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Double dose of good news for SA rand
June 3, 2016--The rand has received an unexpected boost due to a dismal May jobs report out of the US and the decision by S&P to leave SA's credit rating one notch above junk status.
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Source: FIN24
JSE shows gains despite downgrade threat
June 3, 2016--Investors on the JSE seem to be taking a possible downgrade to junk credit status in their stride, with all major indices solidly higher by mid-morning.
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Source: FIN24
SA dodges S&P 'junk' bullet-for now
June 3, 2016--S&P Global Ratings has affirmed South Africa's long and short term foreign and local currency bond ratings at 'BBB-/A-3' and 'BBB+/A-2' respectively.
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Source: FIN24
South Africa: Economy Dodges Bullet As Ratings Agency Confirms Investment Grade
June 3, 2016--South Africans breathed a sigh of relief late on Friday when a major ratings agency affirmed its current assessment of South Africa's creditworthiness.
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Source: AllAfrica.com
Rand edges up amid rate review jitters
June 1, 2016--The rand has been a touch firmer against the dollar but is unlikely to post significant gains as investors fret about Standard & Poor's upcoming credit rating review.
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Source: FIN24
JSE records longest monthly gains in two years
May 31, 2016--Johannesburg stocks posted the longest stretch of monthly advances in almost two years.
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Source: FIN24
Rand recovers, helped by higher commodity prices
May 31, 2016--The rand has picked up helped by a recovery in commodity prices and as the dollar's recent rally on expectations the US interest rates could rise next month took a breather
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Source: FIN24
Emerging stocks advance to three-week high
May 31, 2016--Emerging-market stocks have risen to a three-week high as optimism the US economy will withstand higher interest rates improved the outlook for exporters.
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Source: FIN24
Rand set for worst month since 2013 as downgrade threat looms
May 31, 2016--The rand has weakened almost 10% this month as expectations the Fed will raise rates boost the dollar and the threat of a downgrade of SA's credit rating weighs on the currency.
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Source: FIN24
Africa: African Countries May Fall Into Debt Trap-AfDB
May 26, 2016--African countries that have borrowed from international capital markets may be sliding into a debt trap as a result of rising interest rates, the African Development Bank said.
Increasingly, many African countries, taking advantage of the low global interest rates, have rushed to the international capital markets by issuing bonds. Between 2006 and 2014, African nations issued $26 billion in Eurobonds. And in 2015 alone, a total of $12 billion of Eurobonds were issued.
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Source: allafrica.com
