Today, we update our Emerging Money Frontier Index (EMFI) for investors on the site.
The South African ZAR breaks to 4yr lows as banking sector under pressure and threat of rate cuts comes as inflation plummets for this commodity dependent economy.
Coca Cola – Hellenic Bottling Company (HBC) acknowledge some issues/risk doing business in emerging markets in a statement to investors. Specifically Coca Cola indicated the risk in doing business in Russia is now at the same level of risk as in Nigeria.
The Gold price and the share prices of gold miners have been under heavy pressure, with miners in a deep, deep funk. Let’s discuss.
The South African rand is now at 45-month lows with a hard sharp move in ZAR in the last hour, which is now -1.25%. Local bonds are being sold off hard.
The hottest sector for three years in South Africa — retail — has been taken out and beaten in 2013. Beaten hard! We highlight this because it is worth doing some work and making a call as the market has had a large move.