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Kenya Among the Fastest Growing Economies in Africa
March 11, 2015--Buoyed by falling oil prices, Kenya's growth is projected to rise from 5.4 percent in 2014 to 6-7 percent over the next three years (2015-2017), making it one of the fastest-growing economies in Sub-Saharan Africa according to the latest Kenya Economic Update (KEU) published by the World Bank.
The eleventh edition of the KEU notes that external and internal balances are expected to improve significantly, thanks to falling oil prices. In addition public investment in infrastructure, mainly in energy and standard gauge railways, will strengthen growth in the medium term.
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Source: IMF
Naspers lift boosts JSE resources
March 11, 2015--Naspers has been one of the few shining lights on the JSE, with the share's 2.34% increase helping to
stem the negative influence of the tumbling resources sector.
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Source: FIN24
Rand recoups some of steep losses against dollar
March 11, 2015--The rand recouped some of its steep losses against the dollar, gaining 1%, but still hovered around
the 13-year low hit after a sell-off of emerging market currencies.
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Source: FIN24
SA stocks sink again as commodities routed
March 10, 2015--SA stocks have dropped for a second session in a row, pulled down once again by a global resources
sell-off that saw platinum hit five-year lows and iron ore plumb a record trough.
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Source: FIN24
Rand hits fresh low against surging dollar
March 10, 2015--The rand has extended losses against the dollar to 1.5% as it
hit a session trough of R12.2700/dollar, its weakest level since March 2002.
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Source: FIN24
Rand hits new 13-yr low on US rate hike hopes
March 9, 2015--The rand has hit a new 13-year low against the dollar, after investors sold off emerging market
currencies amid expectations of an imminent interest rate hike in the US.
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Source: FIN24
JSE surges on financial and industrial stocks
March 6, 2015--The All-share index has hit yet another new high as financial and industrial shares pushed the JSE
higher by midday.
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Source: FIN24
Rand falls to 13-year low after US jobs data
March 6, 2015--The rand has fallen to a 13-year low and government bonds also slid sharply, as emerging markets are heavily sold off after US job numbers
strengthened the case for the Fed to hike interest rates.
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Source: FIN24
SA stocks gain, Standard Bank jumps on dividend
March 5, 2015--SA stocks have ended higher, with Standard Bank among the top gainers on the blue-chip index
after the lender declared a better-than-expected dividend payout.
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Source: FIN24
Rand weakens after ECB unveils stimulus details
March 5, 2015--The rand has weakened against the dollar as the European Central Bank's announcement detailing
its $1trn buying programme failed to halt the greenback's strong run.
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Source: FIN24
