By Vivian Atud Johannesburg-Sunburst Africa– Markets in Asia have opened cautiously this morning with most Asian stocks trading lower as investors await Greece’s review of debt reduction policies. In Australia, bonds gained in early trade and oil traded at less than $50 a barrel. In the US, Federal Reserve Chair Janet Yellen will address lawmakers and investors will likely continue […]» Read more
Economy European shares are again on the decline after talks between Greece and euro zone finance ministers collapsed. Jeroen Dijsselbloem, who chaired the meeting yesterday, told Greece it had until Friday to request a six-month extension of its international bailout or the program would expire at the end of the month. “We want an honorable settlement,” announced Greek Finance Minister […]» Read more
Economy “What we want is a deal. But if there is no deal…then we have the obligation to go to Plan B. Plan B is to get funding from another source,” said Greek Defense Minister Panos Kammenos early Tuesday. “It could be the United States at best, it could be Russia, it could be China or other countries.” Meanwhile, Greece […]» Read more
Expect an Increase in the Manufacturing & Sales Figures for November 2014 to be Released Later Today.
By Vivian Atud What: Statistics South Africa (Stats SA) will today at 13:00 p.m. release the manufacturing and sales figures for November 2014. Manufacturing remains a key sector of the South African economy. Figure 1: Breakdown of gross value added by industry, 2012 (proportions) (Source: Stats SA, 2013) According to figure one, manufacturing is a key sector and second biggest […]» Read more
Johannesburg- Sunburst Africa –Trade on the JSE closed in the negative territory yesterday following a decline in mining stocks as oil continue to slide. The biggest losers of the day included: Sasol, MTN Group, Shoprit, Exxaro, and Assore. Vodacom, Imperial and Anglogold topped the list of top gainers. The market closed down 2.11 percent yesterday extending loses from last week. […]» Read more
Following the announcement that the South African Reserve Bank has unanimously decided to keep the repo rate on hold – at 5.75% due to the lower trajectory of headline inflation and continued weak state of the economy, many south African are grappling with what this means for them and their consumption. Let me start by introducing my readers to the […]» Read more