SA stocks up as results, Greece cheer-continued

March 8, 2012--South African shares staged their second straight day of gains on Thursday led by Aspen Pharmacare, as robust local results and brighter news on the Greek front cheered investors.
All eyes on Friday will be on US employment data and the next twist in the Greek saga, with investors taking heart from signs that Greece would complete a much-needed private debt swap to avoid a messy default.

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Source: FIN24

AFRICA ETP News
Rand strengthens as markets keep close eye on Steinhoff
December 11, 2017--The rand strengthened by 1.02% to trade at R13.58 to the dollar, with five days to go before the start of the ANC elective conference.
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JSE powers ahead despite Steinhoff, EOH rout
December 7, 2017--A strong run by mining counters has cushioned the fallout from Steinhoff International and EOH which lost 43.21% and 34.67% respectively.
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Taxes, Debt and Development: A One-Percent Rule to Raise Revenues in Africa
December 5, 2017--Tax revenues play a critical role for countries to create room in their budgets to increase spending on social services like health and education, and public investment.
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JSE falls to five-week low
December 5, 2017--The local bourse fell to a five-week low on Tuesday with industrial heavyweights dragging down the index.
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Rand runs on Ramaphosa lead
December 5, 2017--The rand has rallied, strengthening to below R13.50 to the US dollar as the race for the ANC president enters the final stages.
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Rand firms and JSE up, but Steinhoff under pressure
December 4, 2017--The JSE All-Share index gained 0.27% and the blue-chip Top40 rose 0.36% on a good day for the rand and SA markets, but Steinhoff International fell 10% as an on-going criminal and tax investigation in Germany took a bite out of its share price.
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Naspers drags down JSE industrials as Tencent falters
December 1, 2017---The big global sell-off in technology shares has also hampered the JSE, as investors are concerned that the sector's recent strong rally has been overdone.
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JSE closes down as rand strengthens
November 30, 2017--The JSE closed weaker on Thursday, dragged down by large cap stocks in the resources and industrial sector which were affected by a firmer rand.
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PWC-Africa Asset Management 2020
November 30, 2017--Africa presents an exciting opportunity: As wealth continues to increase, more domestic investors emerge, while improvements in regulatory frameworks are enticing foreign investment and distribution.
Africa currently represents 15% of the world's population, but just 3% of the world's GDP and less than 1% of the world's stock market capitalisation.
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How big are African pension funds?
November 30, 2017--Here are selected findings from a recent hunt through the Internet:
According to a recent report by PricewaterhouseCoopers, "Africa Asset Management 2020" total assets under management in 12 selected Africa countries were $293 billion in 2008, more than doubling to $634bn by 2014.
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SA's ETF listing boom set to continue
November 30, 2017--Expect a number of new international offerings.
This year has seen significant activity in the South African exchange-traded fund (ETF) market.
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Stronger world markets boost JSE
November 29, 2017--The JSE traded firmer on Wednesday with most sectors in the green as US markets soared to record highs after the Senate Budget Committee approved Trump's tax bill.
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JSE remains under pressure as rand strengthens
November 28, 2017--While the strengthening rand supported banking stocks, it also hurt offshore-based industrial stocks.
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JSE shows little movement as market battles to find direction
November 27, 2017--The JSE has struggled to find direction, with major indices moving moderately in morning trade.
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Stronger rand defies ratings cut
November 27, 2017--The rand closed firmer against the expectations of the market following S&P Global Rating's decision on Friday to downgrade South Africa's rand-denominated debt to junk status.
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Zimbabwe: Bitcoin Price Hits U.S.$16,500
November 27, 2017--The price of bitcoin in Zimbabwe as quoted at the local exchange, Golix, rose 13,79 percent on Monday to trade at $16,500, about 65 percent above the global price.
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JSE flat as markets await rating decisions
November 24, 2017--The JSE closed flat on Thursday as markets wait to see what happens with the sovereign ratings decisions from Moody's and S&P.
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Rand traders brace for big swings as risks stack up
November 24, 2017--The rand's roller-coaster ride isn't over yet-but traders appear uncertain about whether it's heading up or down.
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S&P Global downgrades SA to junk, Moody's places SA on downgrade review
November 24, 2017-- Global ratings agency S&P Global Ratings on Friday evening downgraded South Africa's long-term local currency rating to 'BB+', or junk, from 'BBB-' with a stable outlook, while Moody's has placed the country on review to be downgraded.
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Mnangagwa sworn in as Zimbabwe's president
