Commercial property boom in South Africa
Commercial property in South Africa is rebounding strongly, offering high yields, longer leases, and low vacancies, but experts caution that successful investing involves weighing a number of factors.
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*Ethiopian Airlines expected to release its 2045/25 financial year performance results.
GLOBAL MARKETS
Shares in Asia rose for a second consecutive session and the U.S. dollar held most of its losses on Tuesday as investors increased bets the Federal Reserve will act to prop up the world's largest economy.
WORLD OIL PRICES
Oil prices were little changed on Tuesday after three days of declines on mounting oversupply concerns after OPEC+ agreed to another large output increase in September, though the potential for more Russian supply disruptions supported the market.
SOUTH AFRICA MARKETS
South Africa's commodity-backed currency edged up on Monday, helped by higher gold prices, as investors digested last week's unexpectedly weak U.S. jobs data and expected tariff updates ahead of the United States' August 8 deadline.
NIGERIA OIL
Nigeria's oil production surpassed 1.8 million barrels per day (bpd) last month, with current average output at 1.78 million bpd, the head of the country's upstream regulator said on Monday.
IVORY COAST COCOA
Cocoa arrivals at ports in top producer Ivory Coast had reached 1.632 million metric tons by August 3 since the start of the season on October 1, down 2% from the same period last season, exporters estimated on Monday.
GHANA COCOA
Ghana, the world's second-biggest cocoa producer, raised the fixed farmgate price paid to cocoa farmers on Monday by more than 4% for the 2025/26 crop season that starts on August 7.
