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Africa to get new trade bloc in December
November 19, 2014--Three African economic blocs will merge into a new 27-nation free-trade zone under an agreement to be signed in Cairo next month, uniting markets worth 58% of the continent's economic activity, Egypt's industry and trade minister said.
The deal will combine the Common Market for Eastern and Southern Africa (COMESA), the South African Development Community (SADC), and the East African Community (EAC).
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Source: FIN24
Nigeria: NSE Index Drops 2.16 Per Cent
November 19, 2014--The business slide which was experienced on the floor of The Nigerian Stock Exchange (NSE) on Tuesday continued on Wednesday when both indicators closed in the red by 2.16 percent each.
Market Capitalisation closed lower at N11.313 trillion after it depreciated by N250. 758 billion as against N11.564 trillion recorded on Tuesday, while the All Share Index went down by 756.80 basis points to close at 34,145.79 points from 34,903.59 points recorded on Tuesday.
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Source: allAfrica.com
JSE edges lower, PPC fails to impress
November 18, 2014--South African stocks have fallen as cement maker PPC slid the most in more than a year after it
reported flat full-year profit and cut its dividend.
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Source: FIN24
Rand climbs to 2-week high vs dollar
November 18, 2014--The rand has strengthened 1% against the dollar as woes in Japan's economy fuelled demand
for higher-yielding currencies in emerging markets.
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Source: FIN24
Resources and gold rally on JSE
November 17, 2014--Investors on the JSE are playing the sector rotation game, seeking profit-taking and
bargain-hunting opportunities while resources and gold stocks recovered.
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Source: FIN24
Rand steady ahead of rates decision
November 17, 2014--The rand has been largely flat against the dollar, with traders expecting it to take its cue
mainly from global market trends ahead of an interest rate decision.
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Source: FIN24
JSE flat as Naspers surge offsets mining slump
November 14, 2014--South African stocks have ended flat as a 9% surge in Naspers was offset by a sell-off in mining companies,
which were hit by tumbling metal prices.
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Source: FIN24
Rand ends week firmer
November 14, 2014--The rand has gained nearly 0.6% to 11.1445/$ as importers
took advantage of the current levels.
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Source: FIN24
JSE gains but platinum producers sink
November 13, 2014--South African stocks have advanced modestly but gains were capped by platinum producers,
which sank as the precious metal's spot price approached five-year lows.
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Source: FIN24
Rand firmer as mining output surprises
November 13, 2014--The rand has edged slightly firmer against the dollar after a surprise expansion in mining
output provided a rare piece of good news.
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Source: FIN24
