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Rand softer on electricity concerns
March 19, 2013--The rand extended its decline at noon due to fears of forced Eskom electricity blackouts,
that could have a negative affect on mining and manufacturing.
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Source: FIN24
Bonds soft despite good auction
March 19, 2013--The South African bond market has been soft in midday trade,
despite a good weekly bond auction as the weaker rand weighed on investor sentiment.
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Source: FIN24
JSE softer on global sentiment
April 18, 2013--The JSE followed world markets lower on Monday due to negative sentiment after a Cyprus bank bailout proposal that included an unexpected levy on bank account deposits.
The bailout proposal led to renewed fears that the eurozone debt crisis could deepen.
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Source: FIN24
Rand weaker but off worst levels
March 18, 2013--The rand has been weaker, but off the session's worst levels' as global risk sentiment regarding the Cyprus bailout deal
improved‚ boosting euro/dollar crosses.
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Source: FIN24
Bonds off worst level
March 18, 2013--The bond market has been off its worst level, as the rand recovered some of its losses after it
weakened following a bank bailout deal in Cyprus.
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Source: FIN24
JSE ends down despite miner gains
March 15, 2013--Despite miners making gains on the JSE on Friday, the all share index ended in negative territory, with platinums the main gainers and banks the laggards.
At 17:00‚ the JSE All Share [JSE:J203] index closed 0.37% softer at 40 757.94 points‚ with the top 40 index giving back 0.40%.
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Source: FIN24
Rand weakens on domestic factors
March 15, 2013--The rand slipped in late trade on Friday as lingering domestic factors overshadowed euro/dollar strength.
At 15:58 the rand was bid at R9.1971/$ from R9.1629/$ at Thursday’s close and R9.2549/$ at Wednesday’s close
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Source: FIN24
JSE closes flat, off all time high
March 14, 2013--The JSE closed flat, off its earlier all time high, with strength from banks and financials countering some softness in the mining and resources sectors.
At 17:00‚ the JSE All Share [JSE:J203] index ticked up 0.08% to 40 908.58 points‚ with the gold‚ resources and platinum indices dipping 1.63%‚ 0.30% and 0.24% respectively.
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Source: FIN24
Rand remains on back foot
March 14, 2013--The rand remained under pressure at midday on Thursday as a negative outlook and a stronger dollar weighed on investor sentiment.
The domestic currency fell to an intraday low of R9.2922/$ at mid-morning before recovering slightly.
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Source: FIN24
S&P: Nigeria's Economic Growth Will Spur Banks Expansion
March 14, 2013--Standard & Poor's (S &P), American-based financial services company has said that the political stability and economic growth recorded by Nigeria will spur expansion in the country's banking industry this year.
Bloomberg quoted S&P analysts, led by Matthew Pirnie in Johannesburg to have said in a report yesterday that: “Nigerian banks have good prospects in 2013 thanks to strong economic growth and currently broad political stability.”
The firm added: “We believe the banks will enter an expansionary phase in 2013, spurred by increasing competition and relatively clean balance sheets.”
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Source: This Day Live
