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Nigeria: Report-Govt May Be Approaching Debt Trap
October 12, 2016--As the federal government continues to search for ways to take the country out of its present economic recession, a report has indicated that Nigeria may be approaching a debt trap.
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Source: AllAfrica.com
Rand recovers, stocks touch 3-1/2-month low
October 12, 2016--Stocks have reached 3-1/2-month lows in line with world equities, while the rand recouped some of its losses against the dollar.
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Source: FIN24
JSE posts slight rise as rand hedge shares shine
October 12, 2016--Banking shares, which lost more than R34bn of their value on Tuesday, have continued their slide but at a much slower rate than the day before.
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Source: FIN24
Rand still roiling from Gordhan bombshell
October 12, 2016--The rand's sudden drop in value following the NPA decision to summon Finance Minister Pravin Gordhan is not the end of the rand's decline, according to an economist
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Source: FIN24
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
