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IMF-Africa's Short-term Priority: Tackle Shock of Lower Oil Prices
April 17, 2015--Overall outlook favorable, but oil price drop trims oil exporters' growth prospects
Decline in oil prices offers unique change to reform energy subsidies
More economic diversification can tap strong opportunities for long-term growth
Managing the impact of sharply lower oil prices is sub-Saharan Africa's short-term policy priority, IMF African Department Director Antoinette Sayeh said.
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Source: IMF
JSE consolidates as market awaits data
April 17, 2015--The JSE has been consolidating as investors await
international economic news that can influence future developments in the local market.
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Source: FIN24
Rand recovers as soft US data weighs on dollar
April 16, 2015--The rand has strengthened against the dollar as soft US housing and jobs data weighed on the
dollar, adding uncertainty over the timing of a rate rise from the Federal Reserve.
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Source: FIN24
Rand softens, traders eye Eskom woes
April 15, 2015--The rand has been on the back foot against the dollar
driven lower by global market movements as investors worried about the impact of load shedding.view more
Source: FIN24
Naspers takes beating, drags JSE down
April 14, 2015--Profit-taking in Naspers shares has continued unabated after investors started taking
advantage of the record run through the R2 000 mark in the previous session.
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Source: FIN24
Africa: End of the Commodity Super-Cycle Weighs on Growth
April 13, 2015-Sub-Saharan Africa's growth will slow in 2015 to 4.0 percent from 4.5 percent in 2014, according to World Bank projections released today.
This downturn largely reflects the fall in the prices of oil and other commodities, notes Africa’s Pulse, a twice-yearly World Bank Group analysis of the issues shaping Africa's economic prospects released today at the start of the World Bank Group’s 2015 Spring Meetings...
view Africa's Pulse
Source: World Bank
JSE tracks world markets to record high
April 10, 2015--World markets have approached record highs and the JSE
followed, with the All-share index reaching a new intraday high.
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Source: FIN24
Rand, govt bonds weaker on dollar pressures
April 10, 2015--The rand gave up its gains against the dollar, as the
greenback strengthened with jobless claims data easing concern over the state of the US economy.
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Source: FIN24
Naspers jumps as SA stocks rally
April 9, 2015--South African stocks have risen marginally as depressed
resource companies dampened a rally by index heavyweight Naspers.
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Source: FIN24
Rand reverses gains against dollar
April 9, 2015--The rand has reversed gains against the dollar, after
investors put behind them a recent raft of soft US data to still price in the prospect of higher rates in the world's biggest economy.
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Source: FIN24