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Rand mostly flat on Marikana anniversary
August 16, 2013--The rand was mostly flat on Friday as worries of labour unrest were raised on the one-year anniversary of when police shot dead 34 strikers at Lonmin's Marikana mine, in the deadliest security incident since apartheid ended in 1994.
At 09:19, the rand was at R9.977, largely unchanged from Thursday's New York close of R9.974.
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Source: FIN24
Rand recovers back into range vs dollar
August 15, 2013--The rand firmed against the dollar early on Thursday, recovering from a fall through R10-to-the-greenback level to trade back in a familiar range.
Better-than-expected offshore data such as eurozone GDP helped prop up emerging markets in the previous session, which also pushed down the dollar index.
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Source: FIN24
SA stocks scale fresh record highs
August 14, 2013--South African stocks climbed to a third straight record close on Wednesday.
Mining companies such as Gold Fields were given a lift from a higher bullion price and European shares rose after data showed the eurozone emerging from recession.
The benchmark Top 40 - (Tradeable) [JSE:J200] finished up 0.86% at 38 564.99.
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Source: FIN24
Rand steadies below R10/$
August 14, 2013--The rand held steady against the dollar, trading just below the psychologically key 10 rand area tested earlier in the session after the greenback was bolstered by strong US economic data.
The rand changed hands at R9.9890 at 08:15, not far off its New York close on Tuesday, and recovering after breaching R10 earlier on Wednesday.
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Source: FIN24
Rand steady vs dollar, focus on US data
August 13, 2013--The rand steadied against the dollar early on Tuesday, struggling against a bolstered greenback as investors anticipated upbeat data on the world's biggest economy.
Economists anticipate US data on items such as retail sales to show strength for the US economy, supporting plans by the Federal Reserve to slow the taps on its bond-buying programme that has also boosted emerging market assets.
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Source: FIN24
JSE notches up to new record highs
August 13, 2013--The JSE edged higher on Tuesday, pushing the main indices to their second consecutive record highs, tracking an upbeat mood in major overseas markets.
The benchmark JSE Top 40 - (Tradeable) [JSE:J200] index ticked up 0.35% to 38 205.84 by 10:43, after setting a record of 38 222.86 during the morning.
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Source: FIN24
Gold stocks push JSE to record
August 12, 2013--South Africa's two main stock indices booked record closes on Monday,
lifted by a surge in gold producers such as Gold Fields on a higher bullion price.
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Source: FIN24
Rand rallies against dollar
August 12, 2013--The rand firmed against the dollar early on Monday with local dealers coming in after a long weekend to play catch up with a currency that rallied at the end of last week.
At 08:51, the rand was up 0.4% to R9.7950/$ from Friday's close in New York.
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Source: FIN24
Nigeria, Others Lead in Global Confidence Index
August 12, 2013--With global economic recovery in sight, a survey has shown that the Nigerian economy and other economies in Africa have once again been identified as the most business-confident region in the world.
The findings were contained in the Global Economic Conditions Survey (GECS) compiled by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA).
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Source: AllAfrica.com
Rand to be back at R10/$ soon-analysts
August 9, 2013--The rand will slip more over the next year, due to tensions
in the mining industry and investors' response to the eventual withdrawal of US stimulus cash
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Source: FIN24
