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South Africa: Five African Bitcoin Startups to Watch
May 26, 2015--Bitcoin is gaining traction worldwide, with the first quarter of 2015 seeing record levels of investment pumped into Bitcoin startups globally.
Africa is no exception to the trend, with startups springing up with innovative applications for Bitcoin in the African context-disrupting the remittance market, and making the cryptocurrency available over SMS. Disrupt Africa names the five startups leading the way with Bitcoin in Africa.
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Source: AllAfrica.com
JSE indices slip on Yellen remarks
May 25, 2015--The strongest indication yet that US interest rates will rise
this year has pushed the JSE lower, but the effect has been surprisingly limited.
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Source: FIN24
Rand weakens on US rate hike hopes
May 25, 2015--The rand has extended its losses against a surging dollar after the US Federal Reserve Chair Janet Yellen signalled the central bank was
poised to raise rates this year.
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Source: FIN24
Africa: making growth more inclusive hinges on unlocking potential of local economies
Continent should capitalise on youth, develop rural-urban trade corridors, says the African Economic Outlook 2015
May 25, 2015--With Africa's population set to triple by 2050, modernizing local economies will be vital to make the continent more competitive and to increase people's living standards, according to the African Economic Outlook 2015, released at the African Development
Bank Group's 50th Annual Meetings.
Surpassing most regions in spite of the global financial crisis, African economies will grow by 4.5 per
cent in 2015 and may reach 5 per cent in 2016, converging with Asia's current growth rates.
view the African Economic Outlook 2015
Source: African Development Bank Group
Mind the Gap: African Development Bank launches Gender Equality Index for Africa
May 25, 2015--The African Development Bank's Gender Equality Index shows how to make gender equality a reality.
The African Development Bank unveiled on Monday, May 25 the first-ever Gender Equality Index for Africa, aimed at informing policies to transform economies and to propel governments to adopt an ambitious agenda for making gender equality a reality throughout the continent.
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Source: AFBD.com
How pension funds could change their asset allocation
May 25, 2015--Regulatory changes and lower expected returns from traditional assets classes could prompt local pension funds to increasingly turn to alternative assets in their search for yield.
A study conducted by the Organisation for Economic Co-operation and Development (OECD) in 2011, showed that South Africa's average net replacement ratio (NRR) was 12%, compared to the OECD average of 69%. In rudimentary terms, the NRR is the percentage of your last salary before retirement you receive as a monthly pension in retirement.
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Source: Moneyweb.co.za
Rand slips as US inflation points to Fed rate hike
May 22, 2015--The rand has slipped against the dollar as US consumer inflation edged up,
boosting the likelihood of a rate hike by the Federal Reserve later this year.
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Source: FIN24
JSE focuses on company results
May 21, 2015--Share prices on the JSE continued to drift mostly sideways,
with company results from firms such as Investec and Meclinic drawing plenty of attention.
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Source: FIN24
Rand softer, bonds flat ahead of rate decision
May 21, 2015--The rand has been a touch softer while government bonds were flat in cautious trading ahead of the South
African Reserve Bank's decision on interest rates.
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Source: FIN24
JSE sluggish on world market caution
May 20, 2015--Share prices have moved very little on the JSE as it echoed global markets' caution in the light of higher bond yields,
a stronger dollar and uncertainty over Greece.
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Source: FIN24
