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Archive for the ‘Industry Updates’ Category

 

Daily Solutions – 29 November 2017

By Alexander Forbes Investments on Nov 29, 2017 in Industry Updates Market and Economic Commentary Performance The news

JOHANNESBURG – The JSE closed a little weaker on Tuesday in choppy trade as the market attempted to find direction on a firmer rand and upbeat global markets. A stronger rand tends to support shares with a local focus, while a weaker rand usually results in gains for rand hedges. Miners also tend to benefit from a softer rand. A firmer rand supports lower inflation, which could lead to interest-rate cuts. Resources and platinum stocks closed weaker on the day, while banks and retailers were star performers.

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Daily Solutions – 28 November 2017

By Alexander Forbes Investments on Nov 28, 2017 in Industry Updates Market and Economic Commentary Performance The news

JOHANNESBURG – The JSE closed weaker on Monday as the stronger rand supported banking, retailer and property stocks following S&P Global Ratings’ downgrade announcement on Friday. Miners closed in the red. In an unusual development, the rand firmed more than 2.5% against the dollar in the course of the day.

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Daily Solutions – 27 November 2017

By Alexander Forbes Investments on Nov 27, 2017 in Industry Updates Market and Economic Commentary Performance The news

JOHANNESBURG – The JSE was a fraction firmer on Friday, extending its streak of consecutive weekly gains to eight, despite subdued volumes ahead of credit-rating announcements by agencies S&P Global and Moody’s later in the evening. It was also a half-day for US equity markets, with volumes on the local bourse coming in at R14bn, compared with the daily average of R20bn.

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Dealing With Credit Rating Downgrades

By Alexander Forbes Investments on Nov 25, 2017 in Industry Updates Market and Economic Commentary Performance The news

S&P Global Ratings has, for the first time since ratings were solicited, downgraded both the 90% of South Africa’s debt issued in local currency and the 10% in foreign currency to non-investment grade, while Moody’s and Fitch have left their ratings unchanged. This means the average effective credit rating for South Africa is now non-investment grade.

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