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Rand falls after US jobs data
March 7, 2014--The rand lost ground against the dollar on Friday after stronger than expected US nonfarm payrolls data.
The rand, which reached a two--month high this week, was at R10.7250/$ at 14:52 GMT, down more than 1% from Thursday's New York close.
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Source: FIN24
Strong results encourage JSE investors
March 6, 2014-The JSE resumed its upward momentum on Thursday morning after Wednesday's profit taking. All the major indices were up, led by the gold index.
By midday the All-share index was 122,95 points or 1.26% higher at 47 638 and the Top 40-index 108,50 or 0.25% stronger at 43 061. Both indices are now close to new records.,
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Source: FIN24
Rand hits two-month highs
March 6, 2014--The rand firmed against the dollar on Thursday, taking direction from a stronger euro and shrugging off the first rolling blackouts to hit the economy in six years.
The single currency, buoyed by the European Central Bank's (ECB) decision to keep interest rates on hold, traded at its highest level against the dollar since late December.
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Source: FIN24
JSE pulls back from record high
March 5, 2014--South African stocks have ended lower, with charts suggesting the main indices have limited upside after hitting several record highs
in the past few weeks.
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Source: FIN24
Rand seen dropping to R11.02/$
March 5, 2014--The rand is likely to remain on the rack with expectations of it shedding around 3% in the next 12 months to trade at R11.02/$,
according to a poll.
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Source: FIN24
NSE to reduce transaction costs by N1.2bn
March 4, 2014--The Nigerian Stock Exchange says it has started a process that will reduce the amount investors pay for transactions on the Exchange. A statement on Tuesday by the Head, Public Relations, NSE, Mr. Dante Martins, explained the NSE would reduce the cost of its trade alert by about N1.24bn.
This, it stated, would be done through the scrapping of the 0.06 per cent charge on every trade on the Exchange and the introduction of an enhanced notification system.
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Source: Punch
JSE eyes Feb 21 record highs
February 4, 2014--The major indices on the JSE are approaching record levels again as investors shrugged off global woes and negative local economic news.
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Source: FIN24
Rand gains with emerging market currencies
March 4, 2014--The rand has gained more than 1% against the dollar as tensions between Russia and Ukraine appeared to ease.
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Source: FIN24
Ukraine crisis weighs heavily on JSE
March 3, 2014--Uncertainty returned to the JSE as the threat of war in the Ukraine and bad news out of China weighed heavily on investor sentiment
towards emerging market assets.
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Source: FIN24
Rand weakens amid Ukraine crisis
March 3, 2014-The rand weakened alongside other emerging markets on Monday as investors dumped high-yielding assets in a wave of risk aversion fanned by political tensions in Ukraine.
By 15:43 GMT the local unit was trading at R10.8185/$ to the dollar, down 0.57% from Friday's close in New York.
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Source: FIN24