Mauritius’ Investment Prospects in New Dawn

Mauritius’ Investment Prospects in New Dawn

PORT LOUIS (Capital Markets in Africa) – The start of 2017 was marked by the resignation of Sir Anerood Jugnauth as Prime Minister (PM) who was replaced by Mr. Pravind Jugnauth. This ended months of speculation and resulted in a reconstituted cabinet. The new PM who kept the “Finance” portfolio, delivered an address which emphasized continuity on the most recent National Budget. Markets prefer certainty – a state of affairs – which this re-shuffled cabinet is…

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Nigerian Equity Markets: Key Drivers Still Under Siege

Nigerian Equity Markets: Key Drivers Still Under Siege

LAGOS (Capital Markets in Africa) – Analysis of market performance in 2016 indicated that although a combination of poor corporate releases as well as weak macroeconomic fundamentals contributed to the negative return for the year, market volatility remained largely consistent with instability in the currency market. More specifically, while bearish sentiments persisted for most of 2016, equities rallied between May and July 2016 due to reforms in the Oil & Gas sector and adoption of…

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The World a Better Place for South Africa for South Africa Investors

The World a Better Place for South Africa for South Africa Investors

JOHANNESBUGH (Capital Markets in Africa) – There are three big themes that we believe will dominate markets in the year ahead. These are Keynes is King, Reflation and South Africa Stabilises. The first two themes are about an improving world and better global growth, while the third theme is South Africa specific and has the biggest impact on the local asset classes in which we invest.  Keynes is King  The world has shifted. The big…

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Preview of South Africa’s Budget Speech 2017

Preview of South Africa’s Budget Speech 2017

JOHANNESBURG (Capital Markets in Africa) – The upcoming Budget will be a critical one given there is no more room for the upward revision of deficit targets as seen over the last few years. As a result of the current slow growth environment, the tax increases and expenditure cuts set in October’s Medium-term Budget have to be adhered to if Treasury is to deliver a positive Budget. This is according to Senior Economist, Johann Els,…

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Investing in African equity markets today: Zimbabwe as a case study for sub-Saharan Africa

Investing in African equity markets today: Zimbabwe as a case study for sub-Saharan Africa

HARARE (Capital Markets in Africa) – A decade after its first disastrous flirtation with hyperinflation, Zimbabwe is once again on the economic precipice with the effects being conspicuously similar. Supermarket shelves have started to empty, some public and even private sector salaries remain unpaid, banking hall queues are getting longer and hospitals are short of basic supplies. Whilst the humanitarian state of affairs is critical we find the microeconomic structures persistently durable given that businesses continue…

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Nigeria’s Economic Recession Creates Opportunities in Real Estate

Nigeria’s Economic Recession Creates Opportunities in Real Estate

EXCLUSIVE INTERVIEW with Obinna Onunkwo, Managing Partner of Purple Capital Partners Limited, is a seasoned securities specialist with over 15 years of experience in investment management. He talks to Capital Markets in Africa about challenges and opportunities in Nigerian real estate markets. The perfect storm is brewed with the combination of an acute shortage of dollar inflows, the spectre of currency devaluation, increasing inflation and rising interest rates. How are developers and investors facing these challenges as well…

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Francophone Africa: Reality and Opportunities in Real Estate

Francophone Africa: Reality and Opportunities in Real Estate

ABIDJAN (Capital Markets in Africa) – Africa and its potential have been on every investor’s lips for some time now. This interest is especially relevant when strong trends are emerging across cities of Africa, whether French, English or Portuguese-speaking, including an emerging middle class and rapid urbanization. Early 2000, commodities-driven economies with impressive growth rates such as Nigeria and Angola were the first targets of international investors. However, with the recent fall in commodities price,…

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