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Rand plunges as Gordhan saga intensifies
October 11, 2016--The rand has dived to its lowest in almost a month after Finance Minister Pravin Gordhan was ordered to appear in court to face fraud charges.
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Source: FIN24
Rand hedge stocks surge on shock Gordhan move
October 11, 2016--The JSE's Financial index has fallen, while rand hedge shares rose sharply after news that Pravin Gordhan has has been served a formal summons by the Hawks.
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Source: FIN24
Strong rand dents industrial shares on JSE
October 10, 2016--Share prices on the JSE have again fallen victim to the strong rand with the Industrial index, which includes most of the dual-listed shares, the biggest loser.
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Source: FIN24
Rand firmer as investors venture into risky assets
October 10, 2016--The rand has firmed against the dollar as investors, seeing less chance of a victory by Republican nominee Donald Trump in next month's US presidential election, ventured into riskier emerging markets.
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Source: FIN24
Gold advances as investors pile into ETFs
October 10, 2016--Gold has rebounded from the biggest weekly drop this year as investors piled into bullion-backed exchange-traded funds.
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Source: FIN24
Nigeria: Investors Stake N6.4 Billion As Index Drops By 1.8 Percent
October 10, 2016--A turnover of 934.905 million shares worth N6.357 billion in 12,352 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.287 billion shares valued at N9.303 billion that exchanged hands penultimate week in 15,258 deals.
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Source: AllAfrica.com
East Africa: Ethiopia to Overtake Kenya As Region's Top Economy
October 7, 2016--Ethiopia's economy is expected to overtake Kenya's this year, buoyed by massive government spending on infrastructure that has kept the Horn of Africa nation in the list of the world's fastest economies in the past 10 years.
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Source: AllAfrica.com
JSE lifts as world awaits US jobs data
October 7, 2016--Global currency fluctuations. which also affect the rand. have been the main driver as markets await key US data. with share prices on the JSE rallying in morning trade.
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Source: FIN24
JSE up as US data cheers global markets
October 6, 2016--All local indices-with the exception of the Industrial index-have lifted on perceptions that the global economic cycle appears to be rebounding for now.
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Source: FIN24
Rand flat as market awaits US jobs data
October 6, 2016--The rand has been largely unchanged against the dollar in early trade as investors await US job numbers which could impact appetite for emerging markets.
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Source: FIN24
