Tue Jul 19, 2016/Reuters Mtn Group Ltd * JSE: MTN – trading statement for the six months ended 30 June 2016 * Expects to report negative basic headline earnings per share (HEPS) and basic earnings per share (EPS) for HY2016 * Expected decline in heps primarily as a result of […]
Updates
Sub-Saharan Africa debt issuance down 10 percent so far this year
Mon Jul 18, 2016/Reuters Debt issuance in sub-Saharan Africa fell by 10 percent in the first half of 2016, data from Thomson Reuters showed on Monday, as sinking currencies and faltering economies forced borrowers to take a breather. Taking advantage of historically low yields and strong investor appetite, Africans have […]
Naira forwards surge as CBN removes spread limit
19/7/2016/Punch Naira forwards rose to record highs and volatility surged on Monday following the removal of a limit on bid-offer spreads by the Central Bank of Nigeria on Friday. The development raises expectations that the naira is set to extend declines as it trades more freely, according to a Bloomberg […]
