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Nigeria Economic Update: Connecting to Compete
May 2, 2018--According to the World Bank Nigeria Bi-annual Economic Update released today, Nigeria emerged from recession in 2017.
Titled Connecting to Compete, the report says that Nigeria's GDP growth reached 0.8 percent, driven by an expansion in oil output and continued steady growth in agriculture.
The decline in the non-oil, non-agriculture sector however continued, as aggregate demand remained weak and private sector credit low. The rates of unemployment and underemployment increased in 2017 and poverty is estimated to have increased slightly. GDP growth in 2018 is expected to hover just over 2 percent, largely oil sector-driven.
view the World Bank-Nigeria biannual economic update : connecting to compete report
Source: World Bank
JSE ends firmer after choppy trading session
May 2, 2018--The JSE closed firmer after a relatively flat trading session in which the local bourse struggled for direction.
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Source: FIN24
Rand falls to 4-month low against dollar
May 1, 2018--As South Africans celebrated Workers' Day, the rand fell to its lower level yet in the Cyril Ramaphosa Presidency.
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Source: FIN24
Zimbabwe: Why Legalising Marijuana Matters for Zimbabwe
May 1, 2018--Zimbabwe has legalised the growth of mbanje for medicinal and scientific research, making it one of only three countries in Africa to do so.
Only Malawi and Lesotho have pipped Zimbabwe to the post. Hopefully, these are only the first, tentative steps in a continent-wide trend, but time will tell.
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Source: allAfrica.com
Firm close for the JSE as US futures provide direction
April 30, 2018--The JSE closed firmer in relatively muted trade ahead of the public holiday, as the boost in US equity futures gave the local bourse some direction.
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Source: FIN24
Rand claws back some lost ground at start of new week
April 30, 2018--The rand, which traded as low as R12.52 to the dollar last week, clawed back some of its lost ground at the start of the new week.
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Source: FIN24
JSE quick out of starting blocks as equity markets end the week firmer
April 26, 2018--This has been quite a week on the JSE, with Steinhoff still making headlines for all the wrong reasons and disappointing news out of Consol, but Mr Price indicating it has had a good six months.
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Source: FIN24
Rand may have 'run a little hard' in falling below R12.50/$-analyst
April 26, 2018--What direction the rand will take next appears to be fairly murky, with analysts saying that US bond yields, important economic data out of Europe and a strong dollar could impact its course.
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Source: FIN24
JSE slips in line with Asian Pacific peers
April 26, 2018--The JSE opened the day weaker, moving in line with its Asian Pacific counterparts, but was mainly covered in red with some rand hedges provided a glimmer of hope.
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Source: FIN24
Rand tests R12.50/$ as local strikes, US yields weigh
April 25, 2018--The rand briefly breached R12.50 to the dollar as the local currency came under pressure from rising US bond yields and local protest action.
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Source: FIN24
