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South Africa: Reserve Bank Announces Interest Rate Hike
January 28, 2016--South African Reserve Bank (Sarb) governor Lesetja Kganyago on Thursday announced a 50 basis-point increase in the repo rate to 6.75%, in line with the consensus.
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Source: allAfrica.com
JSE stages strong comeback
January 28, 2016--The JSE has made a firm recovery after its poor start to the year, and by midday the major indices were higher for the fourth consecutive day.
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Source: FIN24
Rand up on Fed move as market anticipates rate hike
January 28, 2016--The rand has firmed as the Fed kept rates on hold, giving investors scope to move back into emerging markets, while the local market awaits Sarb's rates decision.
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Source: FIN24
Southern Africa: SA Among Worst Economic Performers in Region
January 27, 2016--South Africa will be among the worst economic performers in sub-Saharan Africa as higher tariff barriers, protection for inefficient industries and deeper state intervention are set to draw back growth this year, according to analysts.
However, economists said this week that overall growth in the region would accelerate only "slightly".
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Source: allafrica.com
East Africa Agrees to Fast-Track Unification of Stock Exchanges
January 27, 2016--East Africa has agreed to fast-track the unification of the four bourses via an online portal allowing cross-trading in securities.
In a joint statement the East African Securities Association through the chairman Mr Pierre Celestone Rwabumbuka urged member bourses to fast-track integration of the Kenya, Uganda, Tanzania and Rwanda bourses to create sustainable markets that support growth of individual economies.
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Source: AllAfrica.com
JSE recovery loses steam
January 27, 2016--The JSE has lost some of the momentum gained in early trade, mainly due to the resources sector which shed more than 1% gained during the course of the morning
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Source: FIN24
Rand firmer, but will struggle to sustain gains
January 27, 2016--The rand has been a tad firmer against the dollar, in a market anticipating an interest rate hike as the Reserve Bank fights inflation pressures.
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Source: FIN24
Rand weakens as global market sell-off resumes
January 26, 2016--The rand has softened in early trade as an oil price plunge swang global markets away from riskier assets.
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Source: FIN24
Nigeria: Nigerian Stock Market Indices Up By 0.59 Per Cent
January 23, 2016--The market indices of the Nigerian Stock Exchange (NSE) on Friday, appreciated further by 0.59 per cent following price appreciation.
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Source: AllAfrica.com
JSE bounces back from lows
January 22, 2016--Global markets have recovered steeply, indicating they may be nearing the end of the current panic, while the JSE has also moved decisively from the previous day's low.
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Source: FIN24
