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Ukraine crisis weighs heavily on JSE
March 3, 2014--Uncertainty returned to the JSE as the threat of war in the Ukraine and bad news out of China weighed heavily on investor sentiment
towards emerging market assets.
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Source: FIN24
Rand weakens amid Ukraine crisis
March 3, 2014-The rand weakened alongside other emerging markets on Monday as investors dumped high-yielding assets in a wave of risk aversion fanned by political tensions in Ukraine.
By 15:43 GMT the local unit was trading at R10.8185/$ to the dollar, down 0.57% from Friday's close in New York.
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Source: FIN24
JSE fails to track Wall Street rally
February 28, 2014--With the Standard and Poor-index on Wall Street closing on a record last night, the scene was set for a rally on the JSE this morning, but it did not happen.
By midday the all share on the JSE was only 31.83 points higher on 47 082, while the Top 40 index traded 43.48 points higher at 42 588.
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Source: FIN24
Rand weakens slightly ahead of trade data
February 28, 2014--The rand was slightly weaker against the dollar on Friday and could suffer further losses if trade data due later in the session disappoints.
The rand was at R10.7250 to the dollar at 06:29 GMT, down 0.3% from Thursday's New York close.
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Source: FIN24
Rand slips after budget
February 27, 2014--The rand was weaker against the dollar on Wednesday after Finance Minister Pravin Gordhan presented the 2014 budget to parliament and as emerging market currencies came under pressure.
The rand was at R10.8150 to the dollar at 15:35 GMT, down 0.8% from Tuesday's New York close.
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Source: FIN24
JSE firmer ahead of budget speech
February 26, 2014--All the indices were higher amid a stronger rand environment, except for gold miners. Even resources recovered from two days of profit-taking.
At midday the All-share index was up 63 points or 0.13% at 47,020 points, with the blue chip Top 40 index adding 99,57 points or 0.23% to 42 542. The resources index traded 0.21% higher, but the gold index was 1.95% lower.
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Source: FIN24
Rand holds on to gains ahead of budget
February 26, 2014--The rand has been marginally firmer against the dollar, building on four days of gains and expectations of a solid budget from Finance Minister Pravin Gordhan.
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Source: FIN24
Statistics South Africa- Fourth quarter GDP up by 3, 8 per cent
February 25, 2014--The seasonally adjusted real gross domestic product (GDP) at market prices for the fourth quarter of 2013 increased at an annualised rate of 3,8 per cent. The main contributors to this increase in economic activity were the manufacturing industry (1,8 percentage points) and the mining and quarrying industry (0,8 of a percentage point).
The manufacturing industry's contribution of 1,8 percentage points was based on growth of 12,3 per cent, due to higher production in food and beverages; petroleum, chemical products, rubber and plastic products; and motor vehicles, parts and accessories and other transport equipment.
view the Gross domestic product-Fourth quarter 2013 report
Source: Statistics South Africa
JSE extends losses
February 25, 2014--South African shares extended losses on Tuesday, falling just over 1% as a firmer rand currency put pressure on resource companies such as Anglo American.
Shoprite dropped nearly 2% after posting the slowest first-half profit growth in eight years as customers of Africa's biggest retailer grapple with high debt, job losses and inflation.
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Source: FIN24
Rand weakens ahead of GDP data
February 25, 2014--The rand weakened against the dollar early on Tuesday, pulling back from a 5-week high hit overnight as political tensions in emerging markets such as Ukraine and Turkey remained and depressed risk appetite.
The rand managed gains to 10.75/dollar in the previous session, boosted by expectations of upbeat GDP data, a market-positive budget and as dealers unwound long-dollar positions.
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Source: FIN24
