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Markets WRAP: Rand closes at R14.12/$
March 1, 2019--The rand was the worst performing EM currency in early trade.
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Source: FIN24
JSE weaker as companies flag tough conditions in earnings results
February 28, 2019--The local bourse has closed softer as market participants reacted to a flurry of earnings releases from JSE listed companies.
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Source: FIN24
JSE closes flat after a weak trading session
February 27, 2019--The JSE has traded mostly softer as the selling pressure from other global markets crept onto the local bourse.
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Source: FIN24
Nigeria Remains Africa's Largest Economy-Report
February 27, 2019--Nigeria has been named Africa's largest economy for the second year in a row by multinational professional services network PricewaterhouseCoopers (PwC).
The auditing firm disclosed this in the latest edition of its Nigeria's economic outlook titled: "Top 10 Themes for 2019," distinguishing the Nigerian economy from other seven.
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Source: allafrica.com
Local bourse shrugs global sentiment to close firmer
February 26, 2019--The JSE has bucked the trend in other global markets to close firmer, mainly on the back broad-based gains across the bourse's major indices.
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Source: FIN24
Rand's undeserved rally gives SA some breathing space
February 26, 2019--Hopes of a trade truce between China and the US and a more dovish Federal Reserve are giving the rand a boost-and President Cyril Ramaphosa some breathing space as he struggles to stabilise Eskom while curbing government debt levels.
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Source: FIN24
Ethiopia aims for stock exchange by 2020
February 26, 2019--Ethiopia has set itself a tight timetable for economic reform, including privatization of telecoms by the end of 2019 and a domestic stock exchange by 2020. A World Bank team was due to arrive in Addis Ababa in December to provide technical help to develop the capital market.
Last week Financial Times repeated the timetable in an interview with Prime Minister Abiy Ahmed, given to FT Editor Lionel Barber and Africa Editor David Pilling, billed his first one-on-one international media interview. Prime Minister Abiy told them: "My economic model is capitalism… If you give me $100bn now, I can"t use it. There is not only money, there is talent and experience. That's why we need the private sector."
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Source: africancapitalmarketsnews.com
JSE closes softer as miners struggle
February 25, 2019--The JSE got off to a lukewarm start for the week despite other global equity markets rallying on news that Donald Trump had postponed the date for increasing tariffs on Chinese imports.
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Source: FIN24
Markets WRAP: Rand closes at R13.84/$
February 25, 2019--This after TreasuryONE said in a morning note to clients that the rand opened firmer this morning as news that President Donald Trump had delayed the date for the imposition of new tariffs on Chinese imports buoyed markets.
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Source: FIN24
NSE partners with market stakeholders, launches Mutual Funds trading platform
February 22, 2019--The Nigerian Stock Exchange ("the Exchange" or "NSE") in conjunction with Fund Managers Association of Nigeria (FMAN); Association of Stockbroking Houses of Nigeria (ASHON) and The Central Securities Clearing System (CSCS) Plc has launched the NSE Mutual Fund Trading and Distribution Platform on February 22, 2019 at the NSE in Lagos.
The Mutual Fund trading platform will bring together market participants to facilitate electronic transactions with seamless interaction between NSE, CSCS Plc, Fund Managers and Brokers Dealers. Investors will have the benefit of a single view of their mutual fund investment and ease a variety of transactions like subscription, redemption, cancellation etc.
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Source: The Nigerian Stock Exchange
