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Stronger rand defies ratings cut
November 27, 2017--The rand closed firmer against the expectations of the market following S&P Global Rating's decision on Friday to downgrade South Africa's rand-denominated debt to junk status.
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Source: FIN24
Zimbabwe: Bitcoin Price Hits U.S.$16,500
November 27, 2017--The price of bitcoin in Zimbabwe as quoted at the local exchange, Golix, rose 13,79 percent on Monday to trade at $16,500, about 65 percent above the global price.
The global price of bitcoin stood nearer $10,000 on Monday.
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Source: AllAfrica.com
JSE flat as markets await rating decisions
November 24, 2017--The JSE closed flat on Thursday as markets wait to see what happens with the sovereign ratings decisions from Moody's and S&P.
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Source: FIN24
Rand traders brace for big swings as risks stack up
November 24, 2017--The rand's roller-coaster ride isn't over yet-but traders appear uncertain about whether it's heading up or down.
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Source: FIN24
S&P Global downgrades SA to junk, Moody's places SA on downgrade review
November 24, 2017-- Global ratings agency S&P Global Ratings on Friday evening downgraded South Africa's long-term local currency rating to 'BB+', or junk, from 'BBB-' with a stable outlook, while Moody's has placed the country on review to be downgraded.
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Source: FIN24
Mnangagwa sworn in as Zimbabwe's president
November 24, 2017--Mugabe's old ally promises democratic rebirth but faces stern economic challenge.
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Source: FT.com
Nigeria: Rising Investors' Confidence Lifts External Reserves to $34.9bn
November 22, 2017--The Central Bank of Nigeria (CBN) yesterday said that the nation's external reserves have risen to $34.9 billion, the highest in 30 months, driven by increased investor confidence in the Nigerian economy.
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Source: AllAfrica.com
Zimbabwe: As Mugabe Falls, Change is in The Air, But so is Uncertainty
November 22, 2017--Despite the celebrations that followed the resignation of Zimbabwe's former president Robert Mugabe on Tuesday, there is still uncertainty among Zimbabweans about the country's future under ruling party Zanu-PF.
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Source: AllAfrica.com
JSE takes breather as rand firms on peaceful Mugabe exit
November 22, 2017--The JSE has taken a breather from its record-breaking run as the rand strengthened considerably after the peaceful political transition in neighbouring Zimbabwe.
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Source: FIN24
Nigerian Stock Exchange Index Gains 0.24 Percent As Market Opens On Bullish Note
November 21, 2017--The Nigerian equities market opened for the week on a bullish note as investors reacted to the positive Gross Domestic Product (GDP) growth rate in the third quarter (Q3) 2017.
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Source: AllAfrica.com
