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Global disaster costs soar in 2017: Swiss Re
December 20, 2017--Total economic losses from natural and man-made disasters have soared by 63% to strike an estimated $306bn in 2017, reinsurance firm Swiss Re said on Wednesday.
"The US was hardest hit, including by hurricanes Harvey, Irma and Maria, which have made 2017 the second costliest hurricane season" after 2005, the company said.
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Source: FIN24
Rand rallies over 4% as Ramaphosa takes
December 18, 2017--The rand rallied to under R12.60 to the US dollar as news broke that Cyril Ramaphosa has won the ANC leadership race at the party's 54th National Conference.
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Source: FIN24
Markets lower ahead of ANC elective conference
December 15, 2017--The local bourse closed weaker on Friday as the gains from the previous day's bounce were quickly erased.
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Source: FIN24
UPDATE: Rand soars on Ramaphosa optimism, dips under R13.10/$
December 15, 2017--The rand strengthened more than 3% to trade under R13.10 to the US dollar amid optimism that Deputy President Cyril Ramaphosa would be victorious in the race for ANC president.
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Source: FIN24
JSE breaks losing streak
December 14, 2017--The JSE closed firmer on Thursday as it broke a streak of consecutive losing sessions.
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Source: FIN24
Traders brace for 'explosive' rand moves after ANC election
December 14, 2017--Just days before the ANC elects a new leader to replace President Jacob Zuma as party head, the rand's implied volatility versus the dollar has shot up to levels last seen in 2008.
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Source: FIN24
Local equities weaker as inflation slows
December 13, 2017--The JSE closed weaker on Wednesday as the current selling pressure in most of the blue chip stocks persisted.
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Source: FIN24
JSE weaker as blue chip stocks remain under pressure
December 12, 2017--The JSE has closed weaker as most of the blue chip stocks on the local bourse traded under pressure.
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Source: FIN24
Rand strengthens as markets keep close eye on Steinhoff
December 11, 2017--The rand strengthened by 1.02% to trade at R13.58 to the dollar, with five days to go before the start of the ANC elective conference.
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Source: FIN24
JSE powers ahead despite Steinhoff, EOH rout
December 7, 2017--A strong run by mining counters has cushioned the fallout from Steinhoff International and EOH which lost 43.21% and 34.67% respectively.
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Source: FIN24
