09/14/2023
The leverage on banks' fixed deposit accounts implies that unit trusts would derive the bulk of their income, which is paid out to unit holders, from interest paid out by banks to its high-value depositors.
09/14/2023
A total of 569,626,853 million units of shares worth over N8.69bn were traded on the NGX in 8,404 deals.
09/13/2023
Growthpoint said distributable income per share, the primary measure of underlying financial performance in the listed property sector, rose to 157.6 cents in the year to June 30
09/13/2023
The liquidity position remained strong at US$3 billion, representing 11% of total assets and achieving a Liquidity Coverage ratio of 310%
09/13/2023
The Nigerian Union of Pensioners (NUP) has said pensioners are the most affected by the inflation, following the removal of fuel subsidy in the country
09/11/2023
When someone can get five or six percent in the US then it becomes more challenging to convince them of a similar yield on an African asset.
09/08/2023
Alinafe Chikudzu unpacked that Trade Hub connects traders across Africa, within the 1.4 billion people single market framework of the African Continental Free Trade Area (AfCFTA).
09/07/2023
SanlamAllianz’s ambition is to be among the top three players, in both market share and profitability, in the markets where the company will operate.
09/07/2023
Economists at Absa said that GDP in the first half of the year was stronger than expected but stressed that South Africa’s economy is still incredibly vulnerable to load shedding.
09/07/2023
Although the index recovered in Q3 2023, the reading of -16 is still well below the long-running average of -16
09/06/2023
“Job creation accelerated and purchasing activity picked up, whilst firms grew more confident about their output prospects.”
09/06/2023
The recovery in output allowed businesses to hire more staff and purchase more, despite the strong increases in salaries and material prices.
09/05/2023
NSE said the new index will be based on market capitalisation float-adjusted methodology, with the constituent companies’ list being reviewed semi-annually.
09/05/2023
The funding will go towards transport infrastructure projects, and supply chains to help tackle food insecurity and climate-related issues in Africa and South Asia.
09/05/2023
Reduce non-essential travel unless funded by non-government resources.
09/04/2023
He added that the Cape Winelands region and Plettenberg Bay and Knysna on the garden route are also seeing robust demand for luxury properties.
09/04/2023
Including transaction charges, the investors’ cost per share settles at about Sh9.
09/01/2023
Although the SARB has remained wary over inflation, the drop in PPI should mean that consumer prices will continue to ease – albeit from a high base.
09/01/2023
The fund is available to all clients via the mobile app
08/31/2023
Headline inflation is now at 4.6% in July, down from 5.4% in June.