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Rand steady after overnight post-Fed losses
October 30, 2014--The rand has recovered some of its poise against the dollar after retreating sharply overnight when the
US Federal Reserve surprised global markets.
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Source: FIN24
EY's attractiveness survey-Africa 2014 Executing growth
October 30, 2014--Good progress, despite the setbacks
In 2013, Africa's share of global FDI projects reached 5.7%,its highest level in a decade. The number of new FDI projects in sub-Saharan Africa (SSA) increased by 4.7%,although the total number of new FDI projects declined by 3.1%,due to the political uncertainty in North Africa. However,the average size of FDI projects increased to US$70.1m in 2013,from US$60.1m in 2012.
In terms of destinations,while South Africa maintained its position as the top FDI destination,emerging hotspots for investment are Kenya,Ghana,Mozambique,Uganda,Tanzania and Zambia.
view the EY's attractiveness survey-Africa 2014 Executing growth report
view the EY's attractiveness survey-Africa 2014 Executing growth inforgraphic
Source: Ernst & Young
JSE advances as investors bet on dovish Fed
October 29, 2014--Stocks have ticked up as investors bought everything from banks to retailers,
betting the US Federal Reserve would announce plans to delay interest rate hikes.
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Source: FIN24
JSE indices gather strength
October 28, 2014--Most major JSE indices have been much stronger and are fast approaching important resistance levels to be breached if upwards
momentum is to be sustainable.
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Source: FIN24
Rand firmer as US data disappoints
October 28, 2014--The rand has firmed to a six-week high against the dollar as durable goods orders in the United
States came in below estimates.
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Source: FIN24
Investors spend N12.9m on ETPs
October 27, 2014--Investors spent N12.9m investing in the country's growing Exchange Traded Products market last week, data from the Nigerian Stock Exchange showed.
Specifically, 702.099 units of Exchange Traded Products were traded in 19 deals during the week, compared to the 5,407 units of ETPs valued at N316,261 which were traded the previous week in 15 deals.
A breakdown of the ETPs traded showed that 701,759 units of the VETIVA GRIFFIN 30 valued at N12.3m were traded in 11 deals, while 340 units of the NEWGOLD ETP valued at N671,764 were exchanged in eight deals.
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Source: Punch
Rand eases ahead of busy data week
October 27, 2014--The rand has weakened slightly against a stronger dollar,
ahead of a busy data week that should set its short-term course.
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Source: FIN24
JSE fails to pull off rally
October 27, 2014--Major JSE indices have made another hesitant effort to turn the negative market trend around,
but lost almost half the gains made shortly after the opening.
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Source: FIN24
Nigeria: Roles of Pension Fund in Enabling Infrastructure Investment in Nigeria
October 26, 2014--Part of the efforts toward catapulting Nigeria among the 20 world economies by the year 2020 is to ensure infrastructure investments, and one of the sure ways this could be attained is to effectively and judiciously employ pension funds.
Pension funds are monies paid to federal, state and local governments as well as private sector retirees, usually managed by constituted pension boards.
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Source: allAfrica.com
IMF-Regional Economic Outlook: Sub-Saharan Africa region---Staying the Course, October, 2014
October 20, 2014--he October 2014 Regional Economic Outlook: Sub-Saharan Africa anticipates continued strong growth in much of Sub-Saharan Africa, driven by efforts to invest in infrastructure and by strong agricultural production.
However, the current Ebola outbreak in Guinea, Liberia, and Sierra Leone is exacting a heavy toll, with spillovers to neighboring countries. In addition, external threats to the region's overall positive outlook include global financial conditions and a slowdown in emerging market growth. Other topics are building resilience in fragile states and addressing the infrastructure deficit.
view the IMF-Regional Economic Outlook:Sub-Saharan Africa
Staying the Course October 2014
Source: IMF
