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Nigerian Investor Sets Up $135 Million Commodities Exchange
August 22, 2017--Company creating an export hub for agricultural products
Facility to include processing plants, warehouses by 2018
A Nigerian startup is developing a new agricultural commodities exchange in Africa's most populous country to take advantage of the government's efforts to boost farming output to reduce reliance on oil.
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Source: Bloomberg
Shoprite-led retail rally fuels JSE
August 22, 2017--The JSE has pushed higher for a second consecutive session as positive financial results provided a boost to the equity market.
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Source: FIN24
Retailers, financials push JSE higher
August 21, 2017--The JSE, buoyed by retailers and financials which bounced on the back of the firmer rand, has closed in the green.
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Source: FIN24
Southern Africa: SADC Economic Outlook Generally Bright Despite Challenges
August 21, 2017--The economic situation in southern Africa is generally stable with most countries experiencing improved growth
SADC Executive Secretary, Dr Stergomena Lawrence Tax told the 37th Ordinary Summit of SADC Heads of State and Government in Pretoria, South Africa which opened on 19 August that the overall "macroeconomic situation and economic performance in the SADC region has remained positive, registering an upward trend in economic performance< albeit at a decreasing trend."
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Source: AllAfrica.com
JSE closes in the red as global markets remain under pressure
August 18, 2017--The JSE has closed in the red yet again as it followed the trend in other major global bourses.
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Source: FIN24
Local equities close weaker amid rand confusion
August 17, 2017--The local bourse has failed to gain any significant upside momentum after opening slightly firmer, as the volatile currency impacted rand sensitive stocks.
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Source: FIN24
Rand rally puts damper on JSE
August 17, 2017--A strong recovery by the rand dampened share prices on the JSE in morning trade, with most indices only marginally higher in line with stronger global markets
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Source: FIN24
Naspers bouys JSE after impressive Tencent results
August 16, 2017--The local bourse was buoyed by Naspers which jumped on the back of an impressive set of results from its Hang Seng listed associate, Tencent Holdings.
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Source: FIN24
Strong rand, low commodity prices weigh on JSE
August 15, 2017--Commodity shares have pulled the JSE lower as they were hit by the deadly combination of lower commodity prices and a stronger rand.
August 15, 2017--Ghana is the eighteenth-most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index (AII) compiled by Quantum Global's independent research arm, Quantum Global Research Lab.
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Source: AllAfrica.com
