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Rand on front foot as all eyes turn to Mboweni
October 24, 2018--The rand started on a firm footing as all the attention shifts to new Finance Minister Tito Mboweni's maiden mini budget speech later today.
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Source: FIN24
JSE down as rebound falls short
October 24, 2018--The JSE tried to stage a rebound in the afternoon session, but it came up short to close weaker.
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Source: FIN24
Stocks retreat as global risk-appetite slows
October 18, 2018--The JSE closed weaker on Thursday as it continued to be weighed down by most blue-chip stocks which traded weaker.
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Source: FIN24
Absa Africa Financial Markets Index: Signs of progress amid regional economic weakness
October 18, 2018--Botswana, Kenya and Nigeria have moved up the Absa Africa Financial Markets Index, produced by the Official Monetary and Financial Institutions Forum, and South Africa remains in top position, supported by strong financial market infrastructure and a robust legal framework. However, South Africa's macroeconomic performance has deteriorated over the past year.
Notably, the country no longer tops the index across all six pillars as it did in 2017, having been overtaken by Kenya on 'access to foreign exchange' and by Nigeria in 'market transparency, tax and regulatory environment'. Nigeria is a new entrant to the top five, as a result of Namibia falling to sixth place from fourth this year.
The five highest ranked financial markets in the 2018 index are: South Africa, which remains in the top position; Botswana, which rose to second place from third last year; Kenya, which climbed two spots on improved access to foreign exchange; Mauritius, which moved down to the fourth place from second last year; and Nigeria, owing to improvements in administrative efficiency and tax incentives that have boosted the country's regulatory environment.
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Source: Absa Bank Limited
JSE closes weaker as stocks erase gains
October 17, 2018--The JSE erased earlier gains to close weaker on Wednesday as blue-chip stocks withered.
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Source: FIN24
