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Rand pauses ahead of Greece talks
June 19, 2015--The rand has been largely unchanged as a brief rally on hopes of a delayed US interest rate
hike fizzled out and investors await the latest on Greece's debt crisis.
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Source: FIN24
Commodities shine on JSE
June 18, 2015--Commodity shares have been the star performers on the JSE,
due to higher commodity prices after the dollar softened on the Fed's latest comments on interest rates.
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Source: FIN24
Rand at 3-week high after Fed holds off rate hike
June 18, 2015--The rand has strengthened by more than 1% versus the dollar to a three-week high after the
US Federal Reserve postponed hiking interest rates.
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Source: FIN24
JSE gains set to lose momentum
June 17, 2015--The share prices of some the big capitalisation shares on the JSE have moved strongly,
but there was no apparent reason other than bargain-hunting for big gains.
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Source: FIN24
Rand slips as market awaits Fed comments
June 17, 2015--The rand has slipped against a firm dollar as headline inflation rose to a 2015 peak in May,
opening the door for further losses ahead of a US Federal Reserve meeting.
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Source: FIN24
Stock indices have fallen again
June 16, 2015--Stock indices have fallen for a third straight session in Johannesburg,
in line with a broad sell-off in major overseas markets over Greece's possible debt default.
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Source: FIN24
JSE falls for 3rd straight day, Amplats skids
June 15, 2015--South Africa's stock indices have fallen for a third straight session, in line with a broad
sell-off in major overseas markets as Greece moved closer to a debt default after talks with creditors failed.
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Source: FIN24
Rand weakens as Greece talks break down
June 15, 2015--The rand has weakened against the dollar, as demand for riskier assets waned after the latest
talks to solve Greece's debt crisis ended without a resolution.
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Source: FIN24
South Africa bans adviser commission with own RDR
June 15, 2015--South African financial advisers will no longer be able to receive commission from fund groups for selling their products in a retail distribution review (RDR) like reform, which bears the same name.
According to the Financial Times, South African regulators are introducing the reforms in 2016 so commission payments are replaced by an advice fee, agreed upfront with the customer, following the footsteps of the UK under the RDR.
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Source: citywire.co.uk
S&P affirms SA's rating
June 12, 2015--Standard & Poor's affirmed South Africa's credit rating on Friday, saying tax increases should limit fiscal risks in the next three years.
"We are affirming our long-and short-term foreign currency sovereign credit ratings on South Africa at 'BBB-/A-3'," S&P said in a statement, adding it had kept the outlook stable.
The ratings firm added that it expected Treasury to stick to its promise to maintain a hard expenditure ceiling, and that it expected growth of 2.1 percent in 2015.
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Source: moneyweb.co.za
