volumes low as the world waits to see if President Donald Trump succeeds in rolling back Obamacare.
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Source: FIN24
