South Africa | - Part 84

South Africa Market Watch | 5th Aug 2015: JSE All Share index adds 0.64%, Resource sector tops gainers, adds 3.5%….

Johannesburg, South Africa (Capital Markets in Africa) — Johannesburg Stock Exchange continued in the positive region at the end of the trading session. Johannesburg Stock Exchange (JSE) All Share surged by 336.37 or 0.64 percent to close at 52,774.21 points. The JSE Top 40 index also added 0.73 percent or 341.52 points to end at 47,259.06 points. Similarly, Financial sector index climbed by 0.11 percent or 50.56 points to close at 46,360.41 points. Both the Industrial…

African Equity Market July 2015 Report: BRVM rewards local investors, Botswana strengthens foreigners capital

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Lagos, Nigeria, Capital Markets in Africa — African stock market performance measured by country equity benchmark index return ended in negative for the month of July, with eight gainers and 10 losers on local currency basis. The July average return of -1.5 percent was recorded across eighteen African equity indices and July monthly returns ranges from -9.8% registered by the Nigeria equity markets (measured by NSE All Share) to 8.2% recorded by Cote d’Ivoire equity market (measured…

African Stock Market Mid-Year 2015 Report: BRVM June leader, Botswana Q2 winner, Malawi YTD champ

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Lagos, Nigeria, Capital Markets in Africa — African stock market performance measured by country equity benchmark index return ended in red for the month of June, with seven advancers and eleven decliners on the local currency basis. The June monthly returns ranges from -4.7% registered by the Egyptian stock markets (measured by EGX30 index) to 5.49% recorded by Ugandan equity markets. Looking it from the quarterly return basis for local investor, African equity performance ended on neutral…

South Africa’s rand weakens as rally for riskier assets pauses

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Johannesburg, South Africa (Capital Markets in Africa) – South Africa’s rand weakened more than one percent to the dollar on Tuesday, softening to a one week low of 12.2300 per greenback as a recent rally for riskier assets petered out. According to one trader, technical factors were also beginning to filter through with the 12.30 support level in sight, putting some strain on the dollar rand cross.

Moody’s assigns A1.za debt rating to Ekurhuleni’s (EMM06) ZAR900 million notes due 2025

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Johanessburg, South Africa (Capital Markets in Africa) — Moody’s Investors Service has today assigned a long-term debt rating of A1.za (South African national scale rating) to Ekurhuleni Metropolitan Municipality’s ZAR900 million senior unsecured amortising fixed-rate notes due 2025. These notes are issued under Ekurhuleni’s ZAR8 billion Domestic Medium Term Note programme rated A1.za and will be listed on the Johannesburg Stock Exchange. Proceeds from the notes will be used to finance the city’s infrastructure requirements….

PwC Survey: Optimism and opportunities abound in Africa’s Infrastructure space

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Lagos, Nigeria (Capital Markets in Africa) — Dealing with Africa’s infrastructure backlog and its future demand is high on the agenda of leaders and civil society on the continent and abroad. While the continents infrastructure currently lags well behind that of the rest of the world with some 30% in a dilapidated condition, there is widespread recognition that there are vast business opportunities on the continent as a growing consumer market continues to develop as well as a large number…

Doing Business in South Africa Can Be Made Easier Says World Bank Report

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Pretoria, South Africa (Capital Markets in Africa) —A new World Bank Group report assessing the business environment and state of regulations for domestic firms in South Africa finds that local entrepreneurs face a wide array of business obstacles depending on which city they establish their companies in the Republic. The report also highlights a number of constructive practices that can be better leveraged within the country to improve the business climate for local entrepreneurs and…

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