Events that moved the market Q1 2018
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8 Jan 2018
Source: AFP
New highs for US stocks
The S&P 500 and Nasdaq end at record highs for the fifth straight day.
-
15 Jan 2018
Source: Bloomberg News
Yuan at 2-year high
The yuan climbs to its strongest level since December 2015 after the People’s Bank of China raises the daily reference rate the most in three months.
-
15 Jan 2018
Source: Reuters
Euro at 3-year high
The euro hits a three-year high to the dollar as economic and investor optimism in the euro zone grows and quantitative tightening is expected soon.
-
17 Jan 2018
Source: Bloomberg
Bitcoin bubble bursting?
Bitcoin tumbles below $10 000, a 50% drop from its record-high a month ago.
-
22 Jan 2018
Source: CNN Money
Trump launches trade war
The US announces a 30 and more on residential washing machines.
-
24 Jan 2018
Source: Bloomberg News
UK jobs on the rise
The number of people employed in the United Kingdom rises by 102 000 to a record high.
-
30 Jan 2018
Source: Viceroy
Viceroy report on Capitec
Viceroy, the company that exposed Steinhoff, publishes a report calling Capitec a “wolf in sheep’s clothing” and requests for the bank to be placed into curatorship.
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2 Feb 2018
Source: AFP
Good jobs report trips markets
A strong US jobs report, showing the biggest increase in wages in nine years, stirs fears of a US interest rate hike and starts a global stock market sell-off.
-
13 Feb 2018
Source: CNN
ANC recalls Zuma
The NEC of the ANC announces that it has recalled Jacob Zuma as president of the country, setting a 48-hour deadline.
-
13 Feb 2018
Source: Statistics SA
SA unemployment down
The SA unemployment rate declines to 26.7 in the previous two quarters.
-
15 Feb 2018
Source: SABC
Ramaphosa takes the reins
Cyril Ramaphosa becomes the fifth democratic president of the Republic of South Africa.
-
16 Feb 2018
Source: Fin24
Trump gets tough on steel imports
The US Commerce Department recommends steep tariffs on foreign steel and aluminium ‘in the name of national security’.
-
21 Feb 2018
Source: National Treasury
First VAT hike in 21 years
Minister Gigaba announces an increase in VAT to 15%. Treasury also re-affirms its intent to stabilise South Africa’s debt ratio.
-
22 Feb 2018
Source: Bloomberg News
Stocks slide on Fed minutes
Global stocks stumble in the wake of Fed minutes painting a healthy picture of the world’s biggest economy, raising the prospect of tighter monetary policy.
-
26 Feb 2018
Source: eNCA
Nene back at the helm
Nhlanhla Nene’s position as Minister of Finance is restored by President Ramaphosa.
-
27 Feb 2018
Source: Reuters
Powell shakes up markets
The dollar strengthens after newly appointed Fed Chair Jerome Powell comments that the central bank would stick to gradual rate hikes.
-
6 Mar 2018
Source: Statistics SA
SA grows at 1.3%
The SA economy grows by 1.3% in 2017, partly driven by agriculture bouncing back from one of the worst droughts in recent history.
-
9 Mar 2018
Source: Reuters
Listeriosis linked to Tiger Brands
Tiger Brands appoints an expert team to identify the causes of a listeria outbreak that has killed more than 180 people and has been traced to one of its factories.
-
14 Mar 2018
Source: RMB/BER business confidence index
SA business confidence up
SA Business confidence climbs to the highest level since the start of 2015.
-
20 Mar 2018
Source: Statistics SA
SA CPI drops further
SA year-on-year headline consumer inflation is 4.0 in January.
-
21 Mar 2018
Source: CNBC
Fed raises interest rates
The Fed raises rates for the sixth time since starting off at near-zero in December 2015. The new benchmark target has moved to 1.5.
-
22 Mar 2018
Source: Reuters
Naspers sells stake in Tencent
Naspers announces that it plans to sell up to 2% of Tencent via an accelerated bookbuild to raise money to fund growth in its e-commerce unit.
-
23 Mar 2018
Source: Eyewitness News
Moody's gives SA a chance
Moody’s keeps South Africa’s credit rating at Baa3, one notch above junk status and upgrades the outlook of the economy to stable.
-
27 Mar 2018
Source: fin24
S&P sees more growth for SA
S&P raises SA’s GDP growth forecast for 2018 from 1 - still not enough to address SA's high unemployment rate.
