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Rand firmer as SA awaits Nkandla ruling
March 31, 2016--The rand has firmed against the dollar, holding on to its high against the greenback as market focus is on the Constitutional Court's ruling on Nkandla.
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Source: FIN24
JSE stages strong rally on Yellen speech
March 30, 2016--Share prices on the JSE rallied strongly on Wednesday morning in line with world markets as investors pared back expectations on how fast and how far US interest rates might rise this year.
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Source: FIN24
South Africa: Rand Breaks Through R15/U.S.$ for First Time Since December
March 30, 2016--The rand has broken the R15/$ ceiling on Wednesday after US fed chair Janet Yellen surprised on Tuesday night with dovish comments,
depreciating the dollar against most currencies.
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Source: AllAfricanews.com
JSE dips on resources profit-taking
March 29, 2016--The JSE has not followed European markets higher as investors are still busy with selective profit-taking in the resources sector after its recent rally.
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Source: FIN24
Nigeria: Stock-More Troubles As Foreign Investors Withdraw Investments
March 28, 2016--There is strong indication that foreign investors who used to transact larger percentage of activities in the Nigerian stock market have been withdrawing their investments from the market.
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Source: AllAfricanews.com
Rand softer in line with EM currencies
March 24, 2016--The rand has retreated against the dollar, mainly reflecting the greenback's gains spurred by expectations of higher US interest rates this year
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Source: FIN24
South Africa: Shocker As Inflation Breaches Reserve Bank Target Again
March 24, 2016--The annual consumer price inflation (CPI) was 7% in February 2016, up from 6.2% in January 2016-when it breached the SA Reserve Bank's target range, Statistics SA announced on Wednesday.
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Source: FIN24
Rand steady, following Brussels attacks
March 23, 2016--The rand has steadied against the dollar after a sell-off following attacks in Brussels, but traders say a strong greenback would keep the currency under pressure.
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Source: FIN24
Nigeria: Senate Passes 2016 Budget
March 23, 2016--The Senate has passed the N6.08 trillion budget for 2016, with an unprecedented reduction in the budget's total.
President Muhammadu Buhari presented a N6.08 trillion proposal in December 2015.
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Source: allafrica.com
Rand fragile as downgrade fears, Gupta scandal weigh
March 22, 2016--The rand has steadied against the dollar but traders say it remains vulnerable to a political crisis and fears of a sovereign credit ratings downgrade.
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Source: FIN24
