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Rand hits 10-month highs, stocks stumble
August 10, 2016--The rand has surged to a new 10-month high as the greenback sank after weak US productivity data again pushed back expectations of a Federal Reserve rate hike.
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Source: FIN24
DMS-Emerging Markets: South Africa's Electorate Matures
August 9, 2016--So we now have a cure for AIDS, according to South African President Jacob Zuma who is accused of raping an HIV-positive woman.
He admitted to having consensual unprotected sex with the 31-year-old, even though he knew she was infected. His solution, he said, was to have a shower after sex to prevent possible HIV infection. No more expensive medicines, just a shower. This, together with so many other factors, resulted in the governing ANC party being trounced badly in the recent municipal elections.
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Source: Peter Kohli, CEO, DMS Funds
JSE gets fillip as financial shares rise
August 8, 2016--Financial stocks on the JSE followed European markets higher, giving major indices a boost as the financial sector still scored from the UK's Brexit decision.
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Source: FIN24
Rand steadies after strong US jobs numbers dent good run
August 8, 2016--Strong US jobs numbers hit the rand over the weekend, but the currency has strengthened again to open trade at R13.70 to the dollar.
Rand pares gains on US jobs data, MTN leads stocks lower
August 5, 2016--The rand has fallen, giving up early gains, after buoyant US jobs data gave the dollar an upward jolt
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Source: FIN24
JSE investors wary despite incident-free poll
August 5, 2016--Investors on the JSE have been cautious despite the successful election in South Africa,, with the bourse mostly pulled lower by the big dual-listed shares.
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Source: FIN24
African Economic Outlook 2016 launched in Nigeria
August 4, 2016--The 2016 African Economic Outlook (AEO) was launched by the Nigeria Country Office of the African Development Bank at an outreach event held at the Ahmadu Bello University in Zaria.
The theme of the 2016 AEO is Sustainable Cities and Structural Transformation. The report looks closely at Africa's distinctive pathways towards urbanization, and how this is increasingly shifting economic resources to more productive activities.
view the African Economic Outlook 2016
Source: African Development Bank Group
JSE gets mild fillip from financial shares
August 4, 2016--Financial stocks on the JSE have followed their European counterparts higher, which also gave the rest of the market a marginal lift.
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Source: FIN24
Rand outshines global currencies
August 4, 2016--The rand has led gains, showing the best performance among 31 global currencies, boosted by vote counting and the Bank of England slashing its main lending rate.
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Source: FIN24
JSE slips on global economy concerns
August 2, 2016--The JSE has tracked European markets lower, with almost all major indices-apart from gold-substantially down on worries about the global economy.
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Source: FIN24
