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Rand plunges on report Hawks circling Gordhan
August 23, 2016--The rand has fallen to its weakest level against the dollar in three weeks after a report claiming the Hawks ordered Finance Minister Pravin Gordhan to report to its offices.
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Source: FIN24
JSE heavyweights rally on weak rand
August 22, 2016--The big dual-listed shares on the JSE, which represent most of the market's value, have staged an impressive comeback after languishing in the doldrums.
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Source: FIN24
Rand retreats on US rate hike prospects
August 22, 2016--The rand has continued its retreat against a strengthening dollar as rekindled expectations of a near-rate rise kept investors cautious.
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Source: FIN24
Nigerians Look to Traditional Gods for Economic Salve
August 20, 2016--Wearing pristine white gowns and cowry shells, red feathers in their hair, a group of Nigerian priestesses sang as they slaughtered chickens for the river goddess, asking for good fortune in these turbulent times.
Thousands of Nigerians came out to Osogbo, a three-hour drive from Lagos, on Friday to celebrate the river goddess Osun and put their hardships behind them as people turn to traditional gods for hope in the face of a likely recession and with no end in sight to the country's economic woes.
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Source: allAfrica.com
Rand, stocks weaker after hawkish Fed comments
August 19, 2016--The rand has retreated for a third consecutive session to its weakest level in a week against the dollar while stocks also fell, on signs the US could lift rates.
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Source: FIN24
Oil price surge dents rand rally
August 19, 2016--An almost 25% gain in the oil price this week has put a damper on the rand's rally, but the real concern remains the interest rate outlook for the US Federal Reserve.
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Source: FIN24
JSE gains on weak dollar and Standard Bank results
August 18, 2016--The JSE has been a big benefactor as the dollar failed to break out from a low, with financial shares also advancing from Standard Bank''s satisfactory results.
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Source: FIN24
Soft rand helps big JSE rand hedge shares recoup losses
August 17, 2016--Share prices on the JSE have made up initial losses incurred in earlier trade and most of the major indices were higher again, supported by a weaker rand.
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Source: FIN24
DMS-Emerging Markets: Frontier Markets: Nigerian Economy on the Edge
August 16, 2016--It has only been a month since I last wrote about Nigeria possibly slipping into a recession, but I decided to revisit the country because of all the negative news emanating from there.
The question I had asked in my earlier article was whether Nigeria was heading into an economic recession. The question has now been answered, and it is a resounding yes!
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Source: Peter Kohli, CEO, DMS Funds
JSE gets boost from London resources rally
August 16, 2016--A recovery in resources shares in London, where all the major commodity groups have their primary listings, has lifted the local stock exchange.
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Source: FIN24
