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AfDB issues its inaugural local currency bond in the Nigerian Capital Market
July 18, 2014--After receiving the Securities and Exchange Commission ("SEC") of Nigeria's approval to establish a NGN 160 billion Medium Term Note (MTN) Programme and "No Objection" from the SEC to start the book building process on June 6, 2014,
the African Development Bank ("AfDB" or the "Bank") proceeded to tap the market for its maiden local currency issuance in the Nigerian capital market.
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Source: AfDB (African Development Bank)
SA stocks end lower, Truworths tumbles
July 18, 2014--South African stocks have ended slightly lower as geopolitical tensions in the Middle
East and Ukraine undermined demand for risky assets.
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Source: FIN24
Rand, bonds firmer in post-MPC glow
July 18, 2014--The rand has recovered its footing against the dollar,
shaking off the bout of risk aversion triggered by the downing of a Malaysian plane in Ukraine.
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Source: FIN24
Rand flat ahead of rates decision
July 17, 2014--The rand has largely been flat against the dollar ahead of a
decision by the SA Reserve Bank on interest rates later in the session.
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Source: FIN24
SA stocks at record high, valuations a concern
July 16, 2014--SA stocks have hit record highs after investor confidence was bolstered by expectations the
United States will continue with its massive stimulus programme.
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Source: FIN24
Rand slips as hopes to end metals strike fade
July 16, 2014--The rand has weakened against the dollar as a strike by 220 000 workers in the metals sector
entered its third week and looked unlikely to be resolved soon.
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Source: FIN24
Resources sector boosts JSE
July 15, 2014--Resources stocks have made another strong run on the JSE,
with big global companies like BHP Billiton and Glencore reaching new 52-weeks highs.
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Source: FIN24
Rand eases as strike talks stall
July 15, 2014--The rand has eased against the dollar as prospects for an end to a strike in the metals sector dimmed,
with employers withdrawing a final wage offer.
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Source: FIN24
JSE recovery gains momentum
July 14, 2014--The reversal of last week's correction on the JSE has picked
up speed and by midday the major indices were all more than 0.5% higher.
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Source: FIN24
Rand flat as metal strike grinds on
July 14, 2014--The rand traded sideways against the dollar,
shrugging off a rejection by striking metal workers of the latest wage offer from employers.
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Source: FIN24
