| Africa ETP News |
| Sustaining Growth amid Global Uncertainty-Regional Economic Outlook: Sub-Saharan Africa region | |||
| May 14, 2012--Sub-Saharan Africa continues to record strong economic growth, despite the weaker global economic environment. Regional output rose by 5 percent in 2011, with growth set to increase slightly in 2012, helped by still-strong commodity prices, new resource exploitation, and the improved domestic conditions that have underpinned several years of solid trend growth in the region's low-income countries. | |||
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| Rand weakness limits JSE losses | |||
| May 11, 2012-- The JSE was off the session's lows at noon on Friday, with the weaker rand keeping losses on the local exchange in check, against global negative investor sentiment. | |||
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| JSE ends 5-day losing streak | |||
| May 10, 2012--The JSE ended firmer on Thursday, snapping a five-day losing streak, as investors picked up beaten down shares following the recent selloff on euro area jitters. | |||
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| Rand stronger on dollar sale | |||
| May 10, 2012--The rand was stronger in afternoon trade on Thursday after a big order to take profit on dollars, according to a dealer. However, continuing European jitters are expected to keep the rand in a weaker band. | |||
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| JSE stays weaker at noon | |||
| MAy 9, 2012--The JSE was decidedly weaker at noon on Wednesday after a slightly positive start, with political tension in Greece still the central focus of investor attention. | |||
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| Volatile rand breaches R8/$ | |||
| May 9, 2012--The rand weakened by over 10 cents on Wednesday afternoon as European political turmoil continued to upset emerging market sentiment. | |||
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| JSE extends losses on risk aversion | |||
| May 8, 2012--The JSE extended losses at noon on Tuesday, tracking the weaker trend on world stock markets, with political uncertainty in Greece still the main catalyst for market selloffs, in the absence of fresh market moving data. | |||
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| Rand retreats to three-week low | |||
| May 8, 2012--South Africa's rand hit its worst level in three-weeks on Tuesday, declining with investors' appetite to take up risk while Europe looks politically unstable. Soft domestic jobs numbers added to the beating as they pointed to an uncertain economic recovery. | |||
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| JSE still down, but off session lows | |||
| May 7, 2012--The JSE was off its worst level at noon on Monday, boosted by bargain hunting in gold shares and as Dow futures pared its losses. | |||
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| Rand stuck in ranges, tracks euro | |||
| May 7, 2012--The rand was stuck in ranges, tracking the euro, which stabilised in Monday afternoon trade. | |||
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| Bonds weaken as investors dump risk assets | |||
| May 7, 2012--South African government bonds weakened on Monday as political uncertainty over Europe's austerity measures weighed on appetite for riskier assets around the globe. | |||
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| US jobs report knocks JSE | |||
| May 4, 2012-- The JSE ended lower on Friday, dragged down mainly by the selloff in the resources space amid global growth concerns following the worst-than-expected US jobs report for April. | |||
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| Bonds softer ahead of US data | |||
| May 4, 2012--Bonds were a smidgen softer in thin noon trade on Friday as markets await key US jobs data later in the day. | |||
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| Rand range bound, awaits US job report | |||
| May 4, 2012--The rand was range bound in midday trade on Friday, with investors in the forex markets not keen to take new positions ahead of the US jobs report later in the session. | |||
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| JSE dips, awaits US job data | |||
| May 3, 2012--Africa's largest producer, AngloGold Ashanti and third-placed Gold Fields shed 2% each to R258.06 and R97.62 respectively, hit by a decline in the price of gold. | |||
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| Bonds firm, offshore buying continues | |||
| May 3, 2012--South African bonds were firm in midday play on Thursday, as foreign buying buoyed the market. | |||
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| Rand slightly stronger on ECB rate hold | |||
| May 3, 2012--After a slightly weak start, the rand was stronger in afternoon trade on Thursday as it tracked a strengthened euro following the European Central Bank's (ECB) announcement that interest rates would remain unchanged. | |||
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| Bonds tad firmer after auction | |||
| May 2, 2012--With some exceptions, bonds were a smidgen firmer in noon trade on Wednesday, having received some support from the weekly government auction which cleared better than expected. | |||
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| JSE All-share hits all-time high | |||
| May 2, 2012--The JSE reached a new record level during trade on Wednesday, lifted by resources following the release of Chinese manufacturing data which, an analyst said, restored confidence in commodity trade. | |||
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| Rand tracks euro, remains range-bound | |||
| May 2, 2012--The rand remained traded in ranges during Wednesday afternoon as it tracked the euro, while the release of the SA Purchasing Managers' Index (PMI) had little effect on the local currency. | |||
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| Survey: More investment in Africa | |||
| May 2, 2012--Growing confidence in African economies has more than doubled foreign direct investment into the continent over the last decade, said a survey released Thursday. | |||
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| JSE off session highs at noon | |||
| April 30, 2012--The JSE was off session highs in midday trade on Monday, but strong buying interest in the resources sector kept the local bourse in the black. | |||
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| Rand stuck in ranges ahead of holiday | |||
| April 30, 2012--The rand was stuck in ranges in Monday afternoon trade despite SA's trade deficit of R5.5 billion for its trade with non-Southern African Customs Union trading partners in March. | |||
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| Nigerian Stock Exchange to roll out top-speed NASDAQ OMX trading platform | |||
| April 27, 2012--The Nigerian Stock Exchange says it will have the fastest trading system in Africa when it upgrades its trading to NASDAQ OMX Group's X-Stream platform, with a target date of second quarter of 2013. | |||
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| JSE firm, buoyed by gold stocks | |||
