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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
China trade data boosts Rand, bonds
August 8, 2013--The rand has gained 0.5% on the dollar,
buoyed by strong Chinese trade data that showed the world's biggest commodities consumer was importing more than expected.
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Source: FIN24
Rand firms slightly after reserves data
August 7, 2013--The rand has firmed slightly against the dollar after data showed
foreign exchange reserves rose in July.
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Source: FIN24
Rand steady vs dollar, eyes on auction
August 6, 2013--The rand has been steady against the dollar,
with market participants saying it could benefit from a successful government bond auction.
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Source: FIN24
Zim market dives on Mugabe re-election
August 5, 2013--Shares in SA-owned firms are down and investors have fled the Zimbabwean stock market
on fears of Zim dollar reintroduction and intensification of empowerment.
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Source: FIN24
Rand slips against dollar, bonds firm
August 5, 2013--The rand has edged lower against the dollar and is likely to be range-bound
ahead of the release of local mining and manufacturing data.
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Source: FIN24
Nigerian Equities Market Outperforms SA, Egypt,Others
August 5, 2013--The Nigerian equities market has continued to record impressive performance among its African peers, outperforming other markets such as South Africa, Egypt, Zambia, Mauritius and Kenya as at end of July 2013.
Nigeria was one of the best performing in 2012 and the same trend has continued. By the end of July the Nigerian market recorded a growth of 35 per cent. The performance is second behind only Ghana that posted a return of 61 per cent. Kenya came third with 30 per cent while Zambia recorded a growth of 27 per cent.
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Source: AllAfrica.com
JSE surges to near record close
August 2, 2013--South African stocks have surged 1.7%,
putting the benchmark Top 40 index within shouting distance of a record close.
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Source: FIN24
Rand breaches R10/$ level
August 2, 2013--The rand has fallen through the psychologically important level of R10/$,
with upbeat expectations about US jobs data bolstering the greenback.
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Source: FIN24
Ashiru -Nigeria's Foreign Direct Investment Now U.S.$8.9 Billion
August 2, 2013--The Minister of Foreign Affairs, Ambassador Olugbenga Ashiru, Thursday told the members of the National Working Committee (NWC) of the Peoples Democratic Party (PDP) that the foreign direct investment (FDI) into Nigeria rose significantly to $8.9 billion at the end of 2012.
The amount, he said was far higher than the $6.1 billion realised by the country in 2010. He also said at the end of 2012, Nigerians in the Diaspora contributed over $15 billion to the economy. Also, the minister of foreign affairs told the PDP NWC members that there were over 9,500 Nigerians in foreign prisons.
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Source: AllAfrica.com
