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Rand on backfoot in risk-averse trade
May 20, 2015--The rand weakened for the third day against the dollar on Wednesday,
with the greenbank still buoyed by stronger than expected US housing data and as Greece's debt problems dampened appetite for riskier assets.
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Source: FIN24
Rand softens as dollar rises on US housing data
May 19, 2015--The rand has weakened as the dollar was buoyed by strong US housing data that revived bets of a
rate hike in the world's strongest economy by year-end.
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Source: FIN24
Rand weaker against globally firmer dollar
May 18, 2015--The rand has weakened against the dollar as the greenback made broad-based gains,
recovering from almost four-month lows reached last week on another bad round of US economic data.
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Source: FIN24
JSE up as Brait makes UK purchase
May 15, 2015--South African shares have edged up slightly underpinned by investment company Brait after it said
would buy a majority stake in British budget clothes retailer New Look.
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Source: FIN24
Rand erases early losses against dollar
May 15, 2015--The rand has erased early losses against the greenback and was on track for a fourth straight daily gain
after weak US data knocked the dollar back.
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Rand, bonds extend gains as US economy stutters
Little movement on JSE view more
Slow SA growth forces managers take more risks view more
FTSE and Stanbic IBTC develop Nigeria Investable Pension Fund (IPF) index view more
Rand backtracks on China rate cut view more
Source: FIN24
May 14, 2015--The rand has extended gains as the dollar slipped
hit by growing concerns over the US economy.view more
Source: FIN24
May 14, 2015--There was very little movement on the JSE on Thursday morning as investors seem to be consolidating their positions.
The industrial index continued its upward movement, but the gains were very moderate with the index only 0.10% higher by midday. The rest of the market was mostly down with the resources index the biggest loser with a drop of 1.13%.
Source: FIN24
May 14, 2015--Slower economic growth than expected in South Africa is a challenge which puts managers under pressure to create new revenue opportunities and to expand into higher risk markets, according to 77% of SA respondents in the latest EY Europe, Middle East, India and Africa (Emeia) Fraud Survey.
South African businesses must have their eyes wide open in their pursuit of these high-risk growth strategies," according to David Stulb, global leader of EY’s Fraud Investigation & Dispute Services (Fids) practice.
Source: FIN24
May 14, 2015--FTSE Group ("FTSE"), the development of the FTSE Nigeria Investable Pension Fund (IPF) Benchmark.
The new index is the first of its kind in the region, encapsulating Nigerian listed companies while adhering to National Pension Commission (PenCom) regulation on investment, safeguarding good corporate governance for users.
It has been created as a replicable index as well as a performance benchmark, in close collaboration with Stanbic IBTC Pension Managers Ltd, Nigeria’s largest pension fund.
Source: africanbusinesscentral.com
May 11, 2015--The rand has slipped after China cut interest rates for the third time in six months,
putting emerging market currencies back under pressure.
Source: FIN24
