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South Africa: Rand Breaks Through R15/U.S.$ for First Time Since December
March 30, 2016--The rand has broken the R15/$ ceiling on Wednesday after US fed chair Janet Yellen surprised on Tuesday night with dovish comments,
depreciating the dollar against most currencies.
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Source: AllAfricanews.com
JSE dips on resources profit-taking
March 29, 2016--The JSE has not followed European markets higher as investors are still busy with selective profit-taking in the resources sector after its recent rally.
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Source: FIN24
Nigeria: Stock-More Troubles As Foreign Investors Withdraw Investments
March 28, 2016--There is strong indication that foreign investors who used to transact larger percentage of activities in the Nigerian stock market have been withdrawing their investments from the market.
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Source: AllAfricanews.com
Rand softer in line with EM currencies
March 24, 2016--The rand has retreated against the dollar, mainly reflecting the greenback's gains spurred by expectations of higher US interest rates this year
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Source: FIN24
South Africa: Shocker As Inflation Breaches Reserve Bank Target Again
March 24, 2016--The annual consumer price inflation (CPI) was 7% in February 2016, up from 6.2% in January 2016-when it breached the SA Reserve Bank's target range, Statistics SA announced on Wednesday.
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Source: FIN24
Rand steady, following Brussels attacks
March 23, 2016--The rand has steadied against the dollar after a sell-off following attacks in Brussels, but traders say a strong greenback would keep the currency under pressure.
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Source: FIN24
Nigeria: Senate Passes 2016 Budget
March 23, 2016--The Senate has passed the N6.08 trillion budget for 2016, with an unprecedented reduction in the budget's total.
President Muhammadu Buhari presented a N6.08 trillion proposal in December 2015.
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Source: allafrica.com
Rand fragile as downgrade fears, Gupta scandal weigh
March 22, 2016--The rand has steadied against the dollar but traders say it remains vulnerable to a political crisis and fears of a sovereign credit ratings downgrade.
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Source: FIN24
Rand dips on Zuma showdown and downgrade jitters
March 18, 2016--The rand has weakened against the dollar as investors focused on a political scandal surrounding President Jacob Zuma and a potential sovereign ratings downgrade.
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Source: FIN24
Rand rallies on Sarb rate hike
March 17, 2016--The rand has rallied to under R15.10/$ after Reserve Bank governor Lesetja Kganyago announced a 25 basis-point increase in the repurchase rate to 7%.
