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Rand weakens on rumours of free education, ratings downgrades
November 10, 2017--The rand extended its losses on Friday, trading at R14.38 to the dollar in the early afternoon after opening at R14.24.
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Source: FIN24
Nigeria:Treasury Instruments Crash On Moody's Downgrade
November 9, 2017--Amidst disagreement between Federal Government and Moody's Investment Services, a global financial rating agency, over the later's downgrade of Nigeria, the country's bond and treasury instruments crashed yesterday, at the short end of the tenors.
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Source: AllAfrica.com
JSE ends in the red; rand hits R14.30/$
November 9, 2017--Local equities gave up earlier gains as the Japanese Nikkei, which broke levels last recorded in January 1992, closed down following a big reversal.
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Source: FIN24
IMF Staff Concludes Visit to South Africa
November 8, 2017--South African authorities project 0.7 percent GDP growth in 2017; IMF team sees little improvement in 2018.
IMF team urges South Africa's Presidential Fiscal Committee to approve fiscal measures in timely fashion to avoid undue increases in debt-to-GDP ratio.
An International Monetary Fund (IMF) mission, led by Ana Lucía Coronel, visited South Africa during October 30- November 8, 2017, to discuss recent economic developments and outlook in the context of its regular surveillance activities.
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Source: IMF
JSE ends on all time high
November 7, 2017--As the All-Share index reached a new high of 60 589 points, some gold miners profited from a weaker rand to cancel out a fall in the dollar price of the precious metal.
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Source: FIN24
JSE gains as rand falls on dollar rally
November 3, 2017--The JSE All-Share index closed the day 0.52% firmer, matched by the blue-chip JSE Top-40 index which gained 0.67%.
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Source: FIN24
JSE in doldrums as rand recovery caps share prices
November 2, 2017--A stronger rand has put a lid on share prices on the JSE, and major indices were still seeking direction by mid-morning.
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Source: FIN24
Rand strengthens on the back of new Fed chair rumours
November 2, 2017--The rand has made sharp gains overnight following rumours that US President Donald Trump will nominate a new chair for the Federal Reserve Bank.
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Source: FIN24
Commodity giants rally as JSE follows global stocks higher
November 1, 2017--Global markets are on the run and the JSE has joined in the upward surge, supported by a slightly weaker rand, with the big dual-listed shares the top performers.
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Source: FIN24
Platinum shines as JSE loses ground after promising start
October 31, 2017--Platinum shares have been the stars on the JSE, as the market continued to drift sideways amid uncertainties about the South African economy's prospects.
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Source: FIN24
