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Gold stocks push JSE to record
August 12, 2013--South Africa's two main stock indices booked record closes on Monday,
lifted by a surge in gold producers such as Gold Fields on a higher bullion price.
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Source: FIN24
Rand rallies against dollar
August 12, 2013--The rand firmed against the dollar early on Monday with local dealers coming in after a long weekend to play catch up with a currency that rallied at the end of last week.
At 08:51, the rand was up 0.4% to R9.7950/$ from Friday's close in New York.
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Source: FIN24
Nigeria, Others Lead in Global Confidence Index
August 12, 2013--With global economic recovery in sight, a survey has shown that the Nigerian economy and other economies in Africa have once again been identified as the most business-confident region in the world.
The findings were contained in the Global Economic Conditions Survey (GECS) compiled by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA).
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Source: AllAfrica.com
Rand to be back at R10/$ soon-analysts
August 9, 2013--The rand will slip more over the next year, due to tensions
in the mining industry and investors' response to the eventual withdrawal of US stimulus cash
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Source: FIN24
China trade data boosts Rand, bonds
August 8, 2013--The rand has gained 0.5% on the dollar,
buoyed by strong Chinese trade data that showed the world's biggest commodities consumer was importing more than expected.
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Source: FIN24
Rand firms slightly after reserves data
August 7, 2013--The rand has firmed slightly against the dollar after data showed
foreign exchange reserves rose in July.
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Source: FIN24
Rand steady vs dollar, eyes on auction
August 6, 2013--The rand has been steady against the dollar,
with market participants saying it could benefit from a successful government bond auction.
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Source: FIN24
Zim market dives on Mugabe re-election
August 5, 2013--Shares in SA-owned firms are down and investors have fled the Zimbabwean stock market
on fears of Zim dollar reintroduction and intensification of empowerment.
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Source: FIN24
Rand slips against dollar, bonds firm
August 5, 2013--The rand has edged lower against the dollar and is likely to be range-bound
ahead of the release of local mining and manufacturing data.
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Source: FIN24
Nigerian Equities Market Outperforms SA, Egypt,Others
August 5, 2013--The Nigerian equities market has continued to record impressive performance among its African peers, outperforming other markets such as South Africa, Egypt, Zambia, Mauritius and Kenya as at end of July 2013.
Nigeria was one of the best performing in 2012 and the same trend has continued. By the end of July the Nigerian market recorded a growth of 35 per cent. The performance is second behind only Ghana that posted a return of 61 per cent. Kenya came third with 30 per cent while Zambia recorded a growth of 27 per cent.
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Source: AllAfrica.com
