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Johannesburg— Sunburst Africa— Shares of Sasol Limited (JSE Code: SOL) fell the most on the JSE yesterday. At close of trade, Sasol was down 2.6 percent. This was at the backdrop of South African stocks edging lower on the day as the All-Share Index closing 0.64 percent down. The fall in share price of Sasol, which makes almost half of […]
» Read moreEconomy Following the Fed’s dovish policy statement last week, investors will again tune in to Fed Chair Janet Yellen, as the market struggles to figure out the timing of the next rate hike. After a week of volatile moves in bonds, stocks and currencies, Yellen will discuss her own view on how Fed policy should evolve from here. Friday’s data […]
» Read moreEconomy The ruble has recovered slightly, trading at 67.79 per dollar, after ending Monday’s session over 6% lower at 68.79. The plunge followed yesterday’s move by S&P to downgrade Russia’s sovereign rating to junk due to weak economic growth prospects, low oil prices and Western sanctions. Russian share indexes opened lower this morning, although the ruble-based MICEX is now up […]
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By Vivian Atud Johannesburg– Sunburst Africa–What: The Consumer Price Index (CPI) tracks the rate of change in the prices of goods and services purchased by consumers. Statistics South Africa (Stats SA) will today release data on the headline CPI for December 2014. We should expect a more than 0.1 percent fall in this figure. The headline CPI (for all urban areas) […]
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By Vivian Atud Summary In this first part of my two part predictions for 2015 I will take a look at where the global and domestic economy and markets are headed in 2015. South Africa has been through a roller coaster ride in 2014 and ended up growing just 1.4 percent below all expert forecast at the beginning of 2014. […]
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By Vivian Atud Summary Oil prices continue to fall, this means financial hurt for many companies, but others will benefit. High fuel input cost sectors such as shipping, utilities, airlines, railroads and automotive all stand to gain due to reduced costs or increased sales. There are potential direct and indirect benefits for other sectors from low fuel costs. Johannesburg—Sunburst Africa–The […]
» Read moreBy Editor, Sunburst Africa Johannesburg (Sunburst Africa)- Investors grapple with the reality that crude oil price have fallen to a four-year low, and heading for the biggest weekly tumble since 2011, after OPEC refrained from reducing output. Market analyst the world over have been talking about the impact of this on markets, investors and oil producers. Let us examine the […]
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