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Africa:African Banks Consider Chinese Yuan, But Risks Loom
July 2, 2018--More than a dozen African countries have been weighing the merits of adding the Chinese yuan to their mix of foreign reserves, discussing the idea at a gathering of officials last month in Harare, Zimbabwe.
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Source: allafrica.com
JSE manages to close firmer after weaker start
June 28, 2018--The JSE advanced on Thursday despite a slow start which saw it briefly trade in the red.
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Source: FIN24
Rand in for a 'bumpy ride'-analyst
June 29, 2018--The rand has taken the biggest hit among other emerging market currencies due to poor economic growth, wage talks at Eskom and unfavourable financing needs, says an analyst.
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Source: FIN24
JSE manages to close firmer after weaker start
June 28, 2018--The JSE advanced on Thursday despite a slow start which saw it briefly trade in the red.
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Source: FT.com
Rand threatens to break through R14/$ amid emerging market rout
June 28, 2018--The rand threatened to break through R14 to the dollar on Thursday as the US dollar kept drawing strength from struggling world economies.
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Source: FIN24
JSE buoyed by recovery in global equities
June 27, 2018--The JSE recovered from an earlier slump to close the day firmer on Wednesday as global equities staged a minor recovery.
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Source: FIN24
Rand losing out to some of most volatile EM currencies
June 27, 2018--Not only is the rand down the most in emerging-markets, it has also crossed key milestones against other developing-nation currencies.
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Source: FIN24
Nigeria: World Bank, AfDB, Others Raise $1.57bn for Nigerian Grid Expansion
June 26, 2018--The Managing Director of Transmission Company of Nigeria, TCN, Mr. Usman Gur Mohammed, has disclosed that multilateral donor agencies have raised $1.57 billion for the agency to expand Nigeria's electricity grid to 20,000 megawatts within the next four years.
Mohammed, who revealed this in Abuja during a two-day workshop to review supervisory control and data acquisition, SCADA, and electricity management system, EMS, plans in Abuja, said the donor agencies include the World Bank, African Development Bank, AfDB, Japan International Cooperation Agency, JICA, and French Development Agency.
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Source: allafrica.com
JSE erases earlier gains to end the day weaker
June 26, 2018--The JSE erased earlier gains to close weaker on Tuesday as index heavyweight Naspers dragged the blue chips lower.
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Source: FIN24
Rand remains vulnerable to trade wars
June 26, 2018---The rand and other emerging market currencies came under pressure with trade wars back in the spotlight.
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Source: FIN24
