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Rand on shaky ground
August 21, 2013--The rand weakened more than 1% against the dollar and government bonds dropped after data on Wednesday showed that headline consumer inflation in July breached the ceiling of the central bank's target band.
The rand was at 10.2670 to the dollar at 09:00 GMT, down 1% from its close in New York on Tuesday.
The yield on the 2026 government bond rose 4 basis points to 8.615%.
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Source: FIN24
Nigerians Abroad, Biggest Investors in Nigeria- Dabiri
August 21, 2013--Nigerians abroad have been identified as the biggest investors into the country's economy, which is seen as one of the fastest growing in Africa.
The chairman, House of Representatives Committee on Diaspora, Hon. Abike Dabiri-Erewa disclosed this at the just concluded Nigerian Diaspora Direct Investment Summit in London where she urged the Nigerian government to ensure that Nigerians abroad are given the necessary support needed to have a smooth inter-business transactions in their various countries of abode.
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Source: AllAfrica.com
Rand on shaky ground
August 21, 2013--The rand weakened more than 1% against the dollar and government bonds dropped after data on Wednesday showed that headline consumer inflation in July breached the ceiling of the central bank's target band.
The rand was at 10.2670 to the dollar at 09:00 GMT, down 1% from its close in New York on Tuesday.
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Source: FIN24
Rand dives as investors dump risky assets
August 20, 2013--Yields on debt hit their highest in 19 months on Tuesday and the rand dropped to its lowest level in six weeks as investors continued to dump local assets in a global sell-off of emerging markets.
The yield on the 2026 benchmark bond rose 7 basis points to 8.665%, its highest since January last year.
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Source: FIN24
Bahrain equity market measure hits 2-month high
August 19, 2013--The Bahrain All Share Index closed 0.12% higher at 1,202.68 points on Monday.
Shares of Bahrain Telecom, better known as Batelco, gained 2.94% to reach BD0.35. Islamic bank Ithmaar dived 3.70% to $0.26.
Source: African Capital News
Gold pushes stocks to record close
August 16, 2013--South African stocks booked a record close for the fourth time this week on Friday, lifted by surging gold producers after the spot price hit two-months highs.
The Top 40-(Tradeable) [JSE:J200] climbed 1.40% to 38 623.63 while the wider All Share [JSE:J203]...
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Source: FIN24
Rand mostly flat on Marikana anniversary
August 16, 2013--The rand was mostly flat on Friday as worries of labour unrest were raised on the one-year anniversary of when police shot dead 34 strikers at Lonmin's Marikana mine, in the deadliest security incident since apartheid ended in 1994.
At 09:19, the rand was at R9.977, largely unchanged from Thursday's New York close of R9.974.
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Source: FIN24
Rand recovers back into range vs dollar
August 15, 2013--The rand firmed against the dollar early on Thursday, recovering from a fall through R10-to-the-greenback level to trade back in a familiar range.
Better-than-expected offshore data such as eurozone GDP helped prop up emerging markets in the previous session, which also pushed down the dollar index.
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Source: FIN24
SA stocks scale fresh record highs
August 14, 2013--South African stocks climbed to a third straight record close on Wednesday.
Mining companies such as Gold Fields were given a lift from a higher bullion price and European shares rose after data showed the eurozone emerging from recession.
The benchmark Top 40 - (Tradeable) [JSE:J200] finished up 0.86% at 38 564.99.
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Source: FIN24
Rand steadies below R10/$
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
