The South African Reserve Bank is set to announce its policy rate decision this afternoon, will analysts divided on whether rates will remain unchanged or cut by a further 25 basis points.
Moody’s will cut South Africa’s sovereign credit rating later on Friday as a recession deepened by the impact of coronavirus frustrates economic reform efforts aimed at reducing government debt, a Reuters poll of economists found.
Nigeria’s Debt Management Office says foreign investors cut their participation in Nigerian government bond auctions last year, buying just 4.39 of all bonds issued compared with 10.99 per cent bought in 2018. Ifueko Olotu, Team Lead, Treasury Coverage at Access Bank joins CNBC Africa for more.
The local real estate market has had a bleak outlook on the back of the strained South African economic backdrop. But the solution for investors may lie in the Global real estate market which has outperformed South African equities, bonds and listed property. Investors can get the opportunity to be exposed to developed market economies with healthy growth compared to the dismal results in the South African property sector. Fairtree Property Portfolio Managers Rob Hart and Ryan Cloete join CNBC Africa for more.
On this day three years ago, the South African currency and bond market saw a huge slump against the dollar on the back of the Finance Minister reshuffle. Joining CNBC Africa to unpack the state of recovery since then is Rashaad Tayob, Portfolio Manager at ABAX Investments.
The rand was trading to a high of 14.8525 on Wednesday.
Nigeria will consider raising $2.5 billion through Eurobonds in the first quarter to refinance a portion of its domestic treasury bill portfolio at lower cost, the head of the Debt Management Office...