November 24, 2016/Reuters South Africa’s central bank kept its benchmark repo rate unchanged at 7 percent on Thursday in line with market consensus, but warned that risks to the inflationary outlook had increased. Delivering the last scheduled rate decision for the year, the central bank Governor Lesetja Kganyago said food […]
Updates
Lafarge Africa Q3 2016 Results Review – Retaining Outperform Rating on Marked Sell-off
Culled—Proshare November 24, 2016/FBNQuest Research Material cuts to our EPS fcst’s & PT on negative cost outlook Although Lafarge Africa’s (Lafarge) Q3 2016 results showed that its pre-tax loss was better than our –N18.9bn forecast, the loss was still sizable at-N11.6bn. Lower unit volumes (-27% y/y), a significant spike in […]
WFE names India’s NSE, Switzerland’s SIX Group and US’s CBOE as new Board Officers
November 24, 2016/WFE At the 56th General Assembly in Cartagena today, the World Federation of Exchanges (“WFE”), which represents more than 200 market infrastructure providers including exchanges and CCPs, appointed three new officers of the Board, in line with the organisation’s customary geographical rotation of officers every two years. The […]
