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IMF Executive Board Concludes 2017 Article IV Consultation with South Africa
July 6, 2017--On June 26, 2017, the Executive Board of the International Monetary Fund concluded the Article
IV consultation1 with South Africa.
Living conditions have ameliorated substantially for the bulk of South Africa's population during
the past two decades, but the pace of improvement has gradually slowed.
Following last year's
near-standstill in economic activity, growth is projected to increase to 1.0 percent in 2017 and
1.2 percent in 2018, still insufficient to keep pace with the rising population. The current account deficit is projected to decline to 3 percent of GDP in 2017, boosted by mining and agricultural
exports, and to widen to just below 4 percent of GDP in the medium term.
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Source: IMF
JSE closes weaker as rand hedges shed gains
July 6, 2017--The JSE traded weaker as most rand hedge stocks shed some gains.
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Source: FIN24
Rand slides on Reserve Bank nationalisation jitters
July 6, 2017--The rand weakened significantly against most major currency pairs after the ANC made an announcement proposing the nationalisation of the SA Reserve Bank.
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Source: FIN24
The Moneyweb Investor: Recession and dirty politics; but good things too
July 5, 2017--Yes, recession is stifling the economy and dirty politics darkens our discourse, but that is today.
There are those who are planning for a better, brighter tomorrow. We talk to Chris van der Merwe, founder of Curro, about how he plans to transform tertiary education for the greater good with his new company, Stadio.
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Source: MoneyWeb
Naspers lift gives JSE a boost
July 5, 2017--Naspers has recovered some of the losses it suffered in the previous session, lifting the Industrial index and in turn helping to pull the overall market higher.
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Source: FIN24
Rand slides on reserve bank nationalisation jitters
July 5, 2017--The rand weakened significantly against most major currency pairs after the ANC made an announcement proposing the nationalisation of the SA Reserve Bank.
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Source: FIN24
Sharp move lower in Naspers drags down JSE
July 4, 2017--Naspers traded under significant pressure on the JSE after its associate, Tencent Holdings, edged lower on the Hang Seng closing down 4%.
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Source: FIN24
Nigeria's 'Shadow Economy' May Fall to Half By 2025
July 3, 2017--Going by an assessment of the on-going reforms in Nigeria, the number of informal sector operators may be cut by a near half in the next eight years.
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Source: AllAfrica.com
JSE closes firmer as rand slides
July 3, 2017--The JSE closed the trading session firmer as the rand slipped to 4-week lows against the greenback.
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Source: FIN24
Rand slides as traders turn from risky currency
July 3, 2017--The rand has lost almost 1% of its value against the dollar amid an American long weekend that has seen traders move away from risky emerging market currencies.