-
28 Mar 2018
Source: SA Reserve Bank
Rate cut for SA
The monetary policy committee of the SA Reserve Bank cuts interest rates by 0.25 and the prime lending rate 10%.
-
8 Jan 2018
Source: AFP
New highs for US stocks
The S&P 500 and Nasdaq end at record highs for the fifth straight day.
-
15 Jan 2018
Source: Bloomberg News
Yuan at 2-year high
The yuan climbs to its strongest level since December 2015 after the People’s Bank of China raises the daily reference rate the most in three months.
-
15 Jan 2018
Source: Reuters
Euro at 3-year high
The euro hits a three-year high to the dollar as economic and investor optimism in the euro zone grows and quantitative tightening is expected soon.
-
17 Jan 2018
Source: Bloomberg
Bitcoin bubble bursting?
Bitcoin tumbles below $10 000, a 50% drop from its record-high a month ago.
-
22 Jan 2018
Source: CNN Money
Trump launches trade war
The US announces a 30 and more on residential washing machines.
-
24 Jan 2018
Source: Bloomberg News
UK jobs on the rise
The number of people employed in the United Kingdom rises by 102 000 to a record high.
-
30 Jan 2018
Source: Viceroy
Viceroy report on Capitec
Viceroy, the company that exposed Steinhoff, publishes a report calling Capitec a “wolf in sheep’s clothing” and requests for the bank to be placed into curatorship.
-
2 Feb 2018
Source: AFP
Good jobs report trips markets
A strong US jobs report, showing the biggest increase in wages in nine years, stirs fears of a US interest rate hike and starts a global stock market sell-off.
-
13 Feb 2018
Source: CNN
ANC recalls Zuma
The NEC of the ANC announces that it has recalled Jacob Zuma as president of the country, setting a 48-hour deadline.
-
13 Feb 2018
Source: Statistics SA
SA unemployment down
The SA unemployment rate declines to 26.7 in the previous two quarters.
-
15 Feb 2018
Source: SABC
Ramaphosa takes the reins
Cyril Ramaphosa becomes the fifth democratic president of the Republic of South Africa.
-
16 Feb 2018
Source: Fin24
Trump gets tough on steel imports
The US Commerce Department recommends steep tariffs on foreign steel and aluminium ‘in the name of national security’.
-
21 Feb 2018
Source: National Treasury
First VAT hike in 21 years
Minister Gigaba announces an increase in VAT to 15%. Treasury also re-affirms its intent to stabilise South Africa’s debt ratio.
-
26 Feb 2018
Source: eNCA
Nene back at the helm
Nhlanhla Nene’s position as Minister of Finance is restored by President Ramaphosa.
-
27 Feb 2018
Source: Reuters
Powell shakes up markets
The dollar strengthens after newly appointed Fed Chair Jerome Powell comments that the central bank would stick to gradual rate hikes.
-
6 Mar 2018
Source: Statistics SA
SA grows at 1.3%
The SA economy grows by 1.3% in 2017, partly driven by agriculture bouncing back from one of the worst droughts in recent history.
-
14 Mar 2018
Source: RMB/BER business confidence index
SA business confidence up
SA Business confidence climbs to the highest level since the start of 2015.
-
20 Mar 2018
Source: Statistics SA
SA CPI drops further
SA year-on-year headline consumer inflation is 4.0 in January.
-
21 Mar 2018
Source: CNBC
Fed raises interest rates
The Fed raises rates for the sixth time since starting off at near-zero in December 2015. The new benchmark target has moved to 1.5.
-
22 Mar 2018
Source: Reuters
Naspers sells stake in Tencent
Naspers announces that it plans to sell up to 2% of Tencent via an accelerated bookbuild to raise money to fund growth in its e-commerce unit.
-
23 Mar 2018
Source: Eyewitness News
Moody's gives SA a chance
Moody’s keeps South Africa’s credit rating at Baa3, one notch above junk status and upgrades the outlook of the economy to stable.
-
27 Mar 2018
Source: fin24
S&P sees more growth for SA
S&P raises SA’s GDP growth forecast for 2018 from 1 - still not enough to address SA's high unemployment rate.
-
28 Mar 2018
Source: SA Reserve Bank
Rate cut for SA
The monetary policy committee of the SA Reserve Bank cuts interest rates by 0.25 and the prime lending rate 10%.
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