IMF lowers Burkina growth forecast, hit by revolution, Ebola, mining slump

The International Monetary Fund has lowered its forecasts for Burkina Faso's economic growth in 2014 and 2015 to 5 per cent.

Nedbank Private Wealth Managers find new home at Sanlam

Seven of Nedbank Private Wealth’s wealth managers have moved to Sanlam Private Wealth in Johannesburg.

Matjila appointed CEO Public Investment Corporation

The South Africa cabinet has approved the appointment of Daniel Matjila as the chief of the Public Investment Corporation (PIC).

African PE opportunities come in small packages

The more African private equity (PE) markets evolve, the clearer it becomes that smaller deals can offer greater value.
Santam’s investment performance in line with market

Difficulty expected for short-term insurance industry

The short-term insurance industry can expect a few difficult years ahead, says Lion of Africa Insurance chief executive, Adam Samie.

Kenya cuts domestic borrowing by 36.8%

Kenya’s treasury has cut down the amount it intends to borrow through Treasury bills and bonds by 36.8 per cent.
Kenya’s Diamond Trust Bank jumps 17% in pretax

S.Africa Q3 spending growth quickens to annualised 2.6%

Spending in South Africa expanded at an annualised 2.6 per cent in the third quarter of the year.
S.Africa's rand gains

S.Africa's rand falls to weakest level in nine weeks

The South Africa rand fell to 9-week lows against the dollar on Friday.
OMAM says emerging markets products performing well

Growth in Egyptian business activity almost stalls in Nov – PMI

Business activity in Egypt expanded in November for a fourth month but growth slowed almost to a standstill.

Recovery seen in S.Africa's building sector

Confidence in the building sector has jumped up 15 points to 60 points in the fourth quarter of 2014, according to an FNB/BER index.

Kagiso PMI up to best level since August 2013

The seasonally-adjusted Kagiso Purchasing Managers’ Index (PMI) rose to 53.3 points in November – its best level since August 2013.
S.Africa's rand hits new 2014 highs after dovish Fed comments

South Africa's rand falls to week lows on wide trade deficit

South Africa's rand fell to a week's low against the dollar on Friday.

Investors in Abil receive offer for preference shares

Some investors in failed South African lender African Bank Investments (Abil) have received offers for its preference shares.

Standard Bank accused of metals price fixing – US lawsuit

Goldman Sachs Group Inc, Germany's BASF SE and Standard Bank and one other big platinum and palladium dealers have been sued in the US.

Thumbs up for Mozambique’s growth prospects

Despite many economic challenges, Moody’s sees favourable economic growth for Mozambique.

Poor estate planning hinders preservation of wealth

Poor estate planning is one of the main hindrances to preserving family wealth throughout several generations.

S.Africa's repo rate remains unchanged

The repurchase rate will remain unchanged at 5.75 per cent per annum, says South African Reserve Bank governor, Lesetja Kganyago.
Ghana's budget targets sharply narrower deficit of 6.5%/GDP in 2015

Ghana's budget targets sharply narrower deficit of 6.5%/GDP in 2015

Ghana aims to narrow its budget deficit to 6.5 per cent of GDP in 2015, from a projected 9.6 per cent this year.

Ratings agency downgrades five of S.Africa's big banks

Moody's Investors Service has downgraded five largest South African banks by one notch to Baa2 (stable) from Baa1.

Moody's confirms Capitec Ba2 deposit ratings with stable outlook

Ratings’ agency Moody's Investors Service has confirmed Capitec Bank’s Ba2 long-term deposit ratings with a stable outlook.