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Little movement on JSE
May 14, 2015--There was very little movement on the JSE on Thursday morning as investors seem to be consolidating their positions.
The industrial index continued its upward movement, but the gains were very moderate with the index only 0.10% higher by midday. The rest of the market was mostly down with the resources index the biggest loser with a drop of 1.13%.
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Source: FIN24
Slow SA growth forces managers take more risks
May 14, 2015--Slower economic growth than expected in South Africa is a challenge which puts managers under pressure to create new revenue opportunities and to expand into higher risk markets, according to 77% of SA respondents in the latest EY Europe, Middle East, India and Africa (Emeia) Fraud Survey.
South African businesses must have their eyes wide open in their pursuit of these high-risk growth strategies," according to David Stulb, global leader of EY’s Fraud Investigation & Dispute Services (Fids) practice.
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Source: FIN24
FTSE and Stanbic IBTC develop Nigeria Investable Pension Fund (IPF) index
May 14, 2015--FTSE Group ("FTSE"), the development of the FTSE Nigeria Investable Pension Fund (IPF) Benchmark.
The new index is the first of its kind in the region, encapsulating Nigerian listed companies while adhering to National Pension Commission (PenCom) regulation on investment, safeguarding good corporate governance for users.
It has been created as a replicable index as well as a performance benchmark, in close collaboration with Stanbic IBTC Pension Managers Ltd, Nigeria’s largest pension fund.
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Source: africanbusinesscentral.com
Rand backtracks on China rate cut
May 11, 2015--The rand has slipped after China cut interest rates for the third time in six months,
putting emerging market currencies back under pressure.
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Source: FIN24
Oil price reversal fuels JSE
May 8, 2015--A reversal in the oil price, which calmed the bond market,
has given equities a boost and the JSE was no exception.
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Source: FIN24
Rand gains after US jobs underwhelms
May 8, 2015--The rand has gained over 1% against the dollar as jobs gains in
the US underwhelmed, helping to boost emerging market assets.
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Source: FIN24
Global bond sell-off hurts JSE
May 7, 2015--The mood in financial markets has deteriorated dramatically over the past few days
and the JSE followed world markets sharply lower.
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Source: FIN24
JSE books biggest drop in 6 weeks
May 6, 2015--The JSE has booked its biggest daily percentage decline in more than a month, tracking global
markets as anxiety from a sell-off in global government bonds spread to equities.
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Source: FIN24
Rand gains, economy woes offset by weak dollar
May 6, 2015--The rand has held on to gains against the dollar despite a fall
in domestic consumer confidence, as the greenback came under pressure from poor US trade data.
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Source: FIN24
JSE bides time ahead of market moving data
May 5, 2015--There has been very little excitement on the JSE, as markets
worldwide wait for market moving economic data to be announced later this week.
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Source: FIN24