November 24, 2017--Mugabe's old ally promises democratic rebirth but faces stern economic challenge.
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Nigeria: Rising Investors' Confidence Lifts External Reserves to $34.9bn
November 22, 2017--The Central Bank of Nigeria (CBN) yesterday said that the nation's external reserves have risen to $34.9 billion, the highest in 30 months, driven by increased investor confidence in the Nigerian economy.
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Zimbabwe: As Mugabe Falls, Change is in The Air, But so is Uncertainty
November 22, 2017--Despite the celebrations that followed the resignation of Zimbabwe's former president Robert Mugabe on Tuesday, there is still uncertainty among Zimbabweans about the country's future under ruling party Zanu-PF.
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JSE takes breather as rand firms on peaceful Mugabe exit
November 22, 2017--The JSE has taken a breather from its record-breaking run as the rand strengthened considerably after the peaceful political transition in neighbouring Zimbabwe.
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Nigerian Stock Exchange Index Gains 0.24 Percent As Market Opens On Bullish Note
November 21, 2017--The Nigerian equities market opened for the week on a bullish note as investors reacted to the positive Gross Domestic Product (GDP) growth rate in the third quarter (Q3) 2017.
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The Case for Sustaining State Fiscal Reforms: Nigeria Economic Update
November 21, 2017--Nigeria's GDP expanded by 1.4 percent in the third quarter of 2017 (year-on-year), the second quarter of growth after the recession of 2016, reflecting recovery in oil production, good performance in agriculture, and stronger non-oil industry growth due to the easing of foreign exchange constraints.
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JSE powers to new all-time highs on Naspers push
November 21, 2017--Naspers' surge to a new all-time high of R4 142.99 per share has propelled the JSE to new record highs.
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Foreign selling of Saudi stocks slows in latest week-exchange
November 20, 2017--Immediately after the purge was announced, foreign investors were heavy net sellers of Saudi stocks.
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JSE up as Naspers touches R4 000 a share
November 20, 2017--The JSE opened the week firmer on Monday, lifted mostly by index heavyweight Naspers and rand hedge stocks.
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Rand braces for punch as SA downgrade no longer 'if' but 'when'
November 20, 2017--A local currency downgrade on Friday would push the dollar/rand exchange rate up by between 30c and 50c in a rapid spike, according to a currency economist.
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Alternative-exchange listings are booming
November 20, 2017--The three alternative stock exchanges could see their total listings double from the current 10 to almost 20 by the close of 2018.
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JSE ends week on a high
November 17, 2017--The rand also gained enough momentum to break below the R14/$ level to an intra-day high of R13.95 against the US dollar, but retreated it later trade.
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Zim stock exchange loses further ground amid anxiety and hope
November 17, 2017--The ZSE has lost further ground as investors speculate that bank balances, which have been losing value against real US dollars, could strengthen in the wake of a potential new political dispensation.
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JSE rebounds after two days of losses
November 16, 2017--The JSE closed firmer on Thursday after two consecutive days of losses.
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Stronger rand bad news for most major JSE indices
November 15, 2017--South Africa is already paying a price for the current political uncertainty in the form of sharply higher bond yields. These yields supported the rand, but the stronger rand was bad news for the JSE.
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JSE and FTSE Russell extend partnership to Fixed Income Indices
November 15, 2017--The Johannesburg Stock Exchange (JSE) and FTSE Russell will extend its existing equity index partnership to also provide a range of co-branded fixed income indices.
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JSE follows global markets down for second day
November 15, 2017--All indices closed the day down, expect for Industrials which inched by 0.1%
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JSE falls in line with global markets
November 14, 2017--The major indices on the JSE ticked lower on Tuesday, in line with global equity markets
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Rand goes from best to worst carry--trade in 2017
November 14, 2017--The fortunes of the rand have swung so much that it's gone from being the best carry-trade to the worst this year.
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Weak rand lifts JSE
November 13, 2017--Major indices on the JSE all ticked higher on Monday, as a softer rand enabled the local bourse outperform global equity markets.
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Rand breaches R14.50/$ amid move on Treasury for Zuma's free fees plan
November 13, 2017--The rand has breached R14.50/$ as news filtered through of President Jacob Zuma's seemingly imminent plan to push through free higher education.
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Nigeria: Lagos Targets Third Largest Economy By 2020, Africa's Mega City in 2025
November 13, 2017--With a target to become Africa's third largest economy by 2020 and Africa's model mega city in 2025, the Lagos State government has reiterated its commitment to sustain the existing partnership with the private sector.
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