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JSE falls for 3rd straight day, Amplats skids
June 15, 2015--South Africa's stock indices have fallen for a third straight session, in line with a broad
sell-off in major overseas markets as Greece moved closer to a debt default after talks with creditors failed.
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Source: FIN24
Rand weakens as Greece talks break down
June 15, 2015--The rand has weakened against the dollar, as demand for riskier assets waned after the latest
talks to solve Greece's debt crisis ended without a resolution.
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Source: FIN24
South Africa bans adviser commission with own RDR
June 15, 2015--South African financial advisers will no longer be able to receive commission from fund groups for selling their products in a retail distribution review (RDR) like reform, which bears the same name.
According to the Financial Times, South African regulators are introducing the reforms in 2016 so commission payments are replaced by an advice fee, agreed upfront with the customer, following the footsteps of the UK under the RDR.
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Source: citywire.co.uk
S&P affirms SA's rating
June 12, 2015--Standard & Poor's affirmed South Africa's credit rating on Friday, saying tax increases should limit fiscal risks in the next three years.
"We are affirming our long-and short-term foreign currency sovereign credit ratings on South Africa at 'BBB-/A-3'," S&P said in a statement, adding it had kept the outlook stable.
The ratings firm added that it expected Treasury to stick to its promise to maintain a hard expenditure ceiling, and that it expected growth of 2.1 percent in 2015.
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Source: moneyweb.co.za
Bulls gaining upper hand on JSE
June 12, 2015--The stalemate in talks about Greece spilled over to the JSE in
morning trade with very little movement at first, but with bulls gaining the upper hand by noon.
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Source: FIN24
Rand steady ahead of S&P rating update
June 12, 2015--The rand has steadied against the dollar as investors held
positions ahead of a Standard & Poor's credit rating update on the economy.
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Source: FIN24
Rand slips as market awaits domestic data
June 11, 2015--The rand has traded softer against the dollar,
with scope to extend losses should domestic mining and factory output numbers come out weaker than expected.
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Source: FIN25
JSE sustains rally on optimism over Greek debt deal
June 11, 2015--The technical rebound on the JSE has continued as upbeat
sentiment over a possible solution for the Greek debt crisis improved the market tone even further.
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Source: FIN24
Rand slips as market awaits domestic data
June 11, 2015--The rand has traded softer against the dollar, with scope to extend losses should domestic mining
and factory output numbers come out weaker than expected.
view more
Source: FIN24
Rand slips as market awaits domestic data
June 11, 2015--The rand has traded softer against the dollar, with scope to extend losses should domestic mining
and factory output numbers come out weaker than expected.
view more
Source: FIN24
