South Africa | - Part 39

March’s Inflation Trends Across the African Continent

LAGOS (Capital Markets in Africa) – Angola’s inflation eased to 36.52 percent year-on-year in March from 38.32 percent in February, data from the National Statistics Agency reported. Price increases on a month-on-month basis slowed 1.91 percent in March compared to a 2.3 percent previously. Algeria’s consumer price inflation stood at 7 percent year-on-year in March from 4.7 percent a year earlier. The National Statistics Office reported. Inflation reached 1.6 percent in March compared with the…

INTO AFRICA May 2017 Edition: Africa’s Insurance Markets Uncovered

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Welcome to the May 2017 edition of INTO AFRICA, the publication with fresh insight into Africa’s emerging capital markets. This edition focuses on the Insurance sector and is titled: Africa’s Insurance Markets Uncovered marks an exciting time in the sector. Please download by clicking: INTO AFRICA PUBLICATION: MAY 2017 EDITION. The insurance sector remains under-developed in Africa (it generates barely 1.7% of global insurance premiums) despite being home to 15% of the World’s population,…

Africa poised as the next big thing in emerging-market stocks

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – With plenty of economic and political issues surrounding Africa, many investors are hesitant on whether they should invest in this emerging market. The continent is consistently appearing in the news due to the fact it is struggling to contend with illnesses such as Ebola as well as the many armed conflicts that are being documented, which is making Westerners uneasy. In fact, the continent barely appears on some investors’…

South Africa Trade Surplus Surges to 11.4 Billion Rand in March

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South Africa’s trade surplus more than doubled in March as the exports of mining produce surged. The 11.4 billion-rand ($860 million) surplus compares with February’s revised 4.8 billion-rand surplus, the Pretoria-based South African Revenue Service said in an emailed statement Friday. The median of six economist estimates compiled by Bloomberg was for a surplus of 6.2 billion rand. Relief on the trade balance eases pressure on the current account, the broadest measure…

Moody’s to Visit South Africa in Coming Weeks, Buthelezi Says

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – A team from Moody’s Investors Service will visit South Africa in the coming weeks after the ratings company put the nation on review for a downgrade early this month, Deputy Finance Minister Sfiso Buthelezi said. The National Treasury has concluded an international roadshow and will give an update on its outcomes at a later date, Buthelezi told reporters in Johannesburg on Friday. Buthelezi was appointed on March 31 as part of a…

South Africa’s Nuclear Plans Stall as Process Ruled Unlawful

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – South Africa hasn’t complied with the constitution in seeking bidders for a nuclear-energy program and must cancel any deals that have already been signed, the Western Cape High Court ruled. The government must hold public hearings and debate the estimated 1 trillion-rand ($76 billion) program in Parliament, according to a ruling read out on Wednesday by Judge Lee Bozalek in a case brought by civil-society groups Earthlife Africa and…

World’s Deepest Devaluation Makes Egypt Assets RenCap’s Top Pick

Posted on by The Editorial Team

CAIRO (Capital Markets in Africa) – Egypt is reaping the rewards of a painful devaluation. The plunge that sent its currency tumbling the most in the world over the past six months has made the nation’s assets among Renaissance Capital Ltd.’s top picks in developing nations. The Egyptian pound is now the cheapest of all emerging-market and African currencies after it scrapped controls in November, the investment bank’s real effective exchange rate model shows. The…

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