| April 26, 2012--The JSE ended the day and week on a firmer footing on Thursday, buoyed mainly by gold stocks, amid positive global investor sentiment. | |||
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| Bonds firmer on short-covering | |||
| April 26, 2012--Bonds were a few basis points firmer in midday trade on Thursday which traders attributed mainly to some short-covering and residual buying by local investors. | |||
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| Rand steady as it enjoys a respite | |||
| April 26, 2012--The rand remained range bound in noon trade on Thursday, taking a breather after posting some gains over the past few days on the back of a general rise in global risk appetite. | |||
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| Africa ready to embrace a low-carbon future | |||
| Carbon reduction can be combined with development and rising incomes
April 26, 2012--With a record number of 1,200 registered participants, this year's Africa Carbon Forum (ACF) demonstrated that Africa represents a golden opportunity for a green future. | |||
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| JSE boosted by resources rebound | |||
| April 25, 2012--South African stocks edged up on Wednesday in thin trade, with resource firms including platinum producer Lonmin leading the charge on expectations that demand may pick up in China. | |||
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| Rand stuck in range after UK data | |||
| April 25, 2012--The rand was stuck in ranges in Wednesday afternoon trade after the release of UK GDP data that indicated that the country had fallen into recession, a trader said. | |||
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| Brics to launch development bank in 2013 | |||
| April 25, 2012--A joint development bank planned by the Brics group of major emerging economies will be officially launched in South Africa early next year, Foreign Minister Maite Nkoana-Mashabane said on Wednesday. | |||
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| BaDEx getting ready to launch as Zambia's second securities exchange | |||
| April 24, 2012--A new securities exchange in Lusaka (Zambia) is installing tried-and-tested bond and derivative trading software and says it will be ready to launch operations next month, May 2012. | |||
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| SA stocks up as Richemont glitters | |||
| April 24, 2012--South African stocks edged up 0.5 percent on Tuesday, as shares of luxury good firm Richemont rose on strong watch Swiss watch exports, although gains were limited by declines in some recent gainers such as British American Tobacco. | |||
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| Rand touches 3-week highs, bonds edge up | |||
| April 24, 2012--The rand touched its highest in almost three weeks against the dollar on Tuesday and was among the strongest-performing emerging currencies but government bonds edged up only slightly as some of the recent buoyant demand for local debt tapered off. | |||
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| Sarb index shows economy on growth course | |||
| April 24, 2012--The South African Reserve Bank's monthly economic sentiment indicator continued a gradual trend higher in February, with the leading business cycle indicator at 134.4 points from 132.9 in January. | |||
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| JSE ends weaker on risk aversion | |||
| April 23, 2012--The JSE ended sharply lower on Monday as weak economic data and political uncertainty in the eurozone weighed heavily on global investor sentiment. | |||
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| Bonds lose ground as rand weakens | |||
| April 23, 2012--South African bonds were up to 6 basis points weaker in midday play on Monday, mainly on the back of the weaker rand. | |||
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| Rand off worst levels despite Dutch rumour | |||
| April 23, 2012--The rand came off its worst levels in afternoon trade on Monday despite the expected resignation of the Dutch prime minister Mark Rutte after his right-wing parliamentary partner walked out of austerity talks. | |||
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| JSE higher, led by Aspen drug deal | |||
| April 20, 2012--South African stocks rose for a fourth day on Friday as generic drug maker Aspen Pharmacare hit an all-time high after announcing a $263m deal with Britain's GlaxoSmithKline. | |||
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| Bonds sashay into stronger territory | |||
| April 20, 2012--South African bonds were firmer in midday play on Friday, as the stronger rand provided direction and foreign buying boosted the market. | |||
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| JSE up on solid US earnings | |||
| April 19, 2012--The JSE closed marginally higher on Thursday following positive earnings reports out of the US. | |||
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| Rand touch firmer after Spanish auction | |||
| April 19, 2012--The rand was firmer against the dollar in quiet midday trade on Thursday. | |||
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| Bonds quiet as market 'takes stock' | |||
| April 19, 2012--The benchmark R157s were flat in midday trade on Thursday, while other major bonds were untraded. | |||
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| Upbeat growth forecasts lift JSE | |||
| April 18, 2012--The JSE ended in the black on Wednesday on the back of what a local trader said was improved sentiment following an upgrading of global growth forecasts by the International Monetary Fund (IMF) and some buying returning to the markets. | |||
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| Rand ends softer on Spanish woes | |||
| April 18, 2012--The rand ended softer on Wednesday as news that the Spanish bank bad loan ratio hit its highest level since 1994 pressured the euro. | |||
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| Africa Poised for Faster Growth In Spite of Volatile Global Economy-New World Bank Report | |||
| But region remains vulnerable with drought in the Sahel and fuel subsidies that consume 1.4 percent of GDP and mostly benefit the rich April 18, 2012--Economic growth in Sub-Saharan Africa remains strong and is poised for lift-off after growing at 4.9 percent in 2011, just shy of the pre-crisis average of 5 percent. | |||
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| Miners weigh on flat JSE | |||
| April 17, 2012--The JSE was fairly flat at midday on Tuesday despite firmer global bourses, as miners weighed on the overall market. There was also little corporate news to give the market any direction. | |||
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| Rand firms on international news | |||
| April 17, 2012--The rand moved sharply firmer on Tuesday after the German ZEW investor sentiment index came in better than expected, as well as news that Citigroup may include SA government bonds in its World Government Bond Index (WGBI) in October. | |||
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