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Rand backtracks as investors cash in on rally
July 15, 2016--The rand has retreated from two-and-a-half month highs as a recent rally lost steam, with some investors booking profits and paring bets ahead of US inflation data.
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Source: FIN24
JSE edges up as markets await BOE interest rate move
July 14, 2016--Investors on the JSE have remained on the sidelines as the world held its breath for the Bank of England's interest rate decision, with all major indices slightly higher.
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Source: FIN24
Rand rallies as England keeps rates on hold
July 14, 2016--The rand has reacted positively to the news that the Bank of England kept interest rates unchanged, much against market expectation.
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Source: FIN24
Financial Markets: The African Development Bank and the African Securities Exchanges Association join forces to deepen Africa's capital markets
July 13, 2016--The African Development Bank (AfDB) and the African Securities Exchanges Association (ASEA) have signed,on Monday 11 July 2016, a five-year Memorandum of Understanding (MoU) to amplify the impact of their strategically aligned joint efforts to promote resources mobilization to fund Africa's economic growth.
This MoU will provide a collaborative framework for harmonizing and coordinating the efforts of AfDB, Africa's premier development finance institution, and ASEA, the apex body of African stock exchanges, towards deepening and connecting African financial markets.
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Source: afdb.org
Resources rise on JSE as gold and financials lose ground
July 13, 2016--Resources shares on the JSE have surged, but financial and gold stocks fell victim to profit-taking and the local bourse lags its overseas counterparts.
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Source: FIN24
Financial stocks shine on JSE
July 12, 2016--Financial shares have been the star performers on the JSE as a strong rally continued, but with local investors less exuberant than their international counterparts.
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Source: FIN24
Rand erases post-Brexit loss as inflows stoke stocks
July 12, 2016--The rand has gained the most among emerging-market currencies, driving yields to seven-month lows as investors bought the nation's stocks and bonds.
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Fin24
JSE remains hobbled by poor economic prospects
July 11, 2016--Share prices on the JSE have dipped again after opening sharply higher in response to a global rally, as investors continue to fret over local economic concerns.
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Source: FIN24
Rand sees 'impressive' recovery against pound amid Brexit
July 11, 2016--The rand has seen a 25% recovery against the pound since January, after Britain voted to leave the European Union on June 24.
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Source: FIN24
Poor economic prospects weigh on JSE
July 8, 2016--SA's poor economic prospects seem to be on the forefront of investors' minds, with most JSE indices barely in the back despite steadier world markets.
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Source: FIN24
