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Rand backtracks against firmer dollar, stocks flat
February 16, 2016--The rand has been weaker, giving up some of the gains triggered by the easing of global risk aversion driven by higher oil prices.
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Source: FIN24
JSE rallies but recovery may not last
February 15, 2016--The JSE has followed global markets higher as investors bought undervalued stock after the recent massive sell-off, but analysts warn the bounce may be short-lived.
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Source: FIN24
Nigeria: Survey-Nigerian Capital Market Lost N1.63 Trillion in January
February 5, 2016--The Nigerian stock market lost more than N1.63 trillion in January due to profit-taking and currency volatility,
statistics from the Nigerian Stock Exchange (NSE) showed on Thursday.
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Source: allAfrica.com
Nigeria: Corruption Will Cost Nigeria 30 Percent of GDP By 2030-Report
February 3, 2016--A new study by professional services firm, PriceWaterhouseCoopers, PwC has shown that Nigeria will lose 30 per cent of its GDP to corruption by 2030.
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Source: allafrica.com
JSE shows strong recovery
January 29, 2016--The strong recovery of share prices on the JSE has continued thanks to support the market received from a stronger, among other factors.
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Source: FIN24
Rand extends post-rate hike rally
January 29, 2016--The rand has extended its post-rate hike rally, gaining another almost 1% against the greenback.
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Source: FIN24
Rand cheers steep rate hike
January 29, 2016--The rand has reacted positively to Sarb governor Lesetja Kganyago's announcement that the bank has decided to hike interest rates by 50 basis points.
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Source: FIN24
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
