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Nigeria: What to Expect From Contributory Pension Scheme in 2017
February 3, 2017--The Contributory Pension Scheme (CPS) had witnessed sustained rising growth in 11 years until 2016 when the growth was a bit stunted due largely to Nigeria's economy sliding into a recession, a recession; it is yet to recover from.
Because of the recession, Nigeria's economic growth slowed, some businesses closed shop, some reduced salaries and some sack huge number of workers.
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Source: AllAfrica.com
JSE slips as firm rand drags down industrial heavyweights
February 2, 2017--Share prices on the JSE have been lower as weaker European markets and a stronger rand pushed the prices of the dual-listed shares lower.
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Source: FIN24
JSE perks up despite directionless global markets
January 31, 2017--Share prices on the JSE have recovered, despite global markets struggling to find direction now that the honeymoon with US President Donald Trump's economic policies is over.
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Source: FIN24
Rand fragile as political risk returns
January 31, 2017--The issues plaguing the rand are re-emerging, causing the currency to be on the back foot.
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Source: FIN24
Financial shares trade lower
January 27, 2017--Share prices have been drifting lower as a softer rand battered financial shares, with other major indices on the JSE moderately lower by midday.
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Source: FIN24
Rand tanks on Zuma's defiance comment
January 27, 2017--The rand has tanked following a report about President Jacob Zuma considering firing ministers who defy him.
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Source: FIN24
JSE lags global recovery as rand strength saps industrial sector
January 26, 2017--The global rally has lifted financial and industrial shares on the JSE, but the strong rand continued to cap the prices of the heavyweight dual-listed shares.
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Source: FIN24
Rand could strengthen to best levels since late 2015
January 26, 2017--The rand is continuing its rally and could reach levels against the dollar last seen in late 2015.
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Source: FIN24
The power of pension funds for African infrastructure
January 25, 2017--Opening the elegant new six-lane toll bridge stretching cross Dar es Salaam's Kigamboni Creek in April, Tanzania's President John Magufuli called it "liberation" for citizens.
It represents a $135m investment by Tanzania’s National Social Security Fund, the state-run pension fund, and government. China Railway Construction Engineering Group built the 680-metre bridge with China Railway Major Bridge Group and say it is the longest cable-stayed bridge in East Africa
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Source: africanbusinessmagazine.com
Rampant rand spoils resources rally
January 25, 2017--The rally in the resources sector in the JSE has lost some momentum, as a rampant rand put a cap on shares which earn most of their income in dollar.
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Source: FIN24