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East Africa Moving Toward Monetary Union
December 20, 2016--Five East African countries have joined forces with the aim of forming a single currency area by 2024.
Since the project's inception in 2000, Kenya, Uganda, Tanzania, Burundi, and Rwanda have been laying the groundwork for greater economic integration.
Measures such as establishing a Customs Union has helped streamline border clearances, simplify work permit issuance, and ensure the recognition of professional agreements by member countries. As a result, regional trade has increased by over 40 percent in the last five years.
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Source: IMF
Sasol shines as oil price surge lifts JSE resources
December 12, 2016--The local market has remained in the black, but would have been lower were it not for resources shares gaining 1.87% by mid-morning on the back of higher energy prices.
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Source: FIN24
JSE rises on positive global market trends
December 8, 2016--The positive mood on world markets continued and the JSE has followed suit despite a rampant rand, with the Industrial index the star performer.
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Source: FIN24
Rand surprises with strong rally as consumer confidence improves
December 8, 2016--The rand has surprised the market with a strong rally this week as the FNB/BER Consumer Confidence Index saw consumer sentiment improving.
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Source: FIN24
Global markets boost lifts JSE
December 7, 2016--The JSE made an early start out of the starting blocks this morning in response to a strong surge on world markets, with bargain hunters looking for opportunities.
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Source: FIN24
Rampant rand reverses early JSE gains
December 6, 2016--The JSE started the day higher in line with global trends, but all major indices have lost ground as the strong rand caused a quick change of sentiment.
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Source: FIN24
S&P ratings: Treasury highlights 11 points
December 2, 2016--National Treasury has pointed out the strengths and weaknesses mentioned by S&P Global Ratings after the country escaped a downgrade to junk.
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Source: FIN24
Strong gains in industrials boost JSE
November 30, 2016--A sharp drop in commodity prices in China has held the big resources shares back, but the JSE's major indices were however supported by strong gains in the Industrial index.
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Source: FIN24
Africa: Africa's Exchanges Urged to Be Innovative and Integrate to Attract More Investment
November 29, 2016--Stock exchanges in Africa must integrate trading systems and innovative to attract more investors and help deepen as well as widen the economic integration process in Africa.
The move will also promote the movement of capital across the continent, increase investment opportunities and encourage optimum financing for firms, irrespective of where they come from, experts have said.
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Source: FIN24
JSE treads water as investors reposition
November 29, 2016--Investors have repositioned themselves with little happening on the JSE and with the rand still strong and boosted by SA's reprieve from junk, major indices did not move much.
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Source: FIN24
