Botswana has set sights on the exploitation of both untapped copper and coal deposits to improve its income from the mining sector which has in the past be steered by diamond production. Read more.
Tags : commodities
The price of food in Seychelles has risen 19 %, while non-food commodities are up 10.5% in the mid-year review figures recently released by National Bureau of Statistics compared the same period a year ago. Read more.
At 5pm rand was 0.51 percent firmer at R13.72 to the dollar, taking the monthly gain so far to 5.3 percent. Read more.
Elevated prices for the staple food maize are putting pressure on cash-strapped South African consumers still reeling from the coronavirus pandemic and fanning food price inflation. Read more.
Angola experienced unfavourable weather conditions in 2020/21 rainfall season, due to what is said to be the worst drought in 30 years, despite the beneficial rainfall that poured at the beginning of the season in October and November 2020 last year. Read more.
Friday’s trading capped off a roller-coaster week for the rand, after having dropped below the R14.0/$ threshold earlier in the week before teetering on R14.2/$, following the US inflation print. Read more.
Global prices for raw materials are soaring thanks to a boom in demand due to the recovery from the Covid-19 downturn. Read more.
The World Bank has revised up 0,2% real GDP growth for sub Saharan Africa with expectations for an estimated 2,3% in 2021 and 3,1% in 2022 as higher commodity prices expected to rise due to an uptick in global demand for commodities. Read more.
Yesterday saw an easing of stocks after reaching an all time high with the JSE All Share Index (ALSI) breaking through the 69 000 point mark for the first time. Read more.
Gold has held its position as a safe-haven asset for an exceptionally long time, especially when considering that markets have seen substantial highs and lows during the year.
A commodity may be simply defined as something useful or valuable that can subsequently be bought or sold.
