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S&P Global downgrades SA to junk, Moody's places SA on downgrade review
November 24, 2017-- Global ratings agency S&P Global Ratings on Friday evening downgraded South Africa's long-term local currency rating to 'BB+', or junk, from 'BBB-' with a stable outlook, while Moody's has placed the country on review to be downgraded.
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Source: FIN24
Mnangagwa sworn in as Zimbabwe's president
November 24, 2017--Mugabe's old ally promises democratic rebirth but faces stern economic challenge.
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Source: FT.com
Nigeria: Rising Investors' Confidence Lifts External Reserves to $34.9bn
November 22, 2017--The Central Bank of Nigeria (CBN) yesterday said that the nation's external reserves have risen to $34.9 billion, the highest in 30 months, driven by increased investor confidence in the Nigerian economy.
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Source: AllAfrica.com
Zimbabwe: As Mugabe Falls, Change is in The Air, But so is Uncertainty
November 22, 2017--Despite the celebrations that followed the resignation of Zimbabwe's former president Robert Mugabe on Tuesday, there is still uncertainty among Zimbabweans about the country's future under ruling party Zanu-PF.
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Source: AllAfrica.com
JSE takes breather as rand firms on peaceful Mugabe exit
November 22, 2017--The JSE has taken a breather from its record-breaking run as the rand strengthened considerably after the peaceful political transition in neighbouring Zimbabwe.
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Source: FIN24
Nigerian Stock Exchange Index Gains 0.24 Percent As Market Opens On Bullish Note
November 21, 2017--The Nigerian equities market opened for the week on a bullish note as investors reacted to the positive Gross Domestic Product (GDP) growth rate in the third quarter (Q3) 2017.
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Source: AllAfrica.com
The Case for Sustaining State Fiscal Reforms: Nigeria Economic Update
November 21, 2017--Nigeria's GDP expanded by 1.4 percent in the third quarter of 2017 (year-on-year), the second quarter of growth after the recession of 2016, reflecting recovery in oil production, good performance in agriculture, and stronger non-oil industry growth due to the easing of foreign exchange constraints.
Yet, many fiscal challenges remain at different levels of government, and effort is needed to successfully address those, according to the World Bank's Nigeria Economic Update, released today.
view the Nigeria biannual economic update: the case for sustaining state fiscal reform
Source: World Bank
JSE powers to new all-time highs on Naspers push
November 21, 2017--Naspers' surge to a new all-time high of R4 142.99 per share has propelled the JSE to new record highs.
< href="https://www.fin24.com/Markets/Equities/jse-powers-to-new-all-time-highs-on-naspers-push-20171121" TARGET="_blank">view more
Source: FIN24
Foreign selling of Saudi stocks slows in latest week-exchange
November 20, 2017--Immediately after the purge was announced, foreign investors were heavy net sellers of Saudi stocks.
Selling of Saudi Arabian equities by foreign investors eased last week after increasing sharply early this month in response to the kingdom's sweeping crackdown on corruption, exchange data released on Monday showed.
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Source: Zawya.com
JSE up as Naspers touches R4 000 a share
November 20, 2017--The JSE opened the week firmer on Monday, lifted mostly by index heavyweight Naspers and rand hedge stocks.
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Source: FIN24
