Rand weakens despite interest rate hikes
July 28, 2015--The hope that higher interest rates will lure foreign bond investors may be based on flawed thinking,
says Overberg Asset Management in its weekly overview of the SA economic landscape.
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Source: Fin24
Gold index fillip fails to lift JSE
July 27, 2015--A sharp rise in the Gold index could not pull the rest of the JSE higher and analysts say the
downward trend in gold stocks may not be over.
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Source: FIN24
Rand recovers, Fed meeting in focus
July 27, 2015--The rand has recovered steep recent losses as the dollar
slipped, giving emerging currencies a reprieve as a recent commodity rout.
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Source: FIN24
Selling pressure returns to JSE
July 24, 2015--Selling pressure has returned to the JSE with all the major
indices lower, following the previous session's technical rebound.
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Source: FIN24
Rand falls to 14-year lows in sell-off
July 24, 2015--The rand has fallen to a 14-year low against the dollar, taking
the brunt of a sell-off in commodity currencies triggered by concerns about a slowdown in China.
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Source: FIN24
Vetiva plans to list 3 ETFs
July 23, 2015--FOLLOWING the final approval from the Securities and Exchange Commission(SEC), Vetiva Fund Managers Limited is to list three Exchange Traded Funds(ETFs) anchored on the NSE Banking Index, NSE Consumer Goods Index and NSE Industrial Index.
A statement from the company lists the three ETFs as Vetiva Banking Exchange Traded Fund (VB ETF), Vetiva Consumer Goods Exchange Traded Fund (VCG ETF) and the Vetiva Industrials Exchange Traded Fund (VI ET).
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Source: The SUN
Robust trade in Vodacom buoys JSE
July 23, 2015-Vodacom has been in the spotlight on the JSE, after its first-
quarter revenue rose on data sales from international operations.
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Source: FIN24
Rand weaker despite repo rate hike
July 23, 2015--The rand has given up brief gains to trade weaker against the
dollar despite the Sarb lifting interest rates.
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Source: FIN24
Rand weaker despite repo rate hike
July 23, 2015--The rand has given up brief gains to trade weaker against the
dollar despite the Sarb lifting interest rates.
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Source: FIN24
Nigeria: Stock Market Investors Lose N1.032 Trillion in Two Months
July 22, 2015--Nearly two months after President Muhammadu Buhari took over the administration of Nigeria, investors in the nation's stock market have lost over N1.032 trillion.
Stakeholders have attributed the development to slow pace of governance, lack of policy direction, high political risk, feud in the federal legislature, no ministerial appointment, amongst others.
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Source:allAficanews.com