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Ashiru -Nigeria's Foreign Direct Investment Now U.S.$8.9 Billion
August 2, 2013--The Minister of Foreign Affairs, Ambassador Olugbenga Ashiru, Thursday told the members of the National Working Committee (NWC) of the Peoples Democratic Party (PDP) that the foreign direct investment (FDI) into Nigeria rose significantly to $8.9 billion at the end of 2012.
The amount, he said was far higher than the $6.1 billion realised by the country in 2010. He also said at the end of 2012, Nigerians in the Diaspora contributed over $15 billion to the economy. Also, the minister of foreign affairs told the PDP NWC members that there were over 9,500 Nigerians in foreign prisons.
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Source: AllAfrica.com
Rand vulnerable ahead of US jobs data
August 1, 2013--The rand has weakened slightly against the dollar
and remained vulnerable ahead of the release of the globally watched US jobs data.
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Source: FIN24
JSE extends gains, Absa hammered
July 31, 2013--The JSE has closed higher for a second-straight session, buoyed by paper--maker Mondi,
but Absa tumbled over 7%, posting its biggest one-day drop in a year.
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Source: FIN24
Rand remains under pressure
July 31, 2013--The rand has dropped against the dollar, on track to extend three days of losses ahead of domestic
trade account data and a Federal Reserve policy review.
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Source: FIN24
JSE finalising results
July 29, 2013--The JSE [JSE:JSE] is currently finalising its results for the six months ended June 30 2013.
The results are expected to be released on August 13 2013.
Stakeholders are advised that the basic earnings per share ("Eps") of the JSE group for the period are expected to be between 180% and 200% higher than the previous year's 117 cents per share.
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Source: FIN24
Rand softer, import pressure seen
July 29, 2013--The rand has been softer against the dollar, retreating a few cents after data showed a slow down of
growth in credit extension to the private sector in June.
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Source: FIN24
SA stocks fall short as SABMiller weighs
July 26, 2013--The JSE dipped 0.4% as shares of SABMiller were hit after the world's second-largest beer maker
reported lower volumes and gold producers continued to struggle.
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Source: FIN24
Rand steady, eyes Marcus address
July 26, 2013--The rand has been flat against the dollar and is kooking to tread a narrow range in the absence of
major market-moving economic data, both locally and abroad.
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Source: FIN24
Rand remains vulnerable
July 25, 2013--The rand steadied against the dollar on Thursday after touching an 8-week high overnight, with nagging concerns about fractious domestic labour relations likely to cap significant gains.
Government bonds yields were higher ahead of producer inflation data expected show an acceleration in the June year-on-year number.
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Source: FIN24
Rand near seven-week high ahead of data
July 24, 2013--The rand traded near seven-week highs against the dollar on Wednesday and could strengthen further if consumer inflation data proves to be better than expected.
The rand was at R9.7090/$ at 06:51 GMT, down 0.3% from its close in New York on Tuesday. It reached a high of R9.6805/$ earlier in the session after breaking through the key resistance level of R9.80/$ late on Tuesday.
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Source: FIN24
