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Rand posts worst week since May as Gordhan doubts persist

Aug 26 2016 17:59

The rand headed for the biggest weekly drop since May while benchmark government debt slumped by the most this year on concern Finance Minster Pravin Gordhan’s job is on the line.


Kenyatta's new law sends bank stocks tumbling

Aug 26 2016 16:28

Banking stocks on the Nairobi Stock Exchange have slumped following a decision by Kenyan President Uhuru Kenyatta to sign off a law that caps interest rates on loans.

International Markets

US stocks open higher ahead of Yellen speech

Aug 26 2016 16:06

US stocks have been headed modestly higher in opening trade as markets awaited a speech by Federal Reserve Chair Janet Yellen that could shed light rate hike plans.


INFOGRAPHIC: Volatile rand rages on Zuma's erratic moves

Aug 26 2016 13:58

The rand is one of the most volatile currencies around the world, reacting sharply on controversial political moves in SA, while also gaining at times on global uncertainty.


JSE treads water as world awaits Yellen speech

Aug 26 2016 13:53

The JSE has been in limbo together with global markets, with the major indices moving only marginally as investors mostly occupied the sidelines.


Nigeria's naira hits record low - traders

Aug 26 2016 14:37

Nigeria's naira is quoted at an all-time low of 412 per dollar on the parallel market as a dollar shortage persists, traders say.


Pound heads for weekly gain

Aug 26 2016 13:15

The pound has been headed for its first weekly gain versus the euro since mid-July as economic data continue defying post-Brexit expectations for a slowdown.

International Markets

China stocks fall on regulatory curb concern

Aug 26 2016 10:21

China’s shares have tumbled the most since July on concern the government will take steps to cool speculative activity in the nation’s financial markets.


Gold near one-month low as await Yellen speech

Aug 26 2016 09:46

Gold has traded near a one-month low after a five-day skid as investors ticked off the hours until an address by Federal Reserve Chair Janet Yellen.

International Markets

Emerging-market assets set for weekly drop

Aug 26 2016 09:08

Emerging-market currencies and stocks have been headed for weekly declines on concern Federal Reserve Chair Janet Yellen will signal a US rate hike.


Rand set for worst week since Nene was fired

Aug 26 2016 08:15

The rand is heading for the biggest weekly drop since December as a statement of support for Pravin Gordhan by President Jacob Zuma failed to ease investor concerns.


Rand heads for month-low as Gordhan probe deepens

Aug 25 2016 17:40

The rand has weakened against the dollar as a statement by President Jacob Zuma failed to allay market concern about the future of Finance Minister Pravin Gordhan.

International Markets

US stocks open lower despite solid industrial, jobs data

Aug 25 2016 16:14

US stocks have headed modestly lower in opening trade despite buoyant industrial production and jobless claims data that pointed to continued strength in the economy.


Oil prices hit reverse again

Aug 25 2016 14:08

World oil prices have skidded lower, reversing earlier gains as traders dwelled on rising US crude stockpiles and the stronger dollar.

International Markets

European equities slide in choppy trade

Aug 25 2016 13:46

European stocks have slid in choppy trade as investors eyed poor German data and recent oil price falls, on the eve of a speech by Federal Reserve boss Janet Yellen.

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