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Rand recovers after Nene firing sparks sell-off
December 11, 2015--The rand has showed some signs of recovery after touching a record low, but markets remain on edge
after the shock sacking of Finance Minister Nhlanhla Nene.
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Source: FIN24
Rand weakens to near record after Nene axing
December 10, 2015--The rand has weakened, edging towards the record low hit in the previous session after
President Jacob Zuma removed Nhlanhla Nene as Finance Minister.
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Source: FIN24
Nigeria: Investors Lose N285 Billion in Two Days
December 10, 2015--Activities on the Nigerian Stock Exchange (NSE) sustained losses for two days following offloading of shares by both local and foreign investors.
Consequently, leading company shareholders yesterday lost about N285 billion or 2.9 per cent. The All-Share Index shed 528.53 basis points or 1.92 per cent to close at 27,004.50 basis points as against 27,533.03 recorded the previous day while market capitalisation of equities depreciated by N182 billion or 1.92 per cent to close lower at N9.284 trillion...
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Source: allAfrica.com
Africa's capital markets advance with pioneering launch of rhodium ETF on JSE
December 9, 2015--Standard Bank, one of Africa's largest banks by assets and earnings, has announced the launch of the continent's first exchange-traded fund to track movements in the US dollar spot price of rhodium.
The AfricaRhodium ETF, listed on the Johannesburg Stock Exchange, complements an existing suite of platinum group metal (PGM) ETFs which now offers local investors a more rounded exposure to the PGM industry, of which South Africa is a global leader.
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Source: etfstrategy.co.uk
JSE stages modest rally but Anglo plummets again
December 9, 2015--Anglo American has dived again but the rest of the market
has stabilised after the previous session's resources bloodbath left all major indices down.
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Source: FIN24
Rand recovers from record lows
December 9, 2015--The rand has gained, rallying after hitting a record low in the previous session on a wide current
account deficit and a commodities selloff.
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Source: FIN24
Widening current account deficit threatens rand
December 8, 2015--The current account deficit has widened sharply in the third quarter of this year, signalling
further pressure on the rand as markets brace for a US rate hike.
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Source: FIN24
Widening current account deficit threatens rand
December 8, 2015--The current account deficit has widened sharply in the third quarter of this year, signalling
further pressure on the rand as markets brace for a US rate hike.
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Source: FIN24
Nigeria: Looking Beyond Positive GDP Growth Rate
December 8, 2015--The National Bureau of Statistics (NBS) released its third quarter (Q3) 2015 Gross Domestic Product, (GDP) report recently,
which showed that in spite of the macroeconomic challenges faced during the period, the economy grew by 2.8 per cent year-on-year.
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Source: allAfrica.com
Rand holds its own despite rating downgrade
December 7, 2015--The rand has been a touch firmer against the dollar despite the credit rating downgrade from Fitch,
suggesting the market has largely priced in the move.
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Source: FIN24
