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Nigeria: Yar'Adua Approves 'Quick Fix' Measures | | President Umaru Musa Yar'Adua has given approval for the amendment of the Companies and Allied Matters Act (CAMA), 1990, to facilitate the implementation of measures advised by the Presidential Advisory Com-mittee on the Capital Market. | | 8/28/2008 5:30:09 AM |
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Nigeria: Pros, Cons of FG's Move to Stabilise Capital Market | | THE announcement by the Presidential Advisory Team constituted on Tuesday, August 26, 2008 to find ways to stabilise the Nigerian capital market should be regarded as a two-edged sword which could cut both in favour and against the capital market itself. | | 8/28/2008 4:49:24 AM |
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Nigeria: Equities' Value On NSE Dips Further By N37.32 Billion | | The bearish trend on the Nigerian Stock Exchan-ge (NSE) continued yester-day, as the value of listed securities dipped by N37.32 billion. This was represented by the depreciation in the market capitalisation, which dropped by 0.42 per cent to close at N8.81 trillion from N8.85 trillion at which it opened. | | 8/28/2008 4:49:23 AM |
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Nigeria: Market Downturn - NSE Reduces Transaction Charges By 50 Percent | | Stakeholders in the nation's capital market- the Nigerian Stock Exchange (NSE), Securities and Exchange Commission (SEC), including the stockbrokers have agreed to reduce the cost of transactions on the NSE by 50 per cent in order to arrest the prevailing market melt down. | | 8/28/2008 2:40:35 AM |
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Zimbabwe: ZSE Shares Riot | | SHARES on the Zimbabwe Stock Exchange rioted on Monday on increased buying pressure and negative inflation. The industrial index doubled in value after all counters gained. | | 8/27/2008 7:21:23 AM |
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Nigeria: The Ndidi Stock Exchange (NSE) | | PROFESSOR Ndidi Okereke-Onyiuke, the Director General of the Nigeria Stock Exchange (NSE) was last Wednesday detained by the Economic and Financial Crimes Commission (EFCC). | | 8/27/2008 6:02:55 AM |
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Financial, Insurance and Investment News Feeds |
| South Africa Financial Markets | | |
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Major Party Protests Mugabe Plans For Govt
The MDC leadership has resolved as a matter of urgency to write a letter of protest to South African President Thabo Mbeki about Robert Mugabe's 'suicidal mission' to form a new government.
Roots of Anti-Migrant Violence Named
POOR management of migration by the state , along with many South Africans' ignorance about the rest of the continent, contributed to xenophobic attacks on foreigners five months ago, former University of Cape Town vice-chancellor Mamphela Ramphele said yesterday.
Govt Spends Billions on 2010 World Cup
South Africa has earmarked a whooping $30bn for preparation towards 2010 World Cup which would be hosted for the first time in Africa.
Controversial Expropriation Bill is 'Shelved'
Despite one of the most intensive programmes of public hearings in the democratic Parliament's history, "lack of proper consultation" has been cited as the reason for "shelving" the controversial Expropriation Bill.
Mbeki Convenes More Powersharing Talks
The gulf between the MDC and ZANU PF widened on Tuesday when Robert Mugabe went ahead and convened parliament, in breach of the Memorandum of Understanding signed by the rival parties.
UN Helps Uprooted Foreigners Return Home
The United Nations is assisting foreigners displaced by xenophobic violence which swept South Africa earlier this year to return to their home countries.
Maize May Suffer From High Input Costs
High fertiliser and fuel prices in South Africa may impact the 2009/2010 maize harvest in the region's largest producer, a grain farmers' body warned.
Country's Heavyweights on Bench for Teek Appeal
Three of South Africa's most senior Judges, two long-serving Magistrates, a veteran advocate and a fast-rising young lawyer are part of the latest batch of appointments of Acting Judges of Namibia's Supreme Court and High Court made by the President.
More Citizens Plan to Travel Abroad, Spend More
RESULTS of the latest MasterCard Worldwide Consumer Lifestyles survey have revealed that, despite a recent decrease in consumer confidence, a growing number of South Africans continue to plan holidays and business-related trips abroad.
Buoyant Sector Boosts Murray & Roberts' Orders
WHILE many sectors of the economy are choking in a high inflation environment, construction companies are powering ahead, underpinned by the government's multibillion-rand infrastructure expansion programme.
