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Rand survives downgrade storm despite warnings of more to come
June 12, 2017--The rand has survived the latest rating agency announcement, which saw Moody's downgrade both the local and foreign currency rating to Baa3 and maintained a negative outlook.
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Source: FIN24
INFOGRAPHIC: SA's top 10 risks ...and what to do about it
June 12, 2017--South Africa faces many daunting risks-from corruption and droughts to an economic recession and unemployment. SA's leading risk managers reveal how we can respond.
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Source: FIN24
Nigeria: 10 Stockbroking Firms Facilitate N525 Billion Investment in Stocks
June 12, 2017--A total of N525 billion was invested in 35.022 billion shares through 10 stockbroking firms between January and May this year.
According to the data obtained from the Nigerian Stock Exchange (NSE) at the weekend, the value represents 73.3 per cent of the total transactions and 51.9 per cent in volume terms in the five months.view more
Source: AllAfrica.com
JSE breaks losing streak as mayhem ensues after UK vote
June 9, 2017--The JSE broke a week-long losing streak as volatility prevailed in global financial markets after the UK parliamentary elections result yielded a hung parliament.
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Source: FIN24
Rand wins as UK hung parliament raises Brexit concerns
June 9, 2017--The rand has strengthened quickly against the British pound, after England's election results shattered UK Prime Minister Theresa May's plan of consolidating power.
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Source: FIN24
JSE continues downward slide
June 8, 2017--The steady decline in share prices on the JSE continued, with All-share Index almost 5% lower than the 52-week high of 54 549 points reached on 22 May.
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Source: FIN24
Rand knocked as new poll gives Corbyn lead over May on day UK votes
June 8, 2017--The rand has weakened sharply suddenly after a new poll put Labour party leader Jeremy Corbyn ahead of Prime Minister and Tories leader Theresa May for the first time as the English go the polls.
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Source: FIN24
Central Africa: Tracking Gold From Mine-to-Market
June 8, 2017--The Great Lakes region has successfully implemented the first conflict-free artisanal supply chain for tracing gold from mining sites to buyers in the international market.
Partnership Africa Canada (PAC) has developed the Just Gold project to ensure traceability of the precious mineral and formalise the artisanal mining sector at Ituri in eastern Democratic Republic of Congo.
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Source: AllAfrica.com
Little movement on JSE in wake of recession bombshell
June 7, 2017--Contrary to expectations, the news that South Africa is officially in a recession has not led to a bloodbath on the JSE and the rand also did not go through the roof.
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Source: FIN24
East Africa: Tanzania Among Top Growing Economies in 2018
June 7, 2017--World Bank has forecasted Tanzania as the third fastest growing economy in Africa next year after Ethiopia and Ghana.
In a brief report, Global Economic Prospects: Sub-Saharan Africa, the WB predicted Tanzania to grow 7.2 per cent behind Ghana 7.8 per cent and Ethiopia 8.3 per cent.
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Source: AllAfrica.com