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Rand turns to global markets for direction
May 28, 2015--The rand has been flat against the dollar,
with traders and analysts expecting it to turn to global markets for direction after touching five-week lows.
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Source: FIN24
South Africa: GDP Growth Slows, Jobless Numbers Up
May 27, 2015--Gross domestic product (GDP) slowed to 1.3% in the first quarter of 2015, Statistics South Africa (Stats SA) said yesterday.
"The seasonally adjusted real GDP at market prices for the first quarter of 2015 increased by an annualised rate of 1.3%," said statistician-general Pali Lehohla. This was down from a 4.1% increase in the fourth quarter of 2014.
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Source: allAfrica.com
JSE indices down for seventh consecutive day
May 27, 2015--Nothing came of expectations that the JSE would bounce back, and by midday most of the major
indices were softer for the seventh consecutive day.
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Source: FIN24
Rand steady despite dollar rally
May 27, 2015--The rand has steadied in the face of a global dollar rally after
poor domestic data knocked it to two-week lows in the previous session.
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Source: FIN24
JSE indices drop on weak GDP growth
May 26, 2015--Disappointing GDP growth of only 1.3% has highlighted investors' growing concern about high valuations on the JSE which will not be supported
by economic activity.
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Source: FIN24
Rand buckles as weak data, strong dollar weigh
May 26, 2015--The rand has slipped to a two-week low, weighed down by poor
domestic data while the dollar stretched recent gains.
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Source: FIN24
South Africa: Five African Bitcoin Startups to Watch
May 26, 2015--Bitcoin is gaining traction worldwide, with the first quarter of 2015 seeing record levels of investment pumped into Bitcoin startups globally.
Africa is no exception to the trend, with startups springing up with innovative applications for Bitcoin in the African context-disrupting the remittance market, and making the cryptocurrency available over SMS. Disrupt Africa names the five startups leading the way with Bitcoin in Africa.
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Source: AllAfrica.com
JSE indices slip on Yellen remarks
May 25, 2015--The strongest indication yet that US interest rates will rise
this year has pushed the JSE lower, but the effect has been surprisingly limited.
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Source: FIN24
Rand weakens on US rate hike hopes
May 25, 2015--The rand has extended its losses against a surging dollar after the US Federal Reserve Chair Janet Yellen signalled the central bank was
poised to raise rates this year.
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Source: FIN24
Africa: making growth more inclusive hinges on unlocking potential of local economies
Continent should capitalise on youth, develop rural-urban trade corridors, says the African Economic Outlook 2015
May 25, 2015--With Africa's population set to triple by 2050, modernizing local economies will be vital to make the continent more competitive and to increase people's living standards, according to the African Economic Outlook 2015, released at the African Development
Bank Group's 50th Annual Meetings.
Surpassing most regions in spite of the global financial crisis, African economies will grow by 4.5 per
cent in 2015 and may reach 5 per cent in 2016, converging with Asia's current growth rates.
view the African Economic Outlook 2015
Source: African Development Bank Group