Pothole Economics
WATCH out if you're driving around Durban (eThekwini). The city has cut spending on maintaining its roads 21% annually over the past three years.
Engen on Buying Spree in Region
PETROLEUM products group Engen is on a buying spree as it feeds its seemingly big appetite for downstream acquisitions in its quest to be a market leader in southern Africa.
Cabinet Approves Formalised Skills Plan to Replace Jipsa
The cabinet has approved the broad framework for a human resource development strategy (HRDS-SA) to start working from April next year.
Sandton Nurses to Picket for Increase
NURSES at Sandton Medi- Clinic will down tools tonight following the failure of wage increase negotiations.
Inflation at 13 Percent, Near Its Peak, Say Experts
SA's main inflation rate rose to 13% last month, a touch above forecasts, but government bonds rallied on the view that yesterday's figures helped the case for keeping interest rates steady for the rest of the year.
Fuel Price to Fall - By Less Than Hoped
BAD news for motorists: petrol prices could fall less than the widely expected R1 a litre if the minerals and energy department decides to channel some of the money towards what is known as the slate account.
Rights Work Hampered By Closure Threat
The University of KwaZulu-Natal (UKZN) last week lifted a funding ban on its Centre for Civil Society (CCS) after national and international intellectuals protested loudly against the leftist centre's potential closure.
Gilbert to Lead Warriors' Attack
Orlando Pirates' veteran striker Gilbert Mushangazhike will lead the Zimbabwe attack in the absence of skipper Benjani Mwaruwari in the 2010 African Cup of Nations and World Cup qualifier match against Guinea on 7 September.
Hayford Defends Selection After Liberty Loss
Asante Kotoko coach Bashir Hayford has defended his selection policy after the Porcupine Warriors lost 2-1 to Liberty Professionals in their Top 4 meeting at the Ohene Djan Stadium on Wednesday.
Talk, But No Action on Celtic Sale
Talks of a possible purchase of Bloemfontein Celtic are nothing more than just that at the moment, club CEO Ikie Augousti tells KickOff.com.
De Sa Praises Rookies in Students' First Victory
Bidvest Wits coach Roger De Sa has hailed his players for their good performance during their Absa Premiership opening fixture against Santos at Bidvest Stadium last night.
Otieno 'Happy' to Be Back at Santos
A huge cloud of joy has suddenly filled the corridors at Santos despite the season opening loss to Bidvest Wits on Wednesday night following the return of veteran defender Musa Otieno from a two-month loan spell in the United States.
Etafia Says No Favours for Bafana
Moroka Swallows and Nigeria national team goalkeeper Greg Etafia has promised Bafana Bafana no favours when the Super Eagles meet Bafana in the World Cup/Africa Cup of Nations qualifier in Port Elizabeth next week Saturday.
Amajimbos Gear Up for Malawi Clash
The South African Under-17 team has advanced its preparations ahead of the Algeria 2009 African Championships first round, first leg qualifier against Malawi at Eldorado Park on Saturday afternoon.
Tipa 'at Peace' as He Waits for Papers
Cameroonian midfielder Bienvenu Tipa says he is at peace with his situation of having to be de-registered at Bidvest Wits to make space for new foreign players while he awaits his permanent residence papers.
Trigo Ready for Action After 30-Month Layoff
Though 30 months have passed since Antonio 'Paulito' Trigo picked up a groin injury, the lanky defender-cum-midfielder still believes he can get back into competitive football as he is confident that he has now recovered completely.
Big Project for North Riding
PAUL Simpson, former head of Woolworths' real estate division, has formed a development company that plans to construct a huge R3bn mixed-use precinct in North Riding, Johannesburg.
Sky's the Limit for ARB
THE electrification of schools and homes in SA and Africa's electrical infrastructure development has put black empowered electrical wholesaler ARB in the pound seats.
New Development for Pilanesberg
THE booming platinum industry is also giving a much-needed boost to the property sector on the northeastern side of the Pilanesberg, with Amtrad Properties undertaking to develop a R1bn new central business district in the area.
Liberty Offer in Offing?
LIBERTY International's share price bounced over the past few days to its highest level since the end of April on news that two big property companies had bought into it.
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