Leon Myburgh News
-
South Africa’s central bank named Kuben Naidoo as an adviser to Governor Gill Marcus and Citigroup Inc.’s Leon Myburgh to head the financial markets department.
-
Kenya’s shilling will probably weaken further over the next five weeks after hitting a 13-month low yesterday as businesses accumulate dollars on concern March 4 elections may spark violence, according to a Bloomberg News survey of traders and analysts.
-
The naira snapped a four-day retreat against the dollar on speculation that Nigeria’s central bank will hold interest rates at a record high as inflation stayed above the regulator’s target.
-
South Africa’s decision to replace nuts and lentils with vodka and cheese in the consumer price index is damping chances of slower inflation and a recovery for the world’s worst-performing bond market.
-
Namibia’s debut rand bond sale, the first by a foreign government, will probably prompt other African nations to sell bonds in the South African currency, lured by an investment industry overseeing $600 billion of assets.
-
South African government bonds were the worst performers last week as spreading labor unrest, the first rating downgrade since apartheid and a widening trade deficit overshadowed the debt’s inclusion in a benchmark index.
-
South African government bonds may attract as much as $8 billion in foreign investment because of their inclusion in Citigroup Inc.’s World Government Bond Index on Oct. 1, the U.S. bank said.
-
South Africa’s plan to extend the maturity of its debt is driving the yield premium on its longest-dated bonds to the highest on record.
-
The rand surged to a two-week high against the dollar after South African Finance Minister Pravin Gordhan indicated the government may intervene in the foreign- exchange market to reduce swings in the currency.
-
South Africa posted a record monthly budget deficit of 57.5 billion rand ($6.8 billion) in July as state expenditure surged, the National Treasury said.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